Brokerages Set VTEX (NYSE:VTEX) PT at $21.29

Shares of VTEX (NYSE:VTEX – Get Rating) have been given a consensus recommendation of “Buy” by the nine analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.33.

Several research analysts recently issued reports on VTEX shares. Zacks Investment Research cut shares of VTEX from a “buy” rating to a “hold” rating in a report on Thursday. Piper Sandler cut their price objective on shares of VTEX from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, April 25th. KeyCorp cut their price objective on shares of VTEX from $25.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, January 25th. Credit Suisse Group raised shares of VTEX from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $10.00 to $8.00 in a report on Friday. Finally, The Goldman Sachs Group raised shares of VTEX from a “neutral” rating to a “buy” rating and cut their price objective for the company from $26.00 to $16.00 in a report on Tuesday, January 18th.

Shares of VTEX stock traded down $0.14 during trading on Friday, hitting $5.29. 502,934 shares of the company’s stock were exchanged, compared to its average volume of 403,222. The company has a current ratio of 5.94, a quick ratio of 5.94 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $6.56 and a 200-day simple moving average of $10.35. VTEX has a 52-week low of $5.22 and a 52-week high of $33.36.

VTEX (NYSE:VTEX – Get Rating) last issued its earnings results on Thursday, February 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. VTEX had a negative net margin of 48.11% and a negative return on equity of 30.91%. The firm had revenue of $37.12 million during the quarter, compared to analysts’ expectations of $36.32 million. Equities research analysts predict that VTEX will post -0.26 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in VTEX. Kornitzer Capital Management Inc. KS acquired a new stake in shares of VTEX in the third quarter valued at about $1,131,000. VELT Partners Investimentos Ltda. acquired a new position in VTEX during the third quarter worth about $18,552,000. Kiron Capital Gestao de Recursos Ltda. acquired a new position in VTEX during the third quarter worth about $6,296,000. Candriam Luxembourg S.C.A. acquired a new position in VTEX during the third quarter worth about $5,492,000. Finally, Jennison Associates LLC acquired a new position in VTEX during the third quarter worth about $18,533,000. Institutional investors and hedge funds own 41.24% of the company’s stock.

About VTEX (Get Rating)

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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