New York State Common Retirement Fund Has $747,000 Stock Position in VTEX (NYSE:VTEX)

Key Points

• The New York State Common Retirement Fund increased its stake in VTEX by 41.5% during the first quarter, now holding 147,410 shares worth approximately $747,000.
• Wall Street analysts have varying opinions on VTEX, with most recent target prices ranging from $7.30 to $10.00 and an average rating of "Moderate Buy."
• VTEX reported earnings of $0.01 per share for the last quarter, exceeding estimates, with revenue of $54.20 million, indicating positive growth prospects.

New York State Common Retirement Fund boosted its position in shares of VTEX (NYSE:VTEX - Free Report) by 41.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,410 shares of the company's stock after purchasing an additional 43,259 shares during the period. New York State Common Retirement Fund owned 0.08% of VTEX worth $747,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VTEX. State of Wyoming acquired a new stake in shares of VTEX in the fourth quarter worth about $45,000. Occudo Quantitative Strategies LP acquired a new position in shares of VTEX during the 4th quarter worth about $81,000. Graham Capital Management L.P. acquired a new position in shares of VTEX during the 4th quarter worth about $101,000. Neuberger Berman Group LLC lifted its position in shares of VTEX by 47.7% during the 4th quarter. Neuberger Berman Group LLC now owns 22,131 shares of the company's stock worth $130,000 after purchasing an additional 7,145 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of VTEX by 15.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company's stock worth $157,000 after purchasing an additional 3,644 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VTEX shares. JPMorgan Chase & Co. boosted their price objective on VTEX from $6.50 to $7.50 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Jefferies Financial Group assumed coverage on VTEX in a report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 price target for the company. Citigroup assumed coverage on VTEX in a report on Monday, June 23rd. They issued a "buy" rating and a $10.00 price target for the company. Wall Street Zen cut VTEX from a "buy" rating to a "hold" rating in a report on Saturday. Finally, UBS Group cut their price target on VTEX from $11.00 to $10.00 and set a "buy" rating for the company in a report on Friday, June 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $8.70.

VTEX Trading Up 0.1%

VTEX stock opened at $6.29 on Friday. VTEX has a 1-year low of $4.20 and a 1-year high of $8.03. The firm has a market cap of $1.15 billion, a P/E ratio of 69.84 and a beta of 1.35. The business's 50 day moving average is $6.44 and its 200-day moving average is $5.85. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.01.

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, beating the consensus estimate of ($0.01) by $0.02. VTEX had a return on equity of 6.03% and a net margin of 6.70%. The company had revenue of $54.20 million for the quarter, compared to analyst estimates of $52.81 million. Equities analysts anticipate that VTEX will post 0.08 earnings per share for the current fiscal 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.

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