VTEX (NYSE:VTEX) Raised to Buy at Jefferies Financial Group

Key Points

• Jefferies Financial Group upgraded VTEX from a "hold" to a "buy" rating, with a price target of $6.50, indicating a potential upside of 54.39%.
• Several analysts have also recently issued ratings, with a consensus target price of $7.63 and a majority rating of "Moderate Buy".
• VTEX has attracted significant interest from institutional investors, with holdings increasing, as they now own 63.69% of the stock.

VTEX (NYSE:VTEX - Get Free Report) was upgraded by equities researchers at Jefferies Financial Group from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has a $6.50 price objective on the stock, down from their previous price objective of $7.30. Jefferies Financial Group's price target would indicate a potential upside of 42.86% from the company's previous close.

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

VTEX Stock Performance

Shares of VTEX stock traded down $0.10 during trading hours on Wednesday, reaching $4.55. The company had a trading volume of 1,583,288 shares, compared to its average volume of 1,237,873. The business has a fifty day moving average price of $4.92 and a 200-day moving average price of $5.43. VTEX has a one year low of $3.91 and a one year high of $7.58. The firm has a market cap of $831.74 million, a PE ratio of 56.88 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.31 and a current ratio of 3.31.

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

Institutional Trading of VTEX

A number of large investors have recently made changes to their positions in VTEX. Northern Trust Corp increased its stake in shares of VTEX by 245.2% during the fourth quarter. Northern Trust Corp now owns 136,898 shares of the company's stock worth $806,000 after buying an additional 97,239 shares during the period. BNP Paribas Financial Markets purchased a new position in VTEX in the fourth quarter valued at approximately $248,000. Bank of America Corp DE increased its stake in VTEX by 279.3% in the fourth quarter. Bank of America Corp DE now owns 80,068 shares of the company's stock valued at $472,000 after purchasing an additional 58,958 shares during the last quarter. Lazard Asset Management LLC increased its stake in VTEX by 44.8% in the fourth quarter. Lazard Asset Management LLC now owns 106,272 shares of the company's stock valued at $625,000 after purchasing an additional 32,897 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in VTEX by 15.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company's stock valued at $157,000 after purchasing an additional 3,644 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.