VTEX (NYSE:VTEX) Stock Rating Upgraded by Wall Street Zen

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

A number of other analysts have also commented on the company. JPMorgan Chase & Co. increased their price objective on VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Jefferies Financial Group initiated coverage on shares of VTEX in a research report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 price objective for the company. Finally, UBS Group cut their price objective on shares of VTEX from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Friday, June 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $7.88.

VTEX Price Performance

VTEX traded up $0.03 during midday trading on Friday, reaching $6.41. 678,883 shares of the company's stock were exchanged, compared to its average volume of 657,828. 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 stock has a market capitalization of $1.17 billion, a PE ratio of 71.20 and a beta of 1.36. The business's 50-day moving average price is $5.98 and its 200 day moving average price is $5.78. VTEX has a 1-year low of $4.20 and a 1-year high of $8.03.

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

Hedge Funds Weigh In On VTEX

A number of institutional investors have recently modified their holdings of VTEX. Softbank Group CORP. increased its position in VTEX by 93.4% during the fourth 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 during the last quarter. Polar Capital Holdings Plc increased its position in VTEX by 21.8% during the fourth 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 during the last quarter. Acadian Asset Management LLC increased its position in VTEX by 1.0% during the first quarter. Acadian Asset Management LLC now owns 3,005,818 shares of the company's stock worth $15,203,000 after purchasing an additional 29,804 shares during the last quarter. Millennium Management LLC increased its position in VTEX by 371.2% during the fourth 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 during the last quarter. Finally, AMS Capital Ltda increased its position in VTEX by 51.5% during the first quarter. AMS Capital Ltda now owns 1,699,053 shares of the company's stock worth $8,614,000 after purchasing an additional 577,580 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

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.