VTEX (NYSE:VTEX) Receives $9.78 Consensus PT from Brokerages

VTEX (NYSE:VTEX) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $9.78.

Separately, Citigroup assumed coverage on VTEX in a research report on Thursday. They issued a “neutral” rating and a $6.70 price target for the company.

Institutional Trading of VTEX

A number of institutional investors have recently made changes to their positions in the stock. Quarry LP lifted its position in shares of VTEX by 105.7% in the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock worth $27,000 after purchasing an additional 1,869 shares during the period. Barclays PLC purchased a new stake in VTEX in the third quarter worth about $35,000. nVerses Capital LLC bought a new stake in VTEX during the 2nd quarter valued at approximately $40,000. MQS Management LLC purchased a new position in shares of VTEX during the 3rd quarter worth approximately $91,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of VTEX in the 3rd quarter worth approximately $134,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

VTEX Price Performance

Shares of VTEX stock opened at $6.45 on Friday. VTEX has a 52 week low of $5.72 and a 52 week high of $9.59. The firm has a 50 day moving average of $6.73 and a 200-day moving average of $6.85. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 107.52 and a beta of 1.34.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The business had revenue of $56.00 million for the quarter, compared to analyst estimates of $57.20 million. During the same quarter in the prior year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts anticipate that VTEX will post 0.09 earnings per share for the current year.

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.