VTEX (NYSE:VTEX) Releases Earnings Results, Misses Estimates By $0.01 EPS

VTEX (NYSE:VTEX) posted its earnings results on Tuesday. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01), Zacks reports. VTEX had a net margin of 3.97% and a return on equity of 3.60%.

VTEX Stock Down 2.9 %

VTEX traded down $0.18 during trading on Tuesday, hitting $5.99. 689,578 shares of the stock were exchanged, compared to its average volume of 680,068. VTEX has a 1-year low of $5.60 and a 1-year high of $9.59. The stock has a fifty day moving average price of $6.18 and a two-hundred day moving average price of $6.61. The firm has a market capitalization of $1.10 billion, a P/E ratio of 99.88 and a beta of 1.36.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Citigroup assumed coverage on shares of VTEX in a research note on Thursday, December 5th. They issued a “neutral” rating and a $6.70 price target on the stock. Finally, UBS Group reduced their price objective on shares of VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Friday, December 20th.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.