VTEX (NYSE:VTEX) Earns Market Perform Rating from Itau BBA Securities

Key Points

• Itau BBA Securities reiterated its “market perform” rating on VTEX and maintained a $4.50 price target, implying 22.78% potential upside from the stock’s $3.67 opening price.
• Analyst sentiment remains cautious: VTEX has a consensus “Hold” rating and a $4.99 average price target, based on three Buy ratings and five Holds.
• VTEX exceeded quarterly EPS expectations, reporting $0.06 versus the $0.05 consensus, while revenue of $64.39 million came in slightly below estimates; institutional investors own 63.69% of the company.

VTEX (NYSE:VTEX - Get Free Report)'s stock had its "market perform" rating restated by equities research analysts at Itau BBA Securities in a research report issued on Tuesday,Benzinga reports. They currently have a $4.50 target price on the stock. Itau BBA Securities' price target would indicate a potential upside of 22.78% from the company's current price.

Several other equities research analysts have also recently weighed in on the stock. Bradesco Corretora cut shares of VTEX to a "neutral" rating and set a $4.50 price target for the company. in a research report on Friday, August 7th. UBS Group boosted their price objective on shares of VTEX from $4.00 to $4.10 and gave the company a "neutral" rating in a research report on Friday, May 8th. Finally, Weiss Ratings downgraded shares of VTEX from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, VTEX has a consensus rating of "Hold" and a consensus target price of $4.99.

VTEX Price Performance

Shares of VTEX stock opened at $3.67 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The business's 50 day simple moving average is $3.98 and its two-hundred day simple moving average is $3.79. The stock has a market capitalization of $624.85 million, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 0.51 and a beta of 1.02. VTEX has a one year low of $2.84 and a one year high of $4.73.

VTEX (NYSE:VTEX - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, beating 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 firm had revenue of $64.39 million during the quarter, compared to the consensus estimate of $64.69 million. Analysts forecast that VTEX will post 0.19 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andre Spolidoro Ferreira Gomes sold 15,000 shares of VTEX stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $4.04, for a total value of $60,600.00. Following the completion of the sale, the insider directly owned 301,431 shares in the company, valued at $1,217,781.24. The trade was a 4.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 94,928 shares of company stock valued at $386,522. 40.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On VTEX

Institutional investors have recently made changes to their positions in the business. Millennium Management LLC boosted its stake in shares of VTEX by 202.5% during the 3rd quarter. Millennium Management LLC now owns 1,530,983 shares of the company's stock worth $6,706,000 after acquiring an additional 1,024,911 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in VTEX during the third quarter valued at $4,412,000. Citadel Advisors LLC lifted its position in VTEX by 524.5% during the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company's stock valued at $4,434,000 after purchasing an additional 850,132 shares in the last quarter. Polar Capital Holdings Plc increased its position in VTEX by 11.9% in the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company's stock worth $30,809,000 after buying an additional 748,712 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. raised its stake in shares of VTEX by 1,301.0% in the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company's stock worth $4,929,000 after buying an additional 693,457 shares during the period. Institutional investors 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.

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