Nuveen Asset Management LLC Buys 802,381 Shares of VTEX (NYSE:VTEX)

Nuveen Asset Management LLC boosted its holdings in VTEX (NYSE:VTEX - Free Report) by 1,082.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 876,508 shares of the company's stock after acquiring an additional 802,381 shares during the quarter. Nuveen Asset Management LLC owned about 0.48% of VTEX worth $5,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Millennium Management LLC increased its stake in VTEX by 371.2% in the 4th quarter. Millennium Management LLC now owns 2,599,366 shares of the company's stock worth $15,310,000 after purchasing an additional 2,047,671 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in VTEX by 7.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,463,925 shares of the company's stock valued at $8,623,000 after acquiring an additional 106,920 shares in the last quarter. AMS Capital Ltda grew its stake in VTEX by 54.4% during the 4th quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock valued at $6,605,000 after acquiring an additional 395,030 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of VTEX by 33.6% during the 4th quarter. Janus Henderson Group PLC now owns 745,650 shares of the company's stock valued at $4,397,000 after buying an additional 187,434 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of VTEX by 2.2% during the 4th quarter. Marshall Wace LLP now owns 511,985 shares of the company's stock valued at $3,016,000 after buying an additional 11,042 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VTEX has been the subject of several research reports. Wall Street Zen lowered VTEX from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. boosted their target price on VTEX from $6.50 to $7.50 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. Finally, Jefferies Financial Group started coverage on VTEX in a report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 target price for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $8.13.

VTEX Stock Performance

Shares of NYSE VTEX remained flat at $6.62 during trading hours on Wednesday. The company had a trading volume of 663,906 shares, compared to its average volume of 641,660. The company has a market capitalization of $1.21 billion, a P/E ratio of 110.35 and a beta of 1.36. VTEX has a twelve month low of $4.20 and a twelve month high of $8.03. The stock has a fifty day moving average price of $5.58 and a two-hundred day moving average price of $5.77.

VTEX (NYSE:VTEX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $54.20 million for the quarter, compared to analyst estimates of $52.81 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. Research analysts predict 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.