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

Shares of VTEX (NYSE:VTEXGet Free Report) have received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $7.88.

Several equities analysts have recently issued reports on VTEX shares. JPMorgan Chase & Co. lifted their price target on VTEX from $6.50 to $9.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley raised VTEX from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $5.50 to $8.00 in a research note on Friday, January 5th. Bank of America raised their price target on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Piper Sandler lifted their price target on shares of VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th.

Check Out Our Latest Stock Analysis on VTEX

VTEX Trading Up 2.5 %

VTEX stock opened at $8.52 on Tuesday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.01. VTEX has a 52 week low of $3.24 and a 52 week high of $8.78. The business has a 50-day simple moving average of $7.61 and a 200 day simple moving average of $6.51.

VTEX (NYSE:VTEXGet Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $60.70 million during the quarter, compared to the consensus estimate of $57.07 million. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. The business’s revenue for the quarter was up 33.4% on a year-over-year basis. Equities research analysts predict that VTEX will post 0.02 EPS for the current fiscal year.

Institutional Trading of VTEX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new position in VTEX during the fourth quarter worth $28,000. State of Wyoming acquired a new position in shares of VTEX during the second quarter valued at about $34,000. Fox Run Management L.L.C. bought a new position in shares of VTEX during the 3rd quarter worth about $53,000. UBS Group AG grew its stake in shares of VTEX by 137.2% in the 4th quarter. UBS Group AG now owns 14,260 shares of the company’s stock valued at $53,000 after buying an additional 8,247 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in VTEX during the 4th quarter worth approximately $56,000. 50.07% of the stock is currently owned by institutional investors and hedge funds.

About VTEX

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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.

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Analyst Recommendations for VTEX (NYSE:VTEX)

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