VTEX (NYSE:VTEX) Upgraded at Brean Capital

VTEX (NYSE:VTEX) was upgraded by research analysts at Brean Capital from a “hold” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat.com reports. The firm currently has a $5.00 price target on the stock. Brean Capital’s price objective suggests a potential upside of 23.30% from the company’s previous close.

VTEX has been the topic of several other research reports. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Weiss Ratings lowered shares of VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. Finally, UBS Group cut shares of VTEX from a “buy” rating to a “neutral” rating and dropped their target price for the company from $8.00 to $4.00 in a research note on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.97.

VTEX Trading Up 1.4%

NYSE VTEX opened at $4.06 on Wednesday. The company has a market cap of $741.25 million, a price-to-earnings ratio of 36.87, a P/E/G ratio of 0.63 and a beta of 1.31. VTEX has a 52 week low of $2.84 and a 52 week high of $6.82. The business has a 50 day moving average price of $3.37 and a 200-day moving average price of $3.87. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. VTEX had a return on equity of 8.24% and a net margin of 8.32%.The business had revenue of $67.95 million during the quarter, compared to the consensus estimate of $68.11 million. As a group, equities analysts expect that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of VTEX

A number of institutional investors have recently modified their holdings of VTEX. XTX Topco Ltd grew its stake in VTEX by 32.0% in the 4th quarter. XTX Topco Ltd now owns 335,538 shares of the company’s stock valued at $1,262,000 after buying an additional 81,371 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of VTEX in the fourth quarter valued at $49,000. Polymer Capital Management US LLC purchased a new position in shares of VTEX in the fourth quarter valued at $212,000. Numerai GP LLC raised its stake in shares of VTEX by 363.7% during the 4th quarter. Numerai GP LLC now owns 127,381 shares of the company’s stock valued at $479,000 after purchasing an additional 99,913 shares during the period. Finally, Millennium Management LLC lifted its holdings in VTEX by 36.6% during the 4th quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock worth $7,865,000 after purchasing an additional 560,828 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

About VTEX

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.