VTEX (NYSE:VTEX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• VTEX has received a consensus recommendation of "Moderate Buy" from five research firms, with an average 12-month price target of $7.6250.
• Recent analysts' updates include JPMorgan reducing its price target to $6.00 and Jefferies upgrading VTEX's rating to "buy" with a new target of $6.50.
• Hedge funds now own 63.69% of VTEX's stock, with several firms acquiring new positions during the second quarter of this year.

Shares of VTEX (NYSE:VTEX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $7.6250.

VTEX has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $6.00 price objective (down from $7.50) on shares of VTEX in a report on Friday, August 8th. Jefferies Financial Group upgraded VTEX from a "hold" rating to a "buy" rating and decreased their price target for the company from $7.30 to $6.50 in a research note on Wednesday, September 17th. Wall Street Zen upgraded VTEX from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Weiss Ratings restated a "hold (c)" rating on shares of VTEX in a research note on Saturday, September 27th. Finally, Citigroup assumed coverage on VTEX in a research note on Monday, June 23rd. They issued a "buy" rating and a $10.00 price target for the company.

Institutional Trading of VTEX

Hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. acquired a new stake in shares of VTEX in the second quarter valued at approximately $39,000. State of Wyoming bought a new position in VTEX during the 2nd quarter worth $59,000. Teacher Retirement System of Texas bought a new position in VTEX during the 2nd quarter worth $69,000. Savant Capital LLC bought a new position in VTEX during the 2nd quarter worth $70,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in VTEX during the 2nd quarter worth $72,000. 63.69% of the stock is owned by institutional investors and hedge funds.

VTEX Stock Up 0.1%

Shares of NYSE:VTEX traded up $0.01 during mid-day trading on Friday, reaching $4.40. 973,731 shares of the stock were exchanged, compared to its average volume of 1,149,045. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.01. The company has a market cap of $803.41 million, a P/E ratio of 54.88 and a beta of 1.33. VTEX has a one year low of $3.91 and a one year high of $7.56. The stock's 50 day simple moving average is $4.56 and its 200-day simple moving average is $5.41.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. The business had revenue of $58.80 million during the quarter, compared to the consensus estimate of $60.35 million. VTEX had a return on equity of 5.27% and a net margin of 5.80%. VTEX has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that VTEX will post 0.08 EPS for the current year.

About VTEX

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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