Wall Street Zen Upgrades VTEX (NYSE:VTEX) to "Buy"

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

A number of other brokerages also recently issued reports on VTEX. Jefferies Financial Group began coverage on VTEX in a report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of VTEX from $6.50 to $7.50 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $8.13.

VTEX Stock Up 1.1%

NYSE:VTEX traded up $0.08 during trading hours on Friday, reaching $6.68. 427,277 shares of the stock were exchanged, compared to its average volume of 644,020. VTEX has a twelve month low of $4.20 and a twelve month high of $8.03. The business has a 50-day moving average of $5.64 and a two-hundred day moving average of $5.77. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 111.27 and a beta of 1.36.

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, topping the consensus estimate of ($0.01) by $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm had revenue of $54.20 million for the quarter, compared to the consensus estimate of $52.81 million. On average, research analysts forecast that VTEX will post 0.08 EPS for the current fiscal year.

Institutional Trading of VTEX

Several large investors have recently modified their holdings of the business. AMS Capital Ltda lifted its stake in shares of VTEX by 54.4% during the fourth quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock valued at $6,605,000 after buying an additional 395,030 shares during the period. New York State Common Retirement Fund raised its holdings in VTEX by 16.8% in the 4th quarter. New York State Common Retirement Fund now owns 104,151 shares of the company's stock valued at $613,000 after acquiring an additional 14,986 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in VTEX in the 4th quarter valued at $59,000. Raymond James Financial Inc. purchased a new position in shares of VTEX during the 4th quarter worth $399,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of VTEX during the fourth quarter worth $33,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.

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