VTEX (NYSE:VTEX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of VTEX (NYSE:VTEX) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $9.78.

Separately, Citigroup began coverage on VTEX in a research report on Thursday. They issued a “neutral” rating and a $6.70 price objective on the stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Fourth Sail Capital LP increased its holdings in shares of VTEX by 125.0% in the second quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock valued at $22,497,000 after purchasing an additional 1,721,568 shares during the period. Janus Henderson Group PLC increased its holdings in shares of VTEX by 2,128.1% in the third quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock valued at $4,144,000 after purchasing an additional 533,163 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of VTEX by 34.1% in the second quarter. American Century Companies Inc. now owns 1,329,824 shares of the company’s stock valued at $9,655,000 after purchasing an additional 338,527 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in VTEX during the third quarter worth $2,518,000. Finally, Acadian Asset Management LLC increased its stake in VTEX by 23.0% during the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock worth $12,233,000 after acquiring an additional 315,507 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

VTEX Trading Up 0.8 %

NYSE:VTEX traded up $0.05 during trading hours on Friday, reaching $6.50. 115,890 shares of the company traded hands, compared to its average volume of 476,531. VTEX has a 1 year low of $5.72 and a 1 year high of $9.59. The stock has a market capitalization of $1.20 billion, a P/E ratio of 107.52 and a beta of 1.34. The business’s 50-day moving average price is $6.75 and its two-hundred day moving average price is $6.85.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The company had revenue of $56.00 million for the quarter, compared to the consensus estimate of $57.20 million. During the same quarter in the prior year, the company earned ($0.01) EPS. VTEX’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts anticipate that VTEX will post 0.09 EPS for the current year.

VTEX Company Profile

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.