TimesSquare Capital Management LLC bought a new stake in shares of VTEX (NYSE:VTEX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 130,400 shares of the company's stock, valued at approximately $661,000. TimesSquare Capital Management LLC owned 0.07% of VTEX as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of VTEX. Raymond James Financial Inc. bought a new position in shares of VTEX during the 4th quarter valued at approximately $399,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of VTEX by 120.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,389 shares of the company's stock valued at $314,000 after buying an additional 29,218 shares in the last quarter. Sei Investments Co. lifted its stake in shares of VTEX by 50.4% during the 4th quarter. Sei Investments Co. now owns 280,193 shares of the company's stock valued at $1,650,000 after buying an additional 93,873 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of VTEX during the 4th quarter valued at approximately $446,000. Finally, Artisan Partners Limited Partnership lifted its stake in shares of 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 buying an additional 106,920 shares in the last quarter. 63.69% of the stock is owned by institutional investors.
VTEX Price Performance
NYSE VTEX traded down $0.29 on Friday, hitting $6.48. The stock had a trading volume of 460,156 shares, compared to its average volume of 730,615. VTEX has a 52-week low of $4.20 and a 52-week high of $8.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.39 and a current ratio of 3.39. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 71.95 and a beta of 1.35. The firm has a 50-day moving average of $6.44 and a 200-day moving average of $5.84.
VTEX (NYSE:VTEX - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. VTEX had a net margin of 6.70% and a return on equity of 6.03%. The business had revenue of $54.20 million for the quarter, compared to analysts' expectations of $52.81 million. Equities analysts expect that VTEX will post 0.08 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of VTEX from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Citigroup assumed coverage on shares of VTEX in a research note on Monday, June 23rd. They set a "buy" rating and a $10.00 price target on the stock. UBS Group dropped their price target on shares of VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. JPMorgan Chase & Co. upped their price target on shares of VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Finally, Jefferies Financial Group assumed coverage on shares of VTEX in a research note on Thursday, May 22nd. They set a "hold" rating and a $7.30 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $8.70.
Read Our Latest Report on VTEX
About VTEX
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Free Report)
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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