VTEX (NYSE:VTEX) Posts Earnings Results, Beats Estimates By $0.02 EPS

VTEX (NYSE:VTEX) posted its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02, Briefing.com reports. The business had revenue of $52.60 million during the quarter, compared to the consensus estimate of $53.45 million. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) EPS.

VTEX Stock Down 2.7 %

NYSE VTEX traded down $0.18 during trading on Friday, reaching $6.61. 272,562 shares of the company’s stock traded hands, compared to its average volume of 486,560. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -96.99 and a beta of 1.41. VTEX has a 12-month low of $3.72 and a 12-month high of $9.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45. The company’s 50 day simple moving average is $8.12 and its two-hundred day simple moving average is $7.40.

Wall Street Analysts Forecast Growth

Several research firms have commented on VTEX. Bank of America increased their price objective on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Piper Sandler boosted their price target on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their target price on shares of VTEX from $6.50 to $9.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, UBS Group lifted their price target on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, VTEX has an average rating of “Moderate Buy” and an average target price of $8.44.

About VTEX

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.