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

Wall Street Zen lowered shares of VTEX (NYSE:VTEX) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Weiss Ratings lowered VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Bradesco Corretora cut shares of VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a research report on Friday, August 7th. Itau BBA Securities reissued a “market perform” rating and issued a $4.50 price objective on shares of VTEX in a report on Tuesday, August 25th. Jefferies Financial Group restated a “buy” rating and set a $5.10 price objective on shares of VTEX in a research report on Thursday, August 27th. Finally, Morgan Stanley set a $4.00 target price on shares of VTEX and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.69.

VTEX Price Performance

Shares of NYSE VTEX opened at $3.60 on Friday. The firm has a 50-day simple moving average of $3.91 and a 200-day simple moving average of $3.83. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $612.91 million, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 0.45 and a beta of 0.99. VTEX has a 52 week low of $2.84 and a 52 week high of $4.73.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $64.39 million for the quarter, compared to analyst estimates of $64.69 million. VTEX had a net margin of 11.98% and a return on equity of 12.98%. On average, equities analysts predict that VTEX will post 0.21 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Alejandro Scannapieco sold 11,994 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $3.67, for a total transaction of $44,017.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider André Spolidoro sold 15,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $4.04, for a total value of $60,600.00. Following the transaction, the insider directly owned 301,431 shares of the company’s stock, valued at approximately $1,217,781.24. This represents a 4.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 97,306 shares of company stock worth $392,076. 40.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Corient Private Wealth LP acquired a new position in VTEX in the second quarter valued at $58,000. AXQ Capital LP acquired a new stake in shares of VTEX in the 2nd quarter worth $47,000. Public Employees Retirement System of Ohio acquired a new stake in shares of VTEX in the 2nd quarter worth $67,000. Globeflex Capital L P purchased a new stake in shares of VTEX in the second quarter valued at about $1,144,000. Finally, Bank of America Corp DE boosted its holdings in VTEX by 56.0% in the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after purchasing an additional 245,306 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.