VTEX (NYSE:VTEX) Research Coverage Started at Citigroup

Citigroup started coverage on shares of VTEX (NYSE:VTEX) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $10.00 target price on the stock.

Other analysts also recently issued reports about the stock. Jefferies Financial Group started coverage on shares of VTEX in a report on Thursday, May 22nd. They issued a “hold” rating and a $7.30 target price on the stock. Wall Street Zen raised VTEX from a “hold” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. increased their price objective on VTEX from $6.50 to $7.50 and gave the company an “overweight” rating in a research report on Tuesday, May 27th. Finally, UBS Group decreased their target price on VTEX from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, June 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.70.

VTEX Price Performance

Shares of NYSE:VTEX opened at $6.47 on Monday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 71.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.39 and a quick ratio of 3.39. VTEX has a 12 month low of $4.20 and a 12 month high of $8.03. The stock’s 50 day moving average price is $6.08 and its 200 day moving average price is $5.79.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. VTEX had a return on equity of 6.03% and a net margin of 6.70%. The company had revenue of $54.20 million for the quarter, compared to analysts’ expectations of $52.81 million. Equities research analysts anticipate that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of VTEX

Several large investors have recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of VTEX in the fourth quarter worth $33,000. State of Wyoming acquired a new position in VTEX during the fourth quarter valued at $45,000. SBI Securities Co. Ltd. purchased a new stake in VTEX in the 4th quarter worth about $59,000. Occudo Quantitative Strategies LP acquired a new stake in VTEX during the 4th quarter worth about $81,000. Finally, Graham Capital Management L.P. acquired a new stake in VTEX during the 4th quarter worth about $101,000. 63.69% of the stock is owned by institutional investors and hedge funds.

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.