VTEX (NYSE:VTEX) Announces Earnings Results, Meets Estimates

VTEX (NYSE:VTEX) issued its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03, Zacks reports. VTEX had a net margin of 5.80% and a return on equity of 5.27%. During the same quarter in the previous year, the company posted $0.02 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis.

VTEX Stock Performance

VTEX traded down $0.22 during mid-day trading on Thursday, reaching $4.32. 1,427,559 shares of the company traded hands, compared to its average volume of 1,273,410. The company’s fifty day moving average price is $4.33 and its 200-day moving average price is $5.32. The stock has a market capitalization of $788.96 million, a P/E ratio of 53.96 and a beta of 1.33. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.01. VTEX has a 52-week low of $3.91 and a 52-week high of $6.93.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of VTEX from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $6.00 price objective (down previously from $7.50) on shares of VTEX in a research note on Friday, August 8th. The Goldman Sachs Group started coverage on VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price target for the company. Jefferies Financial Group raised shares of VTEX from a “hold” rating to a “buy” rating and decreased their target price for the stock from $7.30 to $6.50 in a report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.16.

Institutional Investors Weigh In On VTEX

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming purchased a new stake in VTEX in the second quarter worth about $59,000. Occudo Quantitative Strategies LP purchased a new stake in shares of VTEX in the second quarter worth $124,000. The Manufacturers Life Insurance Company purchased a new stake in shares of VTEX in the second quarter worth $137,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of VTEX by 37.8% in the first 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 in the last quarter. Finally, Invesco Ltd. purchased a new stake in VTEX in the 2nd quarter worth $234,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.