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

Key Points

• Wall Street Zen downgraded VTEX from “strong buy” to “buy,” while broader analyst sentiment remains cautious: the stock has an average “hold” rating and a consensus price target of $4.69.
• VTEX reported quarterly EPS of $0.06, beating estimates by $0.01, but revenue of $64.39 million fell slightly short of expectations. Analysts expect full-year EPS of $0.21.
• VTEX shares opened at $3.60, below their 50-day and 200-day moving averages, while insiders sold 97,306 shares worth about $392,000 over the past 90 days.

VTEX (NYSE:VTEX - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

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

VTEX Price Performance

Shares of NYSE:VTEX opened at $3.60 on Friday. The company's fifty day moving average is $3.91 and its two-hundred day moving average is $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. VTEX has a 12-month low of $2.84 and a 12-month high of $4.73. The company has a market cap of $612.91 million, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 0.44 and a beta of 0.99.

VTEX (NYSE:VTEX - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. VTEX had a return on equity of 12.98% and a net margin of 11.98%.The business had revenue of $64.39 million during the quarter, compared to analysts' expectations of $64.69 million. Equities analysts expect that VTEX will post 0.21 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Alejandro Scannapieco sold 11,994 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider André Spolidoro sold 15,000 shares of the firm'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 sale, the insider directly owned 301,431 shares of the company's stock, valued at $1,217,781.24. This trade represents a 4.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 97,306 shares of company stock worth $392,076. Insiders own 40.93% of the company's stock.

Institutional Trading of VTEX

A number of institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of VTEX by 37.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company's stock worth $187,000 after purchasing an additional 10,110 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of VTEX by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company's stock valued at $1,119,000 after purchasing an additional 84,189 shares during the last quarter. Jane Street Group LLC boosted its holdings in VTEX by 1,570.1% in the first quarter. Jane Street Group LLC now owns 187,146 shares of the company's stock worth $949,000 after purchasing an additional 175,940 shares in the last quarter. Geode Capital Management LLC bought a new stake in VTEX in the second quarter worth $4,543,000. Finally, Rhumbline Advisers acquired a new position in VTEX during the second quarter worth $392,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Company Profile

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.

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