VTEX (NYSE:VTEX) Rating Increased to Buy at Brean Capital

Key Points

• Brean Capital upgraded VTEX from "hold" to buy with a $5.00 target, implying about a 23.3% upside from the current price.
• Analyst views are mixed — VTEX has a consensus rating of "Hold" and a consensus price target of $5.97 after recent downgrades (UBS, Weiss) and upgrades (Wall Street Zen).
• VTEX opened at $4.06, reported quarterly EPS of $0.05 (in line with estimates), and has roughly 63.7% institutional ownership with large stake increases from Millennium, Citadel and Polar.

VTEX (NYSE:VTEX - Get Free Report) was upgraded by stock analysts at Brean Capital from a "hold" rating to a "buy" rating in a research note issued on Wednesday, MarketBeat reports. The brokerage currently has a $5.00 target price on the stock. Brean Capital's target price would indicate a potential upside of 23.30% from the company's current price.

VTEX has been the subject of a number of other reports. Weiss Ratings downgraded VTEX from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, March 4th. Wall Street Zen upgraded VTEX from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 14th. Finally, UBS Group cut VTEX from a "buy" rating to a "neutral" rating and decreased their price target for the company from $8.00 to $4.00 in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.97.

VTEX Trading Up 1.4%

VTEX opened at $4.06 on Wednesday. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $6.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.04 and a quick ratio of 3.04. The firm has a market capitalization of $741.25 million, a price-to-earnings ratio of 36.87, a PEG ratio of 0.63 and a beta of 1.31. The company's 50 day moving average price is $3.37 and its two-hundred day moving average price is $3.87.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $67.95 million during the quarter, compared to the consensus estimate of $68.11 million. VTEX had a net margin of 8.32% and a return on equity of 8.24%. As a group, research analysts predict that VTEX will post 0.08 earnings per share for the current year.

Institutional Trading of VTEX

Large investors have recently bought and sold shares of the business. Millennium Management LLC lifted its stake in shares of VTEX by 202.5% in the 3rd quarter. Millennium Management LLC now owns 1,530,983 shares of the company's stock valued at $6,706,000 after purchasing an additional 1,024,911 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in VTEX during the third quarter worth approximately $4,412,000. Citadel Advisors LLC increased its holdings in VTEX by 524.5% in the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company's stock worth $4,434,000 after purchasing an additional 850,132 shares in the last quarter. Polar Capital Holdings Plc increased its holdings 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 purchasing an additional 748,712 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. lifted its stake in VTEX by 1,301.0% in the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company's stock valued at $4,929,000 after buying an additional 693,457 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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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