VTEX (NYSE:VTEX) Price Target Lowered to $11.00 at UBS Group

VTEX (NYSE:VTEX) had its target price reduced by UBS Group from $12.50 to $11.00 in a research report report published on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Separately, Citigroup assumed coverage on VTEX in a report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, VTEX has an average rating of “Moderate Buy” and a consensus target price of $9.62.

VTEX Trading Down 2.7 %

NYSE VTEX opened at $5.68 on Friday. VTEX has a 12 month low of $5.66 and a 12 month high of $9.59. The stock’s fifty day moving average price is $6.51 and its 200-day moving average price is $6.80. The stock has a market cap of $1.05 billion, a P/E ratio of 94.68 and a beta of 1.34.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $56.00 million for the quarter, compared to analysts’ expectations of $57.20 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) earnings per share. As a group, analysts forecast that VTEX will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of VTEX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP grew its holdings in shares of 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 in the last quarter. Employees Retirement System of Texas grew its stake in shares of VTEX by 16.3% in the 2nd quarter. Employees Retirement System of Texas now owns 26,212 shares of the company’s stock worth $190,000 after buying an additional 3,668 shares in the last quarter. Barclays PLC bought a new stake in shares of VTEX in the 3rd quarter worth about $35,000. nVerses Capital LLC purchased a new stake in shares of VTEX during the 2nd quarter valued at about $40,000. Finally, MQS Management LLC bought a new position in shares of VTEX in the 3rd quarter valued at about $91,000. 63.69% of the stock is currently owned by institutional investors.

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.