VTEX (NYSE:VTEX) Lowered to Hold Rating by Wall Street Zen

Key Points

• VTEX was downgraded from a "buy" to a "hold" rating by Wall Street Zen in a recent report, indicating a shift in analyst sentiment towards the stock.
• Despite the downgrade, the stock maintains an average rating of "Moderate Buy" from analysts, with a target price set at $8.70.
• Large institutional investors hold 63.69% of VTEX shares, reflecting significant interest in the company amidst recent trading activity.

VTEX (NYSE:VTEX - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Other analysts also recently issued reports about the company. Jefferies Financial Group assumed coverage on VTEX in a research note on Thursday, May 22nd. They issued a "hold" rating and a $7.30 price target on the stock. Citigroup assumed coverage on VTEX in a research note on Monday, June 23rd. They issued a "buy" rating and a $10.00 price target on the stock. UBS Group decreased their price target on VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. lifted their price target on VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $8.70.

VTEX Stock Down 0.5%

Shares of NYSE VTEX traded down $0.03 during midday trading on Friday, hitting $6.19. 603,160 shares of the company's stock were exchanged, compared to its average volume of 968,215. The firm's fifty day simple moving average is $6.43 and its 200-day simple moving average is $5.85. The company has a market cap of $1.13 billion, a PE ratio of 68.79 and a beta of 1.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.39 and a quick ratio of 3.39. VTEX has a twelve month low of $4.20 and a twelve month 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 for the quarter, beating the consensus estimate of ($0.01) by $0.02. VTEX had a return on equity of 6.03% and a net margin of 6.70%. The company had revenue of $54.20 million for the quarter, compared to the consensus estimate of $52.81 million. Research analysts predict that VTEX will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On VTEX

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming purchased a new stake in shares of VTEX in the fourth quarter valued at $45,000. Occudo Quantitative Strategies LP purchased a new stake in shares of VTEX in the fourth quarter valued at $81,000. Graham Capital Management L.P. purchased a new stake in shares of VTEX in the fourth quarter valued at $101,000. Diversified Trust Co purchased a new stake in shares of VTEX in the second quarter valued at $122,000. Finally, Neuberger Berman Group LLC lifted its position in shares of VTEX by 47.7% in the fourth quarter. Neuberger Berman Group LLC now owns 22,131 shares of the company's stock valued at $130,000 after acquiring an additional 7,145 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

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.