VTEX (NYSE:VTEX) Price Target Cut to $10.00 by Analysts at UBS Group

VTEX (NYSE:VTEX - Get Free Report) had its target price reduced by investment analysts at UBS Group from $11.00 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price objective would indicate a potential upside of 54.08% from the company's previous close.

Several other analysts have also weighed in on VTEX. 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 target price on the stock. Wall Street Zen upgraded shares of VTEX from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, VTEX currently has an average rating of "Moderate Buy" and an average target price of $7.88.

VTEX Stock Performance

Shares of NYSE:VTEX traded down $0.16 on Friday, hitting $6.49. 1,061,952 shares of the company were exchanged, compared to its average volume of 652,092. The company's 50 day moving average price is $5.78 and its two-hundred day moving average price 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 capitalization of $1.19 billion, a price-to-earnings ratio of 108.18 and a beta of 1.36.

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

Institutional Trading of VTEX

Institutional investors have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of VTEX during the 4th quarter valued at about $33,000. State of Wyoming acquired a new position in VTEX in the fourth quarter valued at about $45,000. SBI Securities Co. Ltd. acquired a new position in VTEX in the fourth quarter valued at about $59,000. Occudo Quantitative Strategies LP acquired a new position in VTEX in the fourth quarter valued at about $81,000. Finally, Graham Capital Management L.P. acquired a new position in VTEX in the fourth quarter valued at about $101,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.