VTEX (NYSE:VTEX) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on VTEX, with six hold ratings and three buy ratings. The average 12-month price target is $4.69, versus the stock’s recent price of $3.65.
• VTEX reported quarterly EPS of $0.06, exceeding the $0.05 analyst estimate, while revenue of $64.39 million fell slightly short of expectations. Analysts project full-year EPS of $0.21.
• Institutional investors own 63.69% of VTEX, while insiders own 40.93%; insiders sold 97,306 shares worth approximately $392,000 over the past 90 days.

Shares of VTEX (NYSE:VTEX - Get Free Report) have been given an average recommendation of "Hold" by the nine research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $4.6875.

Several analysts recently issued reports on VTEX shares. Wall Street Zen lowered shares of VTEX from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 12th. Morgan Stanley set a $4.00 target price on VTEX and gave the stock an "equal weight" rating in a report on Friday, August 28th. Bradesco Corretora downgraded VTEX to a "neutral" rating and set a $4.50 target price on the stock. in a research report on Friday, August 7th. Jefferies Financial Group restated a "buy" rating and issued a $5.10 price target on shares of VTEX in a research report on Thursday, August 27th. Finally, Itau BBA Securities reiterated a "market perform" rating and set a $4.50 price objective on shares of VTEX in a research note on Tuesday, August 25th.

Insider Activity

In other VTEX news, Director Alejandro Scannapieco sold 11,994 shares of the business's stock in a transaction on 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider André Spolidoro sold 15,000 shares of the 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 transaction, the insider directly owned 301,431 shares of the company's stock, valued at approximately $1,217,781.24. The trade was a 4.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 97,306 shares of company stock worth $392,076 over the last 90 days. Company insiders own 40.93% of the company's stock.

Hedge Funds Weigh In On VTEX

A number of institutional investors and hedge funds have recently made changes to their positions in VTEX. Bank of America Corp DE lifted its holdings 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 valued at $2,732,000 after acquiring an additional 245,306 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in VTEX during the first quarter valued at approximately $2,302,000. Banco BTG Pactual S.A. lifted its stake in shares of VTEX by 29.9% in the 4th quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company's stock valued at $2,271,000 after purchasing an additional 139,100 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of VTEX by 32.2% in the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company's stock worth $1,321,000 after purchasing an additional 80,460 shares during the period. Finally, Globeflex Capital L P purchased a new stake in VTEX during the 1st quarter valued at $1,144,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

VTEX Price Performance

Shares of VTEX opened at $3.65 on Friday. The firm has a fifty day simple moving average of $3.88 and a two-hundred day simple moving average of $3.86. The firm has a market cap of $621.42 million, a PE ratio of 22.78, a P/E/G ratio of 0.46 and a beta of 0.99. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. VTEX has a 1-year low of $2.84 and a 1-year high of $4.73.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. VTEX had a return on equity of 12.98% and a net margin of 11.98%.The company had revenue of $64.39 million during the quarter, compared to analysts' expectations of $64.69 million. On average, equities analysts anticipate that VTEX will post 0.21 EPS for the current year.

VTEX Company Profile

VTEX is a global cloud commerce company that provides software for businesses to create, manage and expand digital commerce operations. Its platform supports online stores, marketplaces and unified commerce initiatives, helping companies connect digital and physical sales channels.

VTEX's product offering includes commerce management, order management, marketplace capabilities, customer and seller tools, payments integrations, promotions, search and merchandising, and content management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.