VTEX (NYSE:VTEX) Stock Has Consensus Price Target of $4.60 According to Analysts

Shares of VTEX (NYSE:VTEX – Get Free Report) have received a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $4.60.

Several equities research analysts have recently issued reports on VTEX shares. Morgan Stanley cut shares of VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective for the company. in a research report on Friday, August 28th. Bradesco Corretora downgraded shares of VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, August 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $5.10 price target on shares of VTEX in a report on Thursday, August 27th. Itau BBA Securities cut shares of VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 target price for the company. in a research note on Tuesday, August 25th. Finally, Wall Street Zen cut shares of VTEX from a “buy” rating to a “hold” rating in a research report on Saturday.

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Insider Transactions at VTEX

In other news, insider André Spolidoro sold 15,000 shares of the company’s stock in a transaction that occurred 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 owned 301,431 shares of the company’s stock, valued at approximately $1,217,781.24. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alejandro Scannapieco sold 11,994 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3.67, for a total value of $44,017.98. The SEC filing for this sale provides additional information. Insiders sold 81,074 shares of company stock worth $321,901 over the last quarter. 40.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On VTEX

A number of hedge funds have recently modified their holdings of VTEX. Ashton Thomas Private Wealth LLC acquired a new stake in VTEX in the third quarter valued at $38,000. Kapitalo Investimentos Ltda bought a new position in shares of VTEX during the third quarter valued at approximately $36,000. Corient Private Wealth LP bought a new position in VTEX in the 2nd quarter worth $58,000. AXQ Capital LP purchased a new stake in shares of VTEX during the 2nd quarter valued at about $47,000. Finally, Public Employees Retirement System of Ohio purchased a new position in VTEX during the second quarter valued at approximately $67,000. 63.69% of the stock is owned by institutional investors and hedge funds.

VTEX Stock Down 1.9%

Shares of VTEX stock opened at $3.96 on Friday. The firm’s 50-day moving average is $3.82 and its 200-day moving average is $3.77. The stock has a market cap of $674.29 million, a price-to-earnings ratio of 26.37, a PEG ratio of 0.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. VTEX has a 52-week low of $2.84 and a 52-week high of $4.60.

VTEX (NYSE:VTEX – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). VTEX had a return on equity of 12.98% and a net margin of 11.98%. The firm had revenue of $63.38 million during the quarter, compared to analysts’ expectations of $63.19 million. Sell-side analysts predict that VTEX will post 0.21 EPS for the current year.

Key VTEX News

Here are the key news stories impacting VTEX this week:

VTEX Company Profile

(Get Free Report)

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.

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Analyst Recommendations for VTEX (NYSE:VTEX)

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