VTEX (NYSE:VTEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of VTEX (NYSE:VTEX) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other research firms have also issued reports on VTEX. Weiss Ratings lowered shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and set a $5.10 price objective on shares of VTEX in a research report on Thursday, August 27th. Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a report on Friday, August 7th. Itau BBA Securities restated a “market perform” rating and issued a $4.50 target price on shares of VTEX in a research report on Tuesday, August 25th. Finally, Morgan Stanley set a $4.00 target price on VTEX and gave the company an “equal weight” rating in a research note on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, VTEX has an average rating of “Hold” and a consensus price target of $4.69.

VTEX Stock Up 3.4%

Shares of VTEX stock opened at $3.77 on Friday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. The business’s 50 day simple moving average is $3.78 and its 200-day simple moving average is $3.84. The stock has a market capitalization of $643.60 million, a price-to-earnings ratio of 23.60, a PEG ratio of 0.46 and a beta of 0.94. VTEX has a twelve month low of $2.84 and a twelve month high of $4.62.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $64.39 million during the quarter, compared to analyst estimates of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Equities research analysts forecast that VTEX will post 0.21 earnings per share for the current year.

Insider Buying and Selling at VTEX

In other news, Director Alejandro Scannapieco sold 11,994 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider André Spolidoro sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the transaction, the insider owned 301,431 shares of the company’s stock, valued at approximately $1,217,781.24. The trade was a 4.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 68,458 shares of company stock valued at $275,723. Insiders own 40.93% of the company’s stock.

Hedge Funds Weigh In On VTEX

Several institutional investors and hedge funds have recently bought and sold shares of VTEX. Bank of America Corp DE raised its position in VTEX by 56.0% during the first quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after acquiring an additional 245,306 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of VTEX during the 1st quarter worth $2,302,000. Banco BTG Pactual S.A. increased its stake in shares of VTEX by 29.9% during the 4th quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company’s stock worth $2,271,000 after purchasing an additional 139,100 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of VTEX by 32.2% during the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock valued at $1,321,000 after purchasing an additional 80,460 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of VTEX in the 1st quarter valued at $1,144,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About VTEX

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.