UBS Group Lowers VTEX (NYSE:VTEX) Price Target to $10.00

VTEX (NYSE:VTEX - Get Free Report) had its price objective lowered by equities researchers at UBS Group from $11.00 to $10.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price objective would suggest a potential upside of 50.72% from the company's current price.

Other analysts also recently issued reports about the company. Jefferies Financial Group assumed coverage on VTEX in a research note on Thursday, May 22nd. They issued a "hold" rating and a $7.30 target price for the company. Wall Street Zen raised VTEX from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. upped their target price on VTEX from $6.50 to $7.50 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.88.

VTEX Trading Up 2.7%

NYSE VTEX traded up $0.18 during midday trading on Friday, hitting $6.64. The company had a trading volume of 732,761 shares, compared to its average volume of 824,715. The firm has a 50-day moving average price of $5.82 and a 200-day moving average price of $5.77. The company has a market capitalization of $1.21 billion, a PE ratio of 110.60 and a beta of 1.36. VTEX has a twelve month low of $4.20 and a twelve month high of $8.03.

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

Institutional Trading of VTEX

A number of large investors have recently added to or reduced their stakes in the stock. AMS Capital Ltda boosted its holdings in shares of VTEX by 54.4% in the fourth quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock worth $6,605,000 after acquiring an additional 395,030 shares during the period. New York State Common Retirement Fund increased its stake in VTEX by 16.8% in the 4th quarter. New York State Common Retirement Fund now owns 104,151 shares of the company's stock worth $613,000 after purchasing an additional 14,986 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of VTEX in the fourth quarter valued at about $59,000. Raymond James Financial Inc. purchased a new position in shares of VTEX during the fourth quarter valued at approximately $399,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in VTEX in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

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.