VTEX (NYSE:VTEX – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.
Other equities analysts also recently issued reports about the company. Bradesco Corretora downgraded VTEX to a “neutral” rating and set a $4.50 target price on the stock. in a research report on Friday, August 7th. Itau BBA Securities restated a “market perform” rating and issued a $4.50 price target on shares of VTEX in a report on Tuesday, August 25th. Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Morgan Stanley set a $4.00 price objective on shares of VTEX and gave the company an “equal weight” rating in a research note on Friday, August 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $5.10 price objective on shares of VTEX in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.69.
Check Out Our Latest Stock Analysis on VTEX
VTEX Trading Up 1.1%
VTEX (NYSE:VTEX – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Analysts anticipate that VTEX will post 0.21 earnings per share for the current year.
Insider Buying and Selling at VTEX
In other news, insider André Spolidoro sold 15,000 shares of the company’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 completion of the sale, the insider directly owned 301,431 shares in the company, valued at $1,217,781.24. This represents a 4.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Alejandro Scannapieco sold 11,994 shares of the stock in a transaction on 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 have sold a total of 68,458 shares of company stock valued at $275,723 over the last three months. Corporate insiders own 40.93% of the company’s stock.
Institutional Investors Weigh In On VTEX
A number of institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new stake in shares of VTEX during the 2nd quarter worth about $58,000. AXQ Capital LP acquired a new stake in VTEX during the 2nd quarter worth approximately $47,000. Public Employees Retirement System of Ohio acquired a new stake in VTEX during the 2nd quarter worth approximately $67,000. Globeflex Capital L P purchased a new position in VTEX in the second quarter valued at approximately $1,144,000. Finally, Bank of America Corp DE raised 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 buying an additional 245,306 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.
About VTEX
VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.
The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.
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