VTEX (NYSE:VTEX) Now Covered by Citigroup

Citigroup started coverage on shares of VTEX (NYSE:VTEX) in a report issued on Monday, Marketbeat.com reports. The firm issued a buy rating and a $10.00 price objective on the stock.

Several other equities analysts also recently commented on VTEX. Jefferies Financial Group assumed coverage on shares of VTEX in a research report on Thursday, May 22nd. They set a “hold” rating and a $7.30 target price on the stock. Wall Street Zen raised VTEX from a “hold” rating to a “buy” rating in a report on Sunday. UBS Group cut their price objective on VTEX from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. boosted their target price on VTEX from $6.50 to $7.50 and gave the stock an “overweight” rating in a report on Tuesday, May 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, VTEX has a consensus rating of “Moderate Buy” and an average target price of $8.70.

VTEX Stock Performance

Shares of NYSE VTEX opened at $6.47 on Monday. The business’s 50-day moving average price is $6.08 and its two-hundred day moving average price is $5.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.39 and a quick ratio of 3.39. VTEX has a one year low of $4.20 and a one year high of $8.03. The company has a market capitalization of $1.18 billion, a P/E ratio of 71.90 and a beta of 1.36.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $54.20 million for the quarter, compared to the consensus estimate of $52.81 million. VTEX had a return on equity of 6.03% and a net margin of 6.70%. Analysts anticipate that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

Hedge funds have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in VTEX during the 4th quarter valued at approximately $33,000. State of Wyoming bought a new position in VTEX in the 4th quarter worth approximately $45,000. SBI Securities Co. Ltd. acquired a new position in shares of VTEX during the fourth quarter worth approximately $59,000. Occudo Quantitative Strategies LP acquired a new position in shares of VTEX during the fourth quarter worth approximately $81,000. Finally, Graham Capital Management L.P. bought a new stake in shares of VTEX in the fourth quarter valued at approximately $101,000. 63.69% of the stock is currently owned by institutional investors.

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.