VTEX (NYSE:VTEX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of VTEX (NYSE:VTEX) have received an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.18.

A number of brokerages have recently weighed in on VTEX. Weiss Ratings lowered shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. UBS Group raised their target price on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th.

VTEX Trading Down 1.2%

NYSE:VTEX opened at $4.38 on Thursday. The company has a market cap of $745.89 million, a PE ratio of 36.46, a P/E/G ratio of 0.61 and a beta of 1.02. VTEX has a twelve month low of $2.84 and a twelve month high of $6.00. The company’s 50 day moving average is $3.95 and its two-hundred day moving average is $3.74.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $60.65 million. VTEX had a return on equity of 9.68% and a net margin of 9.40%. As a group, analysts expect that VTEX will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at VTEX

In other news, Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.59, for a total value of $57,213.83. Following the transaction, the director directly owned 9,965 shares of the company’s stock, valued at approximately $35,774.35. This represents a 61.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 84,749 shares of company stock valued at $338,747 over the last quarter. 40.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On VTEX

Institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in VTEX by 11.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,306 shares of the company’s stock valued at $122,000 after buying an additional 3,389 shares during the period. Van ECK Associates Corp boosted its position in VTEX by 18.5% during the third quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock worth $135,000 after purchasing an additional 4,802 shares in the last quarter. Barclays PLC boosted its position in VTEX by 6.3% during the fourth quarter. Barclays PLC now owns 87,792 shares of the company’s stock worth $330,000 after purchasing an additional 5,169 shares in the last quarter. Summit Securities Group LLC acquired a new stake in VTEX in the first quarter valued at approximately $29,000. Finally, MQS Management LLC grew its holdings in VTEX by 59.0% in the fourth quarter. MQS Management LLC now owns 23,512 shares of the company’s stock valued at $88,000 after purchasing an additional 8,722 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.