Wall Street Zen Downgrades VTEX (NYSE:VTEX) to Buy

VTEX (NYSE:VTEX) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Several other research analysts have also issued reports on the stock. UBS Group lowered shares of VTEX from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $8.00 to $4.00 in a research note on Wednesday, January 14th. Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 19th. Finally, Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, March 11th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.97.

VTEX Trading Up 0.1%

NYSE VTEX opened at $4.06 on Friday. 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 has a twelve month low of $2.84 and a twelve month high of $6.82. The firm has a market capitalization of $701.47 million, a PE ratio of 36.87, a P/E/G ratio of 0.59 and a beta of 1.17. The stock’s 50 day moving average is $3.52 and its 200 day moving average is $3.85.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $67.95 million for the quarter, compared to analysts’ expectations of $68.11 million. VTEX had a return on equity of 8.24% and a net margin of 8.32%. Research analysts forecast that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

A number of institutional investors have recently modified their holdings of VTEX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of VTEX by 37.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock worth $187,000 after purchasing an additional 10,110 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in VTEX by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock worth $1,119,000 after purchasing an additional 84,189 shares in the last quarter. Jane Street Group LLC grew its position in VTEX by 1,570.1% during the 1st quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock valued at $949,000 after purchasing an additional 175,940 shares during the last quarter. Geode Capital Management LLC purchased a new stake in VTEX during the 2nd quarter valued at about $4,543,000. Finally, Legal & General Group Plc increased its stake in VTEX by 2,007.5% during the 2nd quarter. Legal & General Group Plc now owns 276,995 shares of the company’s stock valued at $1,828,000 after purchasing an additional 263,852 shares in the last quarter. 63.69% of the stock is 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.