VTEX (NYSE:VTEX) Issues Earnings Results

VTEX (NYSE:VTEX) announced its earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02, Briefing.com reports. The firm had revenue of $52.60 million for the quarter, compared to analysts’ expectations of $53.45 million. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. VTEX’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS.

VTEX Stock Performance

Shares of VTEX traded down $0.18 during midday trading on Friday, hitting $6.61. 272,562 shares of the stock traded hands, compared to its average volume of 486,560. The firm has a market capitalization of $1.22 billion, a PE ratio of -96.99 and a beta of 1.41. The business’s 50 day moving average price is $8.12 and its two-hundred day moving average price is $7.40. VTEX has a 1-year low of $3.72 and a 1-year high of $9.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.45.

Analysts Set New Price Targets

VTEX has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of VTEX from $6.50 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Bank of America upped their target price on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Piper Sandler lifted their price objective on VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, UBS Group increased their target price on VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, VTEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.44.

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.