VTEX (NYSE:VTEX) Shares Gap Up to $6.55

VTEX (NYSE:VTEX - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $6.55, but opened at $6.97. VTEX shares last traded at $6.97, with a volume of 97,128 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of VTEX from $8.50 to $12.00 and gave the company a "buy" rating in a report on Monday, March 25th. Piper Sandler lifted their target price on shares of VTEX from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Wednesday, February 28th. Bank of America lifted their target price on shares of VTEX from $8.50 to $12.00 and gave the company a "buy" rating in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. raised shares of VTEX from a "neutral" rating to an "overweight" rating and set a $9.00 target price on the stock in a report on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $8.79.

VTEX Trading Up 11.9 %

The stock has a market cap of $1.35 billion, a PE ratio of -176.25 and a beta of 1.41. The business's fifty day moving average is $8.04 and its 200 day moving average is $7.44. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. The firm had revenue of $52.60 million for the quarter, compared to the consensus estimate of $53.45 million. VTEX had a negative net margin of 3.87% and a negative return on equity of 3.32%. The firm's revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. As a group, analysts predict that VTEX will post -0.03 earnings per share for the current year.

Institutional Trading of VTEX

Several institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC lifted its holdings in shares of VTEX by 242.4% in the first quarter. Acadian Asset Management LLC now owns 1,373,698 shares of the company's stock valued at $11,192,000 after purchasing an additional 972,534 shares in the last quarter. Banco BTG Pactual S.A. lifted its holdings in shares of VTEX by 102.6% in the first quarter. Banco BTG Pactual S.A. now owns 118,456 shares of the company's stock valued at $968,000 after purchasing an additional 60,000 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of VTEX by 153.4% in the first quarter. Russell Investments Group Ltd. now owns 913,774 shares of the company's stock valued at $7,468,000 after purchasing an additional 553,193 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of VTEX by 1,856.3% in the first quarter. Sei Investments Co. now owns 247,869 shares of the company's stock valued at $2,025,000 after purchasing an additional 235,199 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of VTEX by 99.2% in the first quarter. GSA Capital Partners LLP now owns 54,454 shares of the company's stock valued at $445,000 after buying an additional 27,112 shares during the last quarter. Hedge funds and other institutional investors 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.