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

Nuveen Asset Management LLC lifted its position in shares of VTEX (NYSE:VTEX - Free Report) by 1,082.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 876,508 shares of the company's stock after acquiring an additional 802,381 shares during the period. Nuveen Asset Management LLC owned approximately 0.48% of VTEX worth $5,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in VTEX by 15.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company's stock valued at $157,000 after acquiring an additional 3,644 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in VTEX in the 4th quarter valued at approximately $33,000. Employees Retirement System of Texas increased its position in VTEX by 15.1% in the 4th quarter. Employees Retirement System of Texas now owns 52,238 shares of the company's stock valued at $308,000 after acquiring an additional 6,836 shares during the period. Neuberger Berman Group LLC increased its position in VTEX by 47.7% in the 4th quarter. Neuberger Berman Group LLC now owns 22,131 shares of the company's stock valued at $130,000 after acquiring an additional 7,145 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in VTEX in the 4th quarter valued at approximately $59,000. Institutional investors own 63.69% of the company's stock.

VTEX Price Performance

Shares of VTEX traded down $0.02 during trading hours on Monday, hitting $6.40. 813,233 shares of the stock were exchanged, compared to its average volume of 638,450. The firm has a market capitalization of $1.17 billion, a P/E ratio of 106.60 and a beta of 1.29. The business has a 50-day moving average of $5.49 and a 200-day moving average of $5.75. VTEX has a fifty-two week low of $4.20 and a fifty-two week high of $8.03.

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

Analysts Set New Price Targets

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

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.