In yesterday’s Wall Street session, VTEX (NYSE:VTEX) shares traded at $3.50, up 2.34% from the previous session.
As of this writing, 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 $7.50 and a low of $4.20, we find $5.00. Given the previous closing price of $3.42, this indicates a potential upside of 46.2 percent. VTEX stock price is now -15.98% away from the 50-day moving average and -10.54% away from the 200-day moving average. The market capitalization of the company currently stands at $711.76M.
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There are 4 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $5.67 as their price target over the next twelve months.
With the price target of $5, DA Davidson recently initiated with Buy rating for VTEX (NYSE: VTEX). On December 19, 2022, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $7 to quote $5, while ‘UBS’ rates the stock as ‘Neutral’.
A total of 24.95% 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 TWO SIGMA INVESTMENTS, LP during the first quarter worth $292,000. PARAMETRIC PORTFOLIO ASSOCIATES LLC invested $111,000 in shares of VTEX during the first quarter. In the first quarter, LAZARD ASSET MANAGEMENT LLC acquired a new stake in VTEX valued at approximately $52,000. QUADRATURE CAPITAL LTD acquired a new stake in VTEX for approximately $35,000. AQUATIC CAPITAL MANAGEMENT LLC purchased a new stake in VTEX valued at around $8,000 in the second quarter. In total, there are 68 active investors with 66.70% ownership of the company’s stock.
Monday morning saw VTEX (NYSE: VTEX) opened at $3.3200. During the past 12 months, VTEX has had a low of $2.66 and a high of $7.54. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 4.60, and a quick ratio of 4.60. The fifty day moving average price for VTEX is $4.1656 and a two-hundred day moving average price translates $3.9125 for the stock.
The latest earnings results from VTEX (NYSE: VTEX) was released for Sep, 2022. According to the Software – Application Company, earnings per share came in at -$0.06, inline with analysts’ expectations of -$0.06. This compares to -$0.05 EPS in the same period last year. The net profit margin was -33.30% and return on equity was -18.10% for VTEX. The company reported revenue of $45.48 million for the quarter, compared to $37.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.55 percent. For the current quarter, analysts expect VTEX to generate $46.23M in revenue.
VTEX(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. It has operations in Brazil, Argentina, Chile, Colombia, France, Italy, Mexico, Peru, Portugal, Romania, Spain, the United Kingdom, and the United States. VTEX was founded in 2000 and is headquartered in London, the United Kingdom.
