The Goldman Sachs Group Begins Coverage on VTEX (NYSE:VTEX)

Key Points

• Goldman Sachs has initiated coverage on VTEX (NYSE:VTEX), setting a "buy" rating on the stock, joining several other analysts who also favor a "buy" stance.
• The current consensus rating for VTEX is a "Moderate Buy" with an average target price of $7.16, suggesting potential upside from its recent price performance.
• Institutional investor interest has increased, with Goldman Sachs growing its stake in VTEX by 61.6% and several other firms also purchasing significant positions in the recent quarter.

The Goldman Sachs Group began coverage on shares of VTEX (NYSE:VTEX - Get Free Report) in a report released on Wednesday, Marketbeat.com reports. The brokerage set a "buy" rating on the stock.

Several other equities research analysts have also weighed in on VTEX. Citigroup initiated coverage on VTEX in a research report on Monday, June 23rd. They set a "buy" rating and a $10.00 target price on the stock. Jefferies Financial Group raised VTEX from a "hold" rating to a "buy" rating and cut their target price for the stock from $7.30 to $6.50 in a research report on Wednesday, September 17th. Weiss Ratings reissued a "hold (c-)" rating on shares of VTEX in a research report on Tuesday. JPMorgan Chase & Co. restated a "neutral" rating and set a $6.00 price target (down previously from $7.50) on shares of VTEX in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded VTEX from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.16.

VTEX Price Performance

VTEX stock opened at $4.21 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.31 and a quick ratio of 3.31. The firm has a market capitalization of $769.59 million, a P/E ratio of 52.63 and a beta of 1.33. The business's 50-day moving average is $4.24 and its two-hundred day moving average is $5.37. VTEX has a 1 year low of $3.91 and a 1 year high of $7.07.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nuveen LLC purchased a new position in shares of VTEX in the 1st quarter valued at approximately $7,016,000. Goldman Sachs Group Inc. grew its stake in shares of VTEX by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company's stock valued at $1,119,000 after purchasing an additional 84,189 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of VTEX in the 1st quarter valued at approximately $661,000. Banco BTG Pactual S.A. grew its stake in shares of VTEX by 86.4% in the 1st quarter. Banco BTG Pactual S.A. now owns 1,671,340 shares of the company's stock valued at $8,474,000 after purchasing an additional 774,484 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of VTEX by 41.5% in the 1st quarter. New York State Common Retirement Fund now owns 147,410 shares of the company's stock valued at $747,000 after purchasing an additional 43,259 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.