VTEX (NYSE:VTEX – Get Free Report) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $4.60.
Several brokerages have recently commented on VTEX. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.10 price target on shares of VTEX in a research note on Thursday, August 27th. Morgan Stanley set a $4.00 price objective on shares of VTEX and gave the company an “equal weight” rating in a report on Friday, August 28th. Wall Street Zen cut shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Bradesco Corretora cut shares of VTEX to a “neutral” rating and set a $4.50 target price on the stock. in a research report on Friday, August 7th. Finally, Weiss Ratings lowered shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st.
View Our Latest Stock Report on VTEX
VTEX Stock Down 0.8%
VTEX stock opened at $4.17 on Tuesday. The firm has a market cap of $710.09 million, a PE ratio of 26.03, a PEG ratio of 0.53 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. The firm’s 50 day moving average price is $3.72 and its 200-day moving average price is $3.85. VTEX has a one year low of $2.84 and a one year high of $4.62.
VTEX (NYSE:VTEX – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm 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%. On average, equities research analysts anticipate that VTEX will post 0.21 EPS for the current year.
Insider Activity at VTEX
In related news, insider André Spolidoro sold 15,000 shares of VTEX stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $4.04, for a total value of $60,600.00. Following the completion of the sale, the insider owned 301,431 shares in the company, valued at approximately $1,217,781.24. This trade represents a 4.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alejandro Scannapieco sold 11,994 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $3.67, for a total value of $44,017.98. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 68,458 shares of company stock worth $273,607. Company insiders own 40.93% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP acquired a new stake in shares of VTEX in the second quarter valued at $58,000. AXQ Capital LP acquired a new position in VTEX during the 2nd quarter worth about $47,000. Public Employees Retirement System of Ohio acquired a new position in VTEX during the 2nd quarter worth about $67,000. Globeflex Capital L P acquired a new position in VTEX during the 2nd quarter worth about $1,144,000. Finally, Bank of America Corp DE boosted its holdings in VTEX by 56.0% during the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after acquiring an additional 245,306 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than VTEX
- Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
- The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
Receive News & Ratings for VTEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VTEX and related companies with MarketBeat.com's FREE daily email newsletter.
