VTEX (NYSE:VTEX) Receives $9.62 Average Price Target from Brokerages

VTEX (NYSE:VTEX) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.94.

Several brokerages recently weighed in on VTEX. UBS Group decreased their price objective on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a report on Friday, December 20th. Citigroup started coverage on shares of VTEX in a research note on Thursday, December 5th. They issued a “neutral” rating and a $6.70 target price for the company.

Institutional Investors Weigh In On VTEX

Institutional investors and hedge funds have recently modified their holdings of the company. Fourth Sail Capital LP increased its holdings in VTEX by 125.0% during the 2nd quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock worth $22,497,000 after acquiring an additional 1,721,568 shares during the period. Acadian Asset Management LLC increased its holdings in shares of VTEX by 23.0% in the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock worth $12,233,000 after purchasing an additional 315,507 shares during the period. American Century Companies Inc. raised its position 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 worth $9,655,000 after buying an additional 338,527 shares in the last quarter. Renaissance Technologies LLC boosted its stake in VTEX by 15.9% during the second quarter. Renaissance Technologies LLC now owns 938,800 shares of the company’s stock valued at $6,816,000 after buying an additional 129,100 shares during the period. Finally, State Street Corp boosted its stake in VTEX by 51.8% during the third quarter. State Street Corp now owns 806,221 shares of the company’s stock valued at $5,998,000 after buying an additional 275,024 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

VTEX Stock Up 2.9 %

VTEX opened at $5.97 on Tuesday. The company’s 50-day moving average price is $6.29 and its two-hundred day moving average price is $6.74. VTEX has a twelve month low of $5.60 and a twelve month high of $9.59. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 99.52 and a beta of 1.33.

VTEX (NYSE:VTEX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The business 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 business earned ($0.01) earnings per share. VTEX’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, sell-side analysts anticipate that VTEX will post 0.09 earnings per share 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.