VTEX (NYSE:VTEX) Shares Up 4.3% - Should You Buy?

VTEX (NYSE:VTEX) experienced a 4.3% increase in its stock price during trading on Thursday. The shares reached a peak of $6.04 and last traded at $6.03. In total, around 152,517 shares were exchanged, reflecting a decrease of 69% compared to the average daily volume of 489,938 shares. The stock closed at $5.78 the previous day.

Analysts Set New Price Targets

On a different note, Citigroup began coverage on VTEX shares as part of a research note dated December 5th. They assigned a "neutral" rating to the stock along with a target price of $6.70. Currently, one analyst has rated the stock as a hold, while five have issued buy ratings. According to MarketBeat, VTEX enjoys an average rating of "Moderate Buy" and has a consensus price target set at $9.78.

VTEX Trading Up 1.4%

The company holds a market capitalization of $1.08 billion, with a PE ratio of 97.68 and a beta of 1.34. Moreover, the fifty-day moving average stands at $6.56, while the two-hundred-day moving average is $6.81.

On November 5th, VTEX announced its latest quarterly earnings results. The company posted earnings of $0.02 per share (EPS), aligning with analysts' expectations. Their revenue for the quarter amounted to $56.00 million, slightly below the consensus estimate of $57.20 million. VTEX recorded a net margin of 3.97% and a return on equity of 3.60%. The revenue showed a year-over-year increase of 10.6%. In the same quarter last year, the firm had reported ($0.01) EPS. Analysts are predicting that VTEX will report an EPS of 0.09 for the current year.

Institutional Inflows and Outflows

Recently, institutional investors have made adjustments to their holdings of VTEX. Quarry LP elevated its stake in the company by 105.7% during the third quarter, now owning 3,637 shares valued at $27,000 after acquiring an additional 1,869 shares in the last quarter. Barclays PLC has also secured a new stake in VTEX worth approximately $35,000 during the third quarter. nVerses Capital LLC entered a new position in VTEX in the second quarter at about $40,000. MQS Management LLC acquired a new stake during the third quarter valued at around $91,000. Additionally, Dynamic Technology Lab Private Ltd purchased a new position during the third quarter valued at roughly $134,000. Presently, institutional investors hold about 63.69% of the company’s shares.

About VTEX

VTEX is a provider of a software-as-a-service digital commerce platform tailored for enterprise brands and retailers. Their platform enables users to implement their commerce strategies, which includes creating online stores, managing orders across different channels, and establishing marketplaces to sell products from third-party vendors.

Should You Invest $1,000 in VTEX Right Now?

Before making an investment decision regarding VTEX, it may be wise to consider the following. Market analysts monitor various stocks daily, identifying top-rated picks. Currently, five stocks recommended by leading analysts do not include VTEX. Although analysts have rated VTEX as "Moderate Buy," they believe the five alternative stocks may present better opportunities.

VTEX, Stocks, Investment