VTEX (NYSE:VTEX) Receives $9.78 Consensus Target Price from Brokerages

VTEX (NYSE:VTEX - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $9.78.

Separately, Citigroup assumed coverage on VTEX in a research note on Thursday. They issued a "neutral" rating and a $6.70 price target on the stock.

Institutional Trading of VTEX

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP raised its position in VTEX by 105.7% in the third quarter. Quarry LP now owns 3,637 shares of the company's stock valued at $27,000 after purchasing an additional 1,869 shares during the period. Barclays PLC acquired a new position in VTEX during the 3rd quarter worth approximately $35,000. nVerses Capital LLC purchased a new position in VTEX in the 2nd quarter worth approximately $40,000. MQS Management LLC acquired a new stake in VTEX in the third quarter valued at approximately $91,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in VTEX in the third quarter valued at approximately $134,000. Institutional investors and hedge funds own 63.69% of the company's stock.

VTEX Stock Performance

NYSE:VTEX remained flat at $6.45 on Friday. 679,483 shares of the company's stock were exchanged, compared to its average volume of 464,173. The stock has a market cap of $1.19 billion, a P/E ratio of 107.52 and a beta of 1.34. VTEX has a 52 week low of $5.72 and a 52 week high of $9.59. The stock's 50-day simple moving average is $6.73 and its two-hundred day simple moving average is $6.85.

VTEX (NYSE:VTEX - Get Free Report) 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. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm had revenue of $56.00 million for the quarter, compared to analyst estimates of $57.20 million. During the same quarter last year, the business earned ($0.01) earnings per share. VTEX's revenue was up 10.6% compared to the same quarter last year. As a group, analysts anticipate that VTEX will post 0.09 earnings per share for the current year.

About VTEX

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.