VTEX (NYSE:VTEX) Receives $9.78 Consensus Target Price from Brokerages

Shares of VTEX (NYSE:VTEX) have been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $9.78.

Separately, Citigroup started coverage on shares of VTEX in a report on Thursday. They issued a “neutral” rating and a $6.70 target price for the company.

Hedge Funds Weigh In On VTEX

Several institutional investors have recently made changes to their positions in VTEX. Fourth Sail Capital LP increased its holdings in VTEX by 125.0% during the second quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock valued at $22,497,000 after buying an additional 1,721,568 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of VTEX by 2,128.1% during the 3rd quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock valued at $4,144,000 after acquiring an additional 533,163 shares during the period. American Century Companies Inc. raised its holdings in VTEX by 34.1% in the 2nd quarter. American Century Companies Inc. now owns 1,329,824 shares of the company’s stock worth $9,655,000 after purchasing an additional 338,527 shares during the period. Itau Unibanco Holding S.A. bought a new position in VTEX in the 3rd quarter worth $2,518,000. Finally, Acadian Asset Management LLC lifted its position in VTEX by 23.0% during the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock valued at $12,233,000 after purchasing an additional 315,507 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

VTEX Stock Performance

Shares of VTEX opened at $6.45 on Friday. VTEX has a fifty-two week low of $5.72 and a fifty-two week high of $9.59. The firm’s 50-day simple moving average is $6.73 and its two-hundred day simple moving average is $6.85. The stock has a market cap of $1.19 billion, a PE ratio of 107.52 and a beta of 1.34.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The company had revenue of $56.00 million for the quarter, compared to the consensus estimate of $57.20 million. During the same quarter in the prior year, the business posted ($0.01) EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that VTEX will post 0.09 EPS for the current year.

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.