Analysts Set VTEX (NYSE:VTEX) PT at $8.44

VTEX (NYSE:VTEX) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $8.44.

A number of brokerages have recently commented on VTEX. Piper Sandler upped their price target on VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. increased their target price on shares of VTEX from $6.50 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Bank of America boosted their price target on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Morgan Stanley raised shares of VTEX from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $5.50 to $8.00 in a report on Friday, January 5th. Finally, UBS Group increased their target price on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, March 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of VTEX by 2.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,489 shares of the company’s stock worth $402,000 after buying an additional 1,302 shares during the period. Vident Investment Advisory LLC lifted its holdings in shares of VTEX by 16.8% during the fourth quarter. Vident Investment Advisory LLC now owns 19,694 shares of the company’s stock valued at $74,000 after purchasing an additional 2,827 shares during the last quarter. State Street Corp boosted its position in shares of VTEX by 2.0% in the 1st quarter. State Street Corp now owns 173,892 shares of the company’s stock worth $1,069,000 after purchasing an additional 3,452 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of VTEX in the 4th quarter worth approximately $28,000. Finally, GSA Capital Partners LLP grew its stake in shares of VTEX by 8.3% in the 3rd quarter. GSA Capital Partners LLP now owns 80,637 shares of the company’s stock worth $404,000 after buying an additional 6,158 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

VTEX Stock Performance

NYSE VTEX opened at $7.58 on Wednesday. The company has a fifty day moving average price of $8.13 and a 200-day moving average price of $7.16. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -108.27 and a beta of 1.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45. VTEX has a 1 year low of $3.24 and a 1 year high of $9.59.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.02 EPS for the quarter. The business had revenue of $60.70 million for the quarter, compared to analyst estimates of $57.07 million. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. VTEX’s revenue for the quarter was up 33.4% compared to the same quarter last year. As a group, equities research analysts predict that VTEX will post -0.03 EPS for the current fiscal year.

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.