Bank of America Corp DE Acquires 58,958 Shares of VTEX (NYSE:VTEX)

Bank of America Corp DE boosted its position in VTEX (NYSE:VTEX - Free Report) by 279.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,068 shares of the company's stock after purchasing an additional 58,958 shares during the quarter. Bank of America Corp DE's holdings in VTEX were worth $472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VTEX. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of VTEX during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of VTEX during the fourth quarter valued at $59,000. Neuberger Berman Group LLC boosted its position in shares of VTEX by 47.7% during the fourth quarter. Neuberger Berman Group LLC now owns 22,131 shares of the company's stock valued at $130,000 after buying an additional 7,145 shares during the last quarter. White Oak Capital Partners Pte. Ltd. purchased a new stake in shares of VTEX during the fourth quarter valued at $216,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of VTEX during the fourth quarter valued at $248,000. 63.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

VTEX Price Performance

Shares of VTEX stock traded down $0.16 during trading hours on Friday, reaching $6.49. 1,061,952 shares of the company traded hands, compared to its average volume of 652,092. VTEX has a 12-month low of $4.20 and a 12-month high of $8.03. The company has a market cap of $1.19 billion, a P/E ratio of 108.18 and a beta of 1.36. The firm has a 50-day moving average price of $5.82 and a 200 day moving average price of $5.78.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The firm had revenue of $54.20 million for the quarter, compared to analysts' expectations of $52.81 million. Sell-side analysts predict that VTEX will post 0.08 EPS 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.