VTEX (NYSE:VTEX) shares traded -8.35% lower at $4.06 on Wall Street last session.
In accordance with the data, 9 analysts cover VTEX (NYSE:VTEX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $4.70, we find $6.50. Given the previous closing price of $4.43, this indicates a potential upside of 46.73 percent. VTEX stock price is now 3.28% away from the 50-day moving average and -16.01% away from the 200-day moving average. The market capitalization of the company currently stands at $746.19M.
It has been rated a hold by 3 analysts and a buy by 6. Brokers who have rated the stock have averaged $6.74 as their price target over the next twelve months.
With the price target of $4.30, UBS recently initiated with Neutral rating for VTEX (NYSE: VTEX). On September 21, 2022, Itau BBA Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $11 to quote $1.80, while ‘BofA Securities’ rates the stock as ‘Buy’.
A total of 24.17% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VTEX stock. A new stake in VTEX shares was purchased by TRUXT INVESTMENTOS LTDA. during the first quarter worth $9,213,000. OLD WELL PARTNERS, LLC invested $2,205,000 in shares of VTEX during the first quarter. In the first quarter, BW GESTAO DE INVESTIMENTOS LTDA. acquired a new stake in VTEX valued at approximately $1,543,000. HRT FINANCIAL LP acquired a new stake in VTEX for approximately $1,178,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in VTEX valued at around $725,000 in the second quarter. In total, there are 73 active investors with 79.70% ownership of the company’s stock.
During the past 12 months, VTEX has had a low of $2.66 and a high of $16.65. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 5.30, and a quick ratio of 5.30. The fifty day moving average price for VTEX is $3.9312 and a two-hundred day moving average price translates $4.8341 for the stock.
The latest earnings results from VTEX (NYSE: VTEX) was released for Jun, 2022. The net profit margin was -51.40% and return on equity was -23.10% for VTEX. The company reported revenue of $38.75 million for the quarter, compared to $31.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.62 percent.