VTEX (NYSE:VTEX) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

VTEX (NYSE:VTEX) posted its earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01), Zacks reports. VTEX had a return on equity of 3.60% and a net margin of 3.97%.

VTEX Stock Down 2.9 %

VTEX stock traded down $0.18 during trading on Tuesday, hitting $5.99. The stock had a trading volume of 689,287 shares, compared to its average volume of 676,644. The stock’s 50 day moving average is $6.18 and its two-hundred day moving average is $6.61. VTEX has a 1 year low of $5.60 and a 1 year high of $9.59. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 99.88 and a beta of 1.36.

Analyst Ratings Changes

Several equities research analysts have commented on VTEX shares. JPMorgan Chase & Co. decreased their price objective on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. UBS Group decreased their price target on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Finally, Citigroup assumed coverage on VTEX in a research report on Thursday, December 5th. They issued a “neutral” rating and a $6.70 price objective on the stock.

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.