VTEX (NYSE:VTEX) Upgraded at Wall Street Zen

VTEX (NYSE:VTEX - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Sunday.

Several other research analysts also recently issued reports on VTEX. UBS Group dropped their target price on shares of VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. Jefferies Financial Group assumed coverage on shares of VTEX in a report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $8.70.

VTEX Stock Down 2.1%

VTEX stock traded down $0.14 during midday trading on Friday, hitting $6.47. The stock had a trading volume of 736,859 shares, compared to its average volume of 662,047. The business has a 50-day moving average of $6.05 and a two-hundred day moving average of $5.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.39 and a quick ratio of 3.39. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 71.90 and a beta of 1.36. VTEX has a 52-week low of $4.20 and a 52-week high of $8.03.

VTEX (NYSE:VTEX - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $54.20 million for the quarter, compared to the consensus estimate of $52.81 million. VTEX had a net margin of 6.70% and a return on equity of 6.03%. As a group, equities research analysts forecast that VTEX will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VTEX

Hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund grew its stake in shares of VTEX by 16.8% in the fourth quarter. New York State Common Retirement Fund now owns 104,151 shares of the company's stock worth $613,000 after acquiring an additional 14,986 shares during the period. SBI Securities Co. Ltd. bought a new position in VTEX during the fourth quarter valued at approximately $59,000. Raymond James Financial Inc. purchased a new stake in VTEX in the fourth quarter worth approximately $399,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in VTEX in the fourth quarter worth approximately $33,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in VTEX by 120.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,389 shares of the company's stock worth $314,000 after purchasing an additional 29,218 shares during the period. Hedge funds and other 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.