VTEX (NYSE:VTEX) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of VTEX (NYSE:VTEX - Free Report) from a buy rating to a hold rating in a report released on Saturday morning.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of VTEX from $9.00 to $6.50 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Jefferies Financial Group assumed 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, VTEX currently has an average rating of "Hold" and an average target price of $8.13.

VTEX Stock Down 1.1%

VTEX stock traded down $0.08 during mid-day trading on Friday, reaching $6.46. 352,314 shares of the company's stock were exchanged, compared to its average volume of 631,470. The company has a market cap of $1.18 billion, a P/E ratio of 107.60 and a beta of 1.29. The company has a fifty day moving average of $5.39 and a 200-day moving average of $5.76. VTEX has a twelve month low of $4.20 and a twelve month high of $8.03.

VTEX (NYSE:VTEX - Get Free Report) last announced 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 firm had revenue of $54.20 million for the quarter, compared to analysts' expectations of $52.81 million. Equities research analysts expect that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

Large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its position in shares of VTEX by 1.0% during the first quarter. Acadian Asset Management LLC now owns 3,005,818 shares of the company's stock valued at $15,203,000 after buying an additional 29,804 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of VTEX by 1,570.1% during the 1st quarter. Jane Street Group LLC now owns 187,146 shares of the company's stock worth $949,000 after acquiring an additional 175,940 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of VTEX by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company's stock worth $1,119,000 after buying an additional 84,189 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in VTEX by 37.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company's stock valued at $187,000 after buying an additional 10,110 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in VTEX by 11.3% during the first quarter. Trexquant Investment LP now owns 536,977 shares of the company's stock worth $2,722,000 after purchasing an additional 54,421 shares in the last quarter. 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.