In a report released today, Justin Patterson from KeyBanc maintained a Hold rating on VTEX (VTEX – Research Report). The company’s shares closed yesterday at $7.73.
Patterson covers the Communication Services sector, focusing on stocks such as Spotify Technology SA, Netflix, and TechTarget. According to TipRanks, Patterson has an average return of 9.4% and a 51.94% success rate on recommended stocks.
Currently, the analyst consensus on VTEX is a Moderate Buy with an average price target of $8.88.
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VTEX market cap is currently $1.4B and has a P/E ratio of -80,522.31.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VTEX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
VTEX (VTEX) Company Description:
Vtex provides a 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. It generates maximum revenues from Brazil followed by Latin America and the rest of the world.
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