VTEX (NYSE:VTEX) Shares Gap Up Following Analyst Upgrade

Key Points

• VTEX shares experienced a gap up after an upgrade from Jefferies Financial Group, moving from a closing price of $4.20 to an opening price of $4.45, with a new target price set at $6.50.
• Several research firms have varying ratings on VTEX, with a consensus rating of "Moderate Buy" and an average target price of $7.63.
• Institutional investors have significantly increased their holdings in VTEX, with hedge funds owning approximately 63.69% of the stock.

VTEX (NYSE:VTEX - Get Free Report) gapped up prior to trading on Wednesday after Jefferies Financial Group upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $4.20, but opened at $4.45. Jefferies Financial Group now has a $6.50 price target on the stock, down from their previous price target of $7.30. VTEX shares last traded at $4.55, with a volume of 549,020 shares traded.

A number of other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $6.00 target price (down previously from $7.50) on shares of VTEX in a research report on Friday, August 8th. Citigroup started coverage on VTEX in a research note on Monday, June 23rd. They set a "buy" rating and a $10.00 price target on the stock. UBS Group cut their price objective on VTEX from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, Wall Street Zen raised VTEX from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.63.

Institutional Investors Weigh In On VTEX

Several institutional investors and hedge funds have recently bought and sold shares of VTEX. Ameritas Investment Partners Inc. purchased a new stake in VTEX in the 2nd quarter worth approximately $39,000. State of Wyoming purchased a new position in shares of VTEX in the 4th quarter valued at approximately $45,000. Teacher Retirement System of Texas purchased a new position in shares of VTEX in the 2nd quarter valued at approximately $69,000. Savant Capital LLC purchased a new position in shares of VTEX in the 2nd quarter valued at approximately $70,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of VTEX in the 2nd quarter valued at approximately $72,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

VTEX Trading Down 2.2%

The company has a market cap of $831.74 million, a PE ratio of 56.88 and a beta of 1.31. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $4.92 and a 200 day moving average price of $5.43.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The company had revenue of $58.80 million during the quarter, compared to analyst estimates 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. Sell-side analysts predict that VTEX will post 0.08 EPS for the current fiscal year.

VTEX Company Profile

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.