VTEX (NYSE:VTEX) Rating Increased to Buy at Wall Street Zen

Key Points

• VTEX has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, reflecting positive analyst sentiment towards the stock.
• Analysts have varied opinions on VTEX's price objectives, with Citigroup targeting $10.00 and JPMorgan lowering its objective to $6.00, resulting in an average target price of $8.33.
• Many institutional investors have increased their holdings in VTEX, indicating increased confidence in the company's prospects, with approximately 63.69% of the stock currently owned by these entities.

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

A number of other equities analysts have also recently issued reports on VTEX. Citigroup assumed coverage on VTEX in a report on Monday, June 23rd. They set a "buy" rating and a $10.00 price target on the stock. JPMorgan Chase & Co. restated a "neutral" rating and set a $6.00 price target (down from $7.50) on shares of VTEX in a report on Friday, August 8th. UBS Group cut their price target on VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, June 13th. Finally, Jefferies Financial Group assumed coverage on VTEX in a report on Thursday, May 22nd. They set a "hold" rating and a $7.30 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $8.33.

VTEX Trading Down 0.4%

VTEX stock traded down $0.0150 during trading on Friday, hitting $4.0450. The company had a trading volume of 1,666,458 shares, compared to its average volume of 1,441,030. The business has a 50-day moving average of $5.93 and a 200-day moving average of $5.71. VTEX has a one year low of $3.93 and a one year high of $8.03. The stock has a market cap of $739.43 million, a PE ratio of 50.57 and a beta of 1.34. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $58.80 million for the quarter, compared to analysts' expectations 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. Research analysts predict that VTEX will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VTEX

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in shares of VTEX in the 4th quarter worth $248,000. Softbank Group CORP. lifted its holdings in shares of VTEX by 93.4% in the 4th 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 in the last quarter. TimesSquare Capital Management LLC bought a new position in shares of VTEX in the 1st quarter worth $661,000. AMS Capital Ltda lifted its holdings in shares of VTEX by 51.5% in the 1st 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 in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings 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 worth $747,000 after purchasing an additional 43,259 shares in the last quarter. 63.69% of the stock is currently owned by 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.