JPMorgan Chase & Co. Issues Positive Forecast for VTEX (NYSE:VTEX) Stock Price

VTEX (NYSE:VTEX - Get Free Report) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $6.50 to $7.50 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 16.64% from the stock's previous close.

A number of other research firms have also recently issued reports on VTEX. Jefferies Financial Group began coverage on shares of VTEX in a research report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 price objective on the stock. Wall Street Zen cut VTEX from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $8.13.

VTEX Trading Up 0.3%

Shares of NYSE:VTEX traded up $0.02 on Tuesday, reaching $6.43. 962,918 shares of the company traded hands, compared to its average volume of 636,818. The stock has a market capitalization of $1.18 billion, a P/E ratio of 107.18 and a beta of 1.29. VTEX has a 52 week low of $4.20 and a 52 week high of $8.03. The business's 50-day simple moving average is $5.49 and its 200 day simple moving average is $5.77.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in VTEX in the fourth quarter worth $33,000. State of Wyoming bought a new position in shares of VTEX in the 4th quarter worth about $45,000. SBI Securities Co. Ltd. purchased a new position in VTEX during the 4th quarter valued at about $59,000. Occudo Quantitative Strategies LP bought a new stake in VTEX during the fourth quarter worth about $81,000. Finally, Graham Capital Management L.P. purchased a new stake in VTEX in the fourth quarter worth about $101,000. 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.