Bank of America Corp DE Grows Position in VTEX (NYSE:VTEX)

Bank of America Corp DE increased its stake in shares of VTEX (NYSE:VTEX - Free Report) by 279.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 80,068 shares of the company's stock after purchasing an additional 58,958 shares during the period. Bank of America Corp DE's holdings in VTEX were worth $472,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VTEX. BNP Paribas Financial Markets bought a new position in VTEX in the 4th quarter worth about $248,000. EntryPoint Capital LLC bought a new position in VTEX in the 4th quarter worth about $446,000. Sei Investments Co. increased its stake in VTEX by 50.4% in the 4th quarter. Sei Investments Co. now owns 280,193 shares of the company's stock worth $1,650,000 after acquiring an additional 93,873 shares during the last quarter. AMS Capital Ltda increased its stake in VTEX by 54.4% in the 4th quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock worth $6,605,000 after acquiring an additional 395,030 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of VTEX during the 4th quarter valued at about $399,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Analysts Set New Price Targets

VTEX has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. UBS Group reduced their price objective on VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday. Jefferies Financial Group initiated coverage on VTEX in a research report on Thursday, May 22nd. They set a "hold" rating and a $7.30 price objective on the stock. Finally, Wall Street Zen lowered VTEX from a "buy" rating to a "hold" rating in a research report on Saturday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.88.

VTEX Stock Performance

VTEX traded down $0.16 on Friday, hitting $6.49. 1,061,952 shares of the company were exchanged, compared to its average volume of 653,109. VTEX has a 12 month low of $4.20 and a 12 month high of $8.03. The firm has a fifty day simple moving average of $5.82 and a two-hundred day simple moving average of $5.78. The stock has a market capitalization of $1.19 billion, a PE ratio of 108.18 and a beta of 1.36.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The business had revenue of $54.20 million during the quarter, compared to analysts' expectations of $52.81 million. On average, equities analysts expect that VTEX will post 0.08 earnings per share for the current year.

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.