VTEX (NYSE:VTEX) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of VTEX (NYSE:VTEX) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

VTEX has been the subject of several other research reports. Bradesco Corretora downgraded shares of VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a research report on Friday, August 7th. Itau BBA Securities lowered shares of VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 price objective for the company. in a research note on Tuesday, August 25th. Morgan Stanley downgraded shares of VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 target price on the stock. in a research report on Friday, August 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a research note on Thursday, October 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $5.10 target price on shares of VTEX in a research note on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.53.

VTEX Stock Performance

Shares of VTEX opened at $3.92 on Friday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $667.47 million, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 0.57 and a beta of 1.05. The firm’s fifty day simple moving average is $3.83 and its two-hundred day simple moving average is $3.78. VTEX has a 12 month low of $2.84 and a 12 month high of $4.60.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). VTEX had a net margin of 11.98% and a return on equity of 12.98%. The business had revenue of $63.38 million during the quarter, compared to analyst estimates of $63.19 million. As a group, analysts predict that VTEX will post 0.19 EPS for the current year.

Insider Buying and Selling at VTEX

In related news, Director Alejandro Scannapieco sold 11,994 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $3.67, for a total value of $44,017.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 56,458 shares of company stock valued at $222,356. Corporate insiders own 40.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VTEX. Hsbc Holdings PLC purchased a new stake in VTEX in the 1st quarter valued at $2,302,000. Globeflex Capital L P bought a new position in VTEX during the 1st quarter valued at $1,144,000. Bank of America Corp DE lifted its stake in VTEX by 56.0% during the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after acquiring an additional 245,306 shares in the last quarter. Sei Investments Co. purchased a new position in VTEX during the 1st quarter worth $844,000. Finally, Kapitalo Investimentos Ltda purchased a new position in VTEX during the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About VTEX

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.