Jefferies Financial Group Initiates Coverage on VTEX (NYSE:VTEX)

Stock analysts at Jefferies Financial Group began coverage on shares of VTEX (NYSE:VTEX - Get Free Report) in a research note issued on Thursday,Benzinga reports. The brokerage set a "hold" rating and a $7.30 price target on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 18.60% from the stock's current price.

Separately, JPMorgan Chase & Co. cut their target price on shares of VTEX from $9.00 to $6.50 and set an "overweight" rating for the company in a research note on Tuesday, April 15th.

VTEX Price Performance

Shares of VTEX stock opened at $6.16 on Thursday. The stock's fifty day simple moving average is $5.29 and its 200 day simple moving average is $5.78. VTEX has a one year low of $4.20 and a one year high of $8.03. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 102.60 and a beta of 1.29.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VTEX. Bank Julius Baer & Co. Ltd Zurich bought a new stake in VTEX during the 4th quarter worth about $33,000. Barclays PLC acquired a new position in shares of VTEX during the third quarter worth approximately $35,000. State of Wyoming bought a new stake in shares of VTEX during the fourth quarter valued at approximately $45,000. SBI Securities Co. Ltd. acquired a new stake in shares of VTEX in the fourth quarter valued at approximately $59,000. Finally, Occudo Quantitative Strategies LP bought a new position in VTEX in the 4th quarter worth approximately $81,000. 63.69% of the stock is owned by institutional investors.

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.

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