VTEX (NYSE:VTEX - Get Free Report)'s share price gapped up prior to trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $6.50 to $7.50. The stock had previously closed at $6.19, but opened at $6.61. JPMorgan Chase & Co. currently has an overweight rating on the stock. VTEX shares last traded at $6.51, with a volume of 323,177 shares trading hands.
Several other equities analysts also recently issued reports on VTEX. Wall Street Zen downgraded shares of VTEX from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Jefferies Financial Group initiated coverage on VTEX in a research report on Thursday, May 22nd. They set a "hold" rating and a $7.30 target price for the company. 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 presently has an average rating of "Hold" and a consensus target price of $8.13.
Check Out Our Latest Research Report on VTEX
Institutional Trading of VTEX
A number of large investors have recently bought and sold shares of VTEX. AMS Capital Ltda grew its stake in VTEX by 54.4% during the fourth quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock worth $6,605,000 after purchasing an additional 395,030 shares during the period. New York State Common Retirement Fund increased its stake in shares of VTEX by 16.8% in the 4th quarter. New York State Common Retirement Fund now owns 104,151 shares of the company's stock valued at $613,000 after acquiring an additional 14,986 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in VTEX during the fourth quarter worth $59,000. Raymond James Financial Inc. acquired a new stake in VTEX in the fourth quarter worth $399,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in VTEX in the fourth quarter valued at $33,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.
VTEX Price Performance
The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 107.18 and a beta of 1.29. The firm's fifty day moving average price is $5.46 and its two-hundred day moving average price is $5.77.
VTEX (NYSE:VTEX - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The business had revenue of $54.20 million during the quarter, compared to analyst estimates of $52.81 million. On average, equities research analysts anticipate that VTEX will post 0.08 earnings per share for the current year.
About VTEX
(
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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.
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