VTEX (NYSE:VTEX) Now Covered by Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group initiated coverage on shares of VTEX (NYSE:VTEX - Get Free Report) in a report released on Thursday, Marketbeat.com reports. The firm set a "hold" rating and a $7.30 price target on the stock. Jefferies Financial Group's price objective indicates a potential upside of 9.86% from the company's previous close.

Separately, JPMorgan Chase & Co. lowered their price objective on VTEX from $9.00 to $6.50 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $8.13.

VTEX Trading Up 7.4%

VTEX traded up $0.46 during trading on Thursday, reaching $6.65. 1,363,286 shares of the company were exchanged, compared to its average volume of 627,798. The stock has a market cap of $1.21 billion, a P/E ratio of 110.77 and a beta of 1.29. The firm has a 50 day moving average of $5.36 and a 200 day moving average of $5.76. VTEX has a 52 week low of $4.20 and a 52 week high of $8.03.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in VTEX during the 4th quarter worth $446,000. Sei Investments Co. raised its position in VTEX by 50.4% in the fourth quarter. Sei Investments Co. now owns 280,193 shares of the company's stock worth $1,650,000 after acquiring an additional 93,873 shares in the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in VTEX in the 4th quarter valued at about $412,000. AMS Capital Ltda boosted its position in shares of 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 purchasing an additional 395,030 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of VTEX in the 4th quarter worth approximately $399,000. Institutional investors and hedge funds own 63.69% of the company's stock.

About VTEX

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.