VTEX (NYSE:VTEX) Given Neutral Rating at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed a "neutral" rating for VTEX and lowered its price target from $7.50 to $6.00, indicating a potential upside of 39.66% from the current stock price.
• VTEX shares opened at $4.30 and have seen a trading decline of 27.3%; the stock has a market capitalization of $785.31 million.
• Currently, the consensus rating for VTEX is "Hold" with an average price target of $8.33, while Citigroup and UBS maintain a "buy" rating" at price targets of $10.00 and $10.00, respectively.

VTEX (NYSE:VTEX - Get Free Report)'s stock had its "neutral" rating restated by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $6.00 price target on the stock, down from their previous price target of $7.50. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 41.01% from the company's current price.

A number of other equities analysts have also weighed in on the company. UBS Group lowered their price objective on VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. Jefferies Financial Group initiated coverage on shares of VTEX in a report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 price objective for the company. Citigroup began coverage on shares of VTEX in a research note on Monday, June 23rd. They set a "buy" rating and a $10.00 target price on the stock. Finally, Wall Street Zen cut shares of VTEX from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $8.33.

VTEX Price Performance

VTEX traded up $0.07 on Friday, reaching $4.26. 1,340,864 shares of the company's stock were exchanged, compared to its average volume of 929,576. The stock has a market cap of $777.81 million, a PE ratio of 53.19 and a beta of 1.34. VTEX has a twelve month low of $4.07 and a twelve month high of $8.03. The stock's fifty day moving average price is $6.29 and its 200-day moving average price is $5.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.39 and a quick ratio of 3.39.

VTEX (NYSE:VTEX - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. The business had revenue of $58.80 million for the quarter, compared to analyst estimates of $60.35 million. VTEX had a net margin of 5.80% and a return on equity of 5.25%. Sell-side analysts expect that VTEX will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in VTEX during the 4th quarter worth about $248,000. Softbank Group CORP. lifted its position in shares of VTEX by 93.4% during the fourth quarter. Softbank Group CORP. now owns 38,434,587 shares of the company's stock worth $226,380,000 after purchasing an additional 18,559,399 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of VTEX in the first quarter valued at approximately $661,000. AMS Capital Ltda boosted its stake in shares of VTEX by 51.5% in the first quarter. AMS Capital Ltda now owns 1,699,053 shares of the company's stock valued at $8,614,000 after purchasing an additional 577,580 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of VTEX by 41.5% in the first quarter. New York State Common Retirement Fund now owns 147,410 shares of the company's stock valued at $747,000 after purchasing an additional 43,259 shares in the last quarter. 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.