VTEX (NYSE:VTEX) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of VTEX (NYSE:VTEX) from a strong-buy rating to a buy rating in a research report released on Sunday morning.

VTEX has been the subject of a number of other research reports. Weiss Ratings restated a “hold (c-)” rating on shares of VTEX in a research note on Tuesday, October 14th. Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and cut their price objective for the stock from $7.30 to $6.50 in a research report on Wednesday, September 17th. The Goldman Sachs Group initiated coverage on VTEX in a report on Wednesday, October 15th. They set a “buy” rating and a $5.30 price objective for the company. UBS Group dropped their price target on VTEX from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.96.

VTEX Stock Down 1.3%

VTEX stock opened at $3.83 on Friday. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $700.12 million, a PE ratio of 42.56 and a beta of 1.34. VTEX has a 1-year low of $3.65 and a 1-year high of $6.93. The business’s 50 day simple moving average is $4.17 and its 200 day simple moving average is $4.97.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. VTEX had a return on equity of 6.63% and a net margin of 7.03%.The business had revenue of $59.61 million during the quarter, compared to the consensus estimate of $59.80 million. During the same quarter last year, the firm posted $0.02 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that VTEX will post 0.08 EPS for the current year.

Institutional Investors Weigh In On VTEX

A number of large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. acquired a new position in VTEX in the 2nd quarter valued at $39,000. Aquatic Capital Management LLC bought a new position in shares of VTEX in the third quarter worth $41,000. Virtu Financial LLC acquired a new position in VTEX in the third quarter valued at about $51,000. Sherbrooke Park Advisers LLC bought a new stake in VTEX during the third quarter worth about $54,000. Finally, State of Wyoming acquired a new stake in VTEX during the second quarter worth about $59,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.