VTEX (NYSE:VTEX) Given New $8.00 Price Target at UBS Group

VTEX (NYSE:VTEX) had its price objective trimmed by UBS Group from $10.00 to $8.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Citigroup began coverage on VTEX in a research report on Monday, June 23rd. They issued a “buy” rating and a $10.00 target price for the company. Jefferies Financial Group assumed coverage on VTEX in a research note on Thursday, May 22nd. They issued a “hold” rating and a $7.30 price target on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $6.00 price target (down previously from $7.50) on shares of VTEX in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded VTEX from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.83.

VTEX Stock Up 4.4%

Shares of NYSE:VTEX opened at $4.1750 on Friday. VTEX has a 52-week low of $3.93 and a 52-week high of $7.61. The firm has a market capitalization of $763.19 million, a P/E ratio of 52.19 and a beta of 1.34. The stock has a 50 day moving average price of $5.83 and a 200-day moving average price of $5.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.31 and a current ratio of 3.31.

VTEX (NYSE:VTEX) last announced its earnings results on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. VTEX had a return on equity of 5.27% and a net margin of 5.80%.The firm had revenue of $58.80 million during the quarter, compared to analyst estimates of $60.35 million. VTEX has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that VTEX will post 0.08 EPS for the current fiscal year.

Institutional Trading of VTEX

Institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. purchased a new stake in VTEX during the 2nd quarter valued at $39,000. State of Wyoming purchased a new stake in VTEX during the 4th quarter valued at $45,000. Teacher Retirement System of Texas purchased a new stake in VTEX during the 2nd quarter valued at $69,000. Savant Capital LLC purchased a new stake in VTEX during the 2nd quarter valued at $70,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in VTEX during the 2nd quarter valued at $72,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.