VTEX (NYSE:VTEX – Get Rating) was down 8.4% during mid-day trading on Friday . The company traded as low as $3.79 and last traded at $3.82. Approximately 6,104 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 660,057 shares. The stock had previously closed at $4.17.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on VTEX shares. The Goldman Sachs Group cut their price objective on shares of VTEX from $12.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, July 5th. Bank of America raised shares of VTEX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.50 to $6.50 in a report on Friday, August 26th. Finally, Piper Sandler dropped their target price on shares of VTEX from $9.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, July 22nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, VTEX presently has an average rating of “Buy” and a consensus price target of $11.08.
VTEX Stock Performance
The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average is $3.78 and its 200-day moving average is $4.69. The firm has a market capitalization of $730.31 million, a price-to-earnings ratio of -10.00 and a beta of 0.54.
Institutional Investors Weigh In On 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.
- Get a free copy of the StockNews.com research report on VTEX (VTEX)
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