VTEX (NYSE:VTEX) Stock Jumps 4% – Time to Buy?

VTEX (NYSE:VTEX – Get Free Report)’s share price shot up 4% on Tuesday. The company traded as high as $4.14 and last traded at $4.1820. 122,587 shares changed hands during trading, a decline of 89% from the average session volume of 1,154,844 shares. The stock had previously closed at $4.02.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VTEX. Jefferies Financial Group reissued a “buy” rating and issued a $5.10 target price on shares of VTEX in a report on Thursday, August 27th. Bradesco Corretora downgraded VTEX to a “neutral” rating and set a $4.50 price target for the company. in a report on Friday, August 7th. Wall Street Zen lowered shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Itau BBA Securities reiterated a “market perform” rating and issued a $4.50 price objective on shares of VTEX in a research report on Tuesday, August 25th. Finally, Weiss Ratings cut shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.60.

Read Our Latest Stock Report on VTEX

VTEX Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The stock has a market capitalization of $694.75 million, a PE ratio of 25.47, a P/E/G ratio of 0.52 and a beta of 0.94. The stock has a 50 day moving average of $3.72 and a two-hundred day moving average of $3.84.

VTEX (NYSE:VTEX – Get Free Report) last released its earnings results on Friday, August 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. VTEX had a return on equity of 12.98% and a net margin of 11.98%. The company had revenue of $64.39 million during the quarter, compared to the consensus estimate of $64.69 million. Research analysts expect that VTEX will post 0.21 EPS for the current fiscal year.

Insider Transactions at VTEX

In other VTEX news, insider André Spolidoro sold 15,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were 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 approximately $1,217,781.24. This represents a 4.74% decrease in their ownership of the stock. The sale 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 stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $3.67, for a total transaction of $44,017.98. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 78,074 shares of company stock worth $314,187. 40.93% of the stock is owned by insiders.

Institutional Investors Weigh In On VTEX

Several institutional investors have recently modified their holdings of VTEX. Summit Securities Group LLC acquired a new stake in VTEX in the first quarter valued at $29,000. AXQ Capital LP acquired a new position in shares of VTEX during the 2nd quarter worth $47,000. Corient Private Wealth LP acquired a new position in shares of VTEX during the 2nd quarter worth $58,000. Public Employees Retirement System of Ohio purchased a new stake in shares of VTEX in the 2nd quarter worth about $67,000. Finally, State of Wyoming purchased a new stake in shares of VTEX in the 1st quarter worth about $70,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About VTEX

(Get Free Report)

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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