VTEX (NYSE:VTEX) Given Consensus Rating of “Moderate Buy” by Analysts

VTEX (NYSE:VTEX) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $5.18.

A number of equities analysts have issued reports on VTEX shares. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Weiss Ratings upgraded VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 21st. Finally, UBS Group lifted their price objective on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th.

Insider Buying and Selling at VTEX

In related news, Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the completion of the sale, the director directly owned 9,965 shares of the company’s stock, valued at approximately $35,774.35. This trade represents a 61.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 95,865 shares of company stock worth $379,352 over the last 90 days. 40.93% of the stock is owned by company insiders.

Institutional Trading of VTEX

Several institutional investors and hedge funds have recently modified their holdings of the business. Banco BTG Pactual S.A. raised its position in VTEX by 29.9% during the fourth quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company’s stock valued at $2,271,000 after purchasing an additional 139,100 shares in the last quarter. FNY Investment Advisers LLC lifted its position in VTEX by 577.8% in the third quarter. FNY Investment Advisers LLC now owns 268,740 shares of the company’s stock valued at $1,177,000 after purchasing an additional 229,091 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in VTEX by 69.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 79,828 shares of the company’s stock valued at $350,000 after buying an additional 32,686 shares during the period. Quantbot Technologies LP purchased a new stake in shares of VTEX during the third quarter worth about $377,000. Finally, Globeflex Capital L P purchased a new stake in VTEX in the 1st quarter worth approximately $1,144,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

VTEX Trading Up 2.9%

Shares of NYSE:VTEX traded up $0.12 during trading on Friday, reaching $4.07. 734,577 shares of the stock were exchanged, compared to its average volume of 1,677,781. The stock has a 50-day moving average price of $3.75 and a 200-day moving average price of $3.68. VTEX has a 12 month low of $2.84 and a 12 month high of $6.82. The firm has a market cap of $693.04 million, a PE ratio of 33.88, a PEG ratio of 0.56 and a beta of 1.03.

VTEX (NYSE:VTEX) last released its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). VTEX had a return on equity of 9.68% and a net margin of 9.40%.The company had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.65 million. On average, sell-side analysts expect that VTEX will post 0.19 earnings per share for the current fiscal year.

About VTEX

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.