VTEX (NYSE:VTEX) Shares Gap Up Following Analyst Upgrade

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.

Other research analysts also recently issued research reports about the stock. 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 target price for the company. Wall Street Zen downgraded shares of VTEX from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, VTEX currently has an average rating of "Hold" and a consensus price target of $8.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC grew its position in shares of VTEX by 1.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,005,818 shares of the company's stock valued at $15,203,000 after acquiring an additional 29,804 shares during the period. Jane Street Group LLC grew its position in shares of VTEX by 1,570.1% in the 1st quarter. Jane Street Group LLC now owns 187,146 shares of the company's stock valued at $949,000 after acquiring an additional 175,940 shares during the period. Goldman Sachs Group Inc. grew its position in shares of VTEX by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company's stock valued at $1,119,000 after acquiring an additional 84,189 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of VTEX by 37.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company's stock valued at $187,000 after acquiring an additional 10,110 shares during the period. Finally, Trexquant Investment LP grew its position in shares of VTEX by 11.3% in the 1st quarter. Trexquant Investment LP now owns 536,977 shares of the company's stock valued at $2,722,000 after acquiring an additional 54,421 shares during the period. Institutional investors own 63.69% of the company's stock.

VTEX Stock Performance

The firm has a market cap of $1.18 billion, a P/E ratio of 107.18 and a beta of 1.29. The firm's fifty day moving average is $5.49 and its 200 day moving average is $5.77.

VTEX (NYSE:VTEX - Get Free Report) last announced 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. The business had revenue of $54.20 million during the quarter, compared to the consensus estimate of $52.81 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. As a group, equities research analysts forecast that VTEX will post 0.08 EPS for the current year.

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.