VTEX (NYSE:VTEX) Now Covered by Analysts at Citigroup

Citigroup initiated coverage on shares of VTEX (NYSE:VTEX - Free Report) in a research note released on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $10.00 price target on the stock.

Several other brokerages also recently issued reports on VTEX. Wall Street Zen raised shares of VTEX from a "hold" rating to a "buy" rating in a research report on Sunday. Jefferies Financial Group began coverage on shares of VTEX in a research report on Thursday, May 22nd. They set a "hold" rating and a $7.30 price target for the company. UBS Group reduced their target price on VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, June 13th. 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 note on Tuesday, May 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $8.70.

VTEX Trading Up 1.2%

Shares of NYSE VTEX traded up $0.08 during trading on Monday, hitting $6.55. 798,100 shares of the company traded hands, compared to its average volume of 663,785. The firm has a market capitalization of $1.20 billion, a P/E ratio of 72.76 and a beta of 1.36. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $6.08 and a 200-day moving average price of $5.79. VTEX has a 1 year low of $4.20 and a 1 year high of $8.03.

VTEX (NYSE:VTEX - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $54.20 million for the quarter, compared to analysts' expectations of $52.81 million. VTEX had a return on equity of 6.03% and a net margin of 6.70%. On average, equities analysts predict that VTEX will post 0.08 EPS for the current year.

Institutional Trading of VTEX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Softbank Group CORP. boosted its stake in VTEX by 93.4% during the 4th quarter. Softbank Group CORP. now owns 38,434,587 shares of the company's stock valued at $226,380,000 after purchasing an additional 18,559,399 shares in the last quarter. Millennium Management LLC lifted its holdings in VTEX by 371.2% in the 4th quarter. Millennium Management LLC now owns 2,599,366 shares of the company's stock valued at $15,310,000 after acquiring an additional 2,047,671 shares during the last quarter. Nuveen LLC bought a new position in shares of VTEX during the 1st quarter valued at about $7,016,000. Polar Capital Holdings Plc boosted its position in shares of VTEX by 21.8% during the 4th quarter. Polar Capital Holdings Plc now owns 5,229,168 shares of the company's stock valued at $30,800,000 after purchasing an additional 936,551 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of VTEX by 1,082.4% in the 4th quarter. Nuveen Asset Management LLC now owns 876,508 shares of the company's stock worth $5,163,000 after purchasing an additional 802,381 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

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.