VTEX (NYSE:VTEX) Issues Quarterly Earnings Results

VTEX (NYSE:VTEX - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01), Zacks reports. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The company had revenue of $61.50 million for the quarter, compared to analyst estimates of $63.03 million.

VTEX Stock Up 1.8 %

Shares of NYSE:VTEX traded up $0.09 during midday trading on Friday, reaching $4.83. The company's stock had a trading volume of 969,796 shares, compared to its average volume of 797,549. VTEX has a twelve month low of $4.58 and a twelve month high of $9.59. The stock has a fifty day moving average of $6.12 and a 200 day moving average of $6.56. The firm has a market capitalization of $887.93 million, a PE ratio of 80.43 and a beta of 1.36.

Analyst Ratings Changes

VTEX has been the topic of several research reports. UBS Group cut their target price on VTEX from $12.50 to $11.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. cut their price objective on VTEX from $9.50 to $9.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Finally, Citigroup began coverage on VTEX in a 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.