VTEX (NYSE:VTEX) Given Consensus Rating of “Hold” by Brokerages

Shares of VTEX (NYSE:VTEX) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $4.6875.

Several research firms have commented on VTEX. Wall Street Zen downgraded VTEX from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Morgan Stanley set a $4.00 price objective on shares of VTEX and gave the company an “equal weight” rating in a report on Friday, August 28th. Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 price target for the company. in a research report on Friday, August 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $5.10 target price on shares of VTEX in a research note on Thursday, August 27th. Finally, Weiss Ratings cut shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st.

Insiders Place Their Bets

In related news, insider André Spolidoro sold 15,000 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $4.04, for a total transaction of $60,600.00. Following the transaction, the insider directly owned 301,431 shares in the company, valued at $1,217,781.24. The trade was a 4.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alejandro Scannapieco sold 11,994 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $3.67, for a total value of $44,017.98. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,306 shares of company stock valued at $392,076 in the last three months. Insiders own 40.93% of the company’s stock.

Hedge Funds Weigh In On VTEX

Hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC purchased a new stake in shares of VTEX during the first quarter valued at $2,302,000. Globeflex Capital L P purchased a new position in shares of VTEX during the 1st quarter valued at about $1,144,000. Bank of America Corp DE lifted its holdings in VTEX by 56.0% in 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 during the period. Banco BTG Pactual S.A. lifted its stake in shares of VTEX by 29.9% in the 4th quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company’s stock valued at $2,271,000 after purchasing an additional 139,100 shares during the period. Finally, Sei Investments Co. acquired a new position in shares of VTEX in the first quarter worth about $844,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Trading Down 0.7%

Shares of NYSE VTEX opened at $3.65 on Friday. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $4.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market cap of $621.42 million, a price-to-earnings ratio of 22.78, a PEG ratio of 0.46 and a beta of 0.99. The business’s 50 day moving average price is $3.88 and its 200-day moving average price is $3.86.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $64.39 million for the quarter, compared to the consensus estimate of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. On average, sell-side analysts expect that VTEX will post 0.21 earnings per share for the current year.

VTEX Company Profile

VTEX is a global cloud commerce company that provides software for businesses to create, manage and expand digital commerce operations. Its platform supports online stores, marketplaces and unified commerce initiatives, helping companies connect digital and physical sales channels.

VTEX’s product offering includes commerce management, order management, marketplace capabilities, customer and seller tools, payments integrations, promotions, search and merchandising, and content management.