VTEX (NYSE:VTEX) Stock Rating Lowered by Wall Street Zen

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

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group assumed coverage on shares of VTEX in a research note on Thursday, May 22nd. They set a "hold" rating and a $7.30 price target for the company. JPMorgan Chase & Co. decreased their target price on VTEX from $9.00 to $6.50 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, VTEX presently has a consensus rating of "Hold" and an average target price of $8.13.

VTEX Trading Up 5.8%

Shares of VTEX stock traded up $0.36 during trading on Friday, hitting $6.55. The company's stock had a trading volume of 2,598,530 shares, compared to its average volume of 632,553. The business has a fifty day moving average of $5.36 and a 200-day moving average of $5.76. The company has a market cap of $1.20 billion, a PE ratio of 109.18 and a beta of 1.29. VTEX has a 52 week low of $4.20 and a 52 week high of $8.03.

VTEX (NYSE:VTEX - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) 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 analyst estimates of $52.81 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. As a group, research analysts predict that VTEX will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VTEX. Acadian Asset Management LLC raised its holdings in VTEX by 1.0% during 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 first quarter. Jane Street Group LLC now owns 187,146 shares of the company's stock valued at $949,000 after purchasing an additional 175,940 shares in the last quarter. Goldman Sachs Group Inc. raised its stake 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 valued at $1,119,000 after purchasing an additional 84,189 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of VTEX by 37.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company's stock valued at $187,000 after purchasing an additional 10,110 shares during the period. Finally, Trexquant Investment LP lifted its holdings in VTEX by 11.3% during the 1st 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. 63.69% of the stock is owned by institutional investors.

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.