VTEX’s (VTEX) Market Perform Rating Reiterated at Itau BBA Securities

Itau BBA Securities restated their market perform rating on shares of VTEX (NYSE:VTEX) in a report released on Tuesday morning, MarketBeat.com reports. The brokerage currently has a $4.50 price objective on the stock.

Several other brokerages have also recently issued reports on VTEX. Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a report on Friday, August 7th. Finally, UBS Group raised their target price on VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, VTEX presently has a consensus rating of “Hold” and a consensus price target of $4.69.

VTEX Stock Performance

Shares of VTEX opened at $3.53 on Tuesday. The firm has a 50-day moving average price of $3.98 and a 200 day moving average price of $3.80. The firm has a market capitalization of $602.34 million, a PE ratio of 22.08, a P/E/G ratio of 0.49 and a beta of 1.02. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. VTEX has a 52-week low of $2.84 and a 52-week high of $4.73.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Friday, August 7th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $64.39 million for the quarter, compared to the consensus estimate of $64.69 million. VTEX had a net margin of 11.98% and a return on equity of 12.98%. On average, sell-side analysts anticipate that VTEX will post 0.19 earnings per share for the current fiscal year.

Insider Activity at VTEX

In related news, Director Alejandro Raul Scannapieco sold 11,994 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $3.67, for a total transaction of $44,017.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andre Spolidoro Ferreira Gomes sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $4.04, for a total transaction of $60,600.00. Following the sale, the insider owned 301,431 shares of the company’s stock, valued at $1,217,781.24. The trade was a 4.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 106,922 shares of company stock valued at $430,540. Company insiders own 40.93% of the company’s stock.

Institutional Investors Weigh In On VTEX

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Summit Securities Group LLC acquired a new position in shares of VTEX in the 1st quarter worth $29,000. ProShare Advisors LLC purchased a new stake in shares of VTEX during the fourth quarter valued at $39,000. Aquatic Capital Management LLC purchased a new stake in shares of VTEX during the third quarter valued at $41,000. Ieq Capital LLC acquired a new position in shares of VTEX in the 4th quarter valued at $41,000. Finally, AXQ Capital LP purchased a new position in VTEX in the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Company Profile

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.