Analysts Set VTEX (NYSE:VTEX) PT at $9.78

VTEX (NYSE:VTEX) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $9.78.

Separately, Citigroup initiated coverage on VTEX in a research report on Thursday, December 5th. They issued a “neutral” rating and a $6.70 target price on the stock.

VTEX Trading Down 3.5 %

VTEX opened at $6.41 on Friday. VTEX has a twelve month low of $5.72 and a twelve month high of $9.59. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 106.85 and a beta of 1.34. The company has a fifty day simple moving average of $6.66 and a 200 day simple moving average of $6.83.

VTEX (NYSE:VTEX) last announced its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $56.00 million for the quarter, compared to analyst estimates of $57.20 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) earnings per share. On average, analysts forecast that VTEX will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VTEX

Large investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of VTEX by 105.7% during the third quarter. Quarry LP now owns 3,637 shares of the company’s stock worth $27,000 after purchasing an additional 1,869 shares during the period. Barclays PLC acquired a new stake in VTEX during the third quarter worth about $35,000. nVerses Capital LLC bought a new position in VTEX in the second quarter worth about $40,000. MQS Management LLC acquired a new position in VTEX in the third quarter valued at approximately $91,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of VTEX during the third quarter valued at approximately $134,000. 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.