VTEX (NYSE:VTEX) Downgraded by Wall Street Zen to Hold

VTEX (NYSE:VTEX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

VTEX has been the subject of several other research reports. UBS Group dropped their price objective on VTEX from $11.00 to $10.00 and set a "buy" rating for the company in a report on Friday. JPMorgan Chase & Co. raised their target price on VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Finally, Jefferies Financial Group assumed coverage on VTEX in a research note on Thursday, May 22nd. They issued a "hold" rating and a $7.30 target price for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $7.88.

VTEX Trading Down 3.6%

VTEX traded down $0.24 on Friday, hitting $6.40. 599,286 shares of the company were exchanged, compared to its average volume of 654,853. VTEX has a 12 month low of $4.20 and a 12 month high of $8.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.39 and a current ratio of 3.39. The firm has a fifty day simple moving average of $5.89 and a two-hundred day simple moving average of $5.78. The stock has a market capitalization of $1.17 billion, a PE ratio of 71.12 and a beta of 1.36.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. VTEX had a return on equity of 6.03% and a net margin of 6.70%. The business had revenue of $54.20 million during the quarter, compared to analysts' expectations of $52.81 million. Sell-side analysts expect that VTEX will post 0.08 earnings per share for the current year.

Institutional Trading of VTEX

A number of institutional investors and hedge funds have recently modified their holdings of VTEX. Softbank Group CORP. increased its holdings in shares of VTEX by 93.4% in the 4th quarter. Softbank Group CORP. now owns 38,434,587 shares of the company's stock worth $226,380,000 after purchasing an additional 18,559,399 shares in the last quarter. Millennium Management LLC increased its holdings in shares of VTEX by 371.2% in the 4th quarter. Millennium Management LLC now owns 2,599,366 shares of the company's stock worth $15,310,000 after purchasing an additional 2,047,671 shares in the last quarter. Nuveen LLC bought a new stake in shares of VTEX in the 1st quarter worth $7,016,000. Polar Capital Holdings Plc increased its holdings in shares of VTEX by 21.8% in the 4th quarter. Polar Capital Holdings Plc now owns 5,229,168 shares of the company's stock worth $30,800,000 after purchasing an additional 936,551 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of VTEX by 1,082.4% in the fourth quarter. Nuveen Asset Management LLC now owns 876,508 shares of the company's stock worth $5,163,000 after acquiring an additional 802,381 shares during the period. Institutional investors own 63.69% of the company's stock.

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.