VTEX (NYSE:VTEX - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02, Briefing.com reports. The business had revenue of $52.60 million during the quarter, compared to analysts' expectations of $53.45 million. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. The business's revenue was up 24.3% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS.
VTEX Trading Down 14.6 %
Shares of NYSE:VTEX traded down $1.19 on Wednesday, hitting $6.95. 2,328,232 shares of the company's stock were exchanged, compared to its average volume of 482,946. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -99.99 and a beta of 1.41. VTEX has a 12 month low of $3.59 and a 12 month high of $9.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45. The business's 50 day simple moving average is $8.18 and its two-hundred day simple moving average is $7.41.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on VTEX shares. JPMorgan Chase & Co. lifted their price target on VTEX from $6.50 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. Bank of America boosted their target price on VTEX from $8.50 to $12.00 and gave the company a "buy" rating in a research report on Monday, January 22nd. UBS Group raised their price target on VTEX from $8.50 to $12.00 and gave the stock a "buy" rating in a research report on Monday, March 25th. Finally, Piper Sandler boosted their price objective on shares of VTEX from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, VTEX has a consensus rating of "Moderate Buy" and a consensus price target of $8.44.
Read Our Latest Research Report on VTEX
VTEX Company Profile
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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.
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