Shares of VTEX (NYSE:VTEX – Get Free Report) have received a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.0667.
A number of equities analysts have weighed in on VTEX shares. UBS Group increased their target price on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings lowered shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Finally, Bradesco Corretora cut shares of VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a research note on Friday, August 7th.
Get Our Latest Stock Analysis on VTEX
VTEX Stock Performance
VTEX (NYSE:VTEX – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate 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. On average, equities research analysts forecast that VTEX will post 0.19 EPS for the current year.
Insider Transactions at VTEX
In other VTEX news, insider Andre Spolidoro Ferreira Gomes sold 15,000 shares of the 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 sale, the insider owned 301,431 shares in the company, valued at $1,217,781.24. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 94,928 shares of company stock worth $386,522. Insiders own 40.93% of the company’s stock.
Institutional Trading of VTEX
Institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new position in VTEX in the 1st quarter worth about $29,000. ProShare Advisors LLC bought a new stake in shares of VTEX during the fourth quarter valued at about $39,000. Aquatic Capital Management LLC bought a new stake in shares of VTEX during the third quarter valued at about $41,000. Ieq Capital LLC purchased a new stake in shares of VTEX in the fourth quarter worth about $41,000. Finally, AXQ Capital LP bought a new position in shares of VTEX in the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.
VTEX Company Profile
VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.
Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.
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