VTEX (NYSE:VTEX) Rating Lowered to Buy at Wall Street Zen

Key Points

• Wall Street Zen downgraded VTEX from “strong buy” to “buy,” while the broader analyst consensus remains “hold” with a $4.69 price target.
• VTEX reported quarterly EPS of $0.06, beating estimates by $0.01, although revenue of $64.39 million slightly missed expectations.
• The stock opened at $4.00, with a market capitalization of approximately $681 million; insiders sold 68,458 shares over the past 90 days, while institutional investors own 63.69% of the company.

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

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

VTEX Stock Performance

Shares of VTEX opened at $4.00 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 company has a 50-day moving average of $3.74 and a two-hundred day moving average of $3.84. The stock has a market cap of $681.11 million, a P/E ratio of 24.97, a PEG ratio of 0.50 and a beta of 0.94. VTEX has a 12-month low of $2.84 and a 12-month high of $4.62.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $64.39 million during the quarter, compared to analyst estimates of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. As a group, research analysts predict that VTEX will post 0.21 EPS for the current fiscal year.

Insider Activity

In related news, Director Alejandro Scannapieco sold 11,994 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider André Spolidoro sold 15,000 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $4.04, for a total transaction of $60,600.00. Following the transaction, the insider directly owned 301,431 shares in the company, valued at approximately $1,217,781.24. The trade was a 4.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 68,458 shares of company stock valued at $275,723 in the last ninety days. Corporate insiders own 40.93% of the company's stock.

Institutional Investors Weigh In On VTEX

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of VTEX by 56.0% in the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company's stock worth $2,732,000 after buying an additional 245,306 shares in the last quarter. Hsbc Holdings PLC bought a new position in VTEX during the first quarter valued at about $2,302,000. Principal Financial Group Inc. boosted its stake in VTEX by 32.2% during the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company's stock valued at $1,321,000 after buying an additional 80,460 shares in the last quarter. Globeflex Capital L P acquired a new position in VTEX during the first quarter worth about $1,144,000. Finally, Sei Investments Co. acquired a new position in VTEX during the first quarter worth about $844,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

About VTEX

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.

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