VTEX (NYSE:VTEX) Lowered to "Hold" Rating by Wall Street Zen

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

VTEX has been the subject of several other reports. JPMorgan Chase & Co. reduced their price objective on VTEX from $9.00 to $6.50 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Jefferies Financial Group initiated coverage on VTEX in a report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 target price on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, VTEX has an average rating of "Hold" and an average target price of $8.13.

VTEX Price Performance

NYSE VTEX traded up $0.05 on Friday, reaching $6.43. 514,721 shares of the company's stock traded hands, compared to its average volume of 633,931. VTEX has a 12 month low of $4.20 and a 12 month high of $8.03. The stock has a market cap of $1.18 billion, a PE ratio of 107.18 and a beta of 1.29. The stock has a 50-day simple moving average of $5.46 and a 200 day simple moving average of $5.77.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, topping 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 company had revenue of $54.20 million for the quarter, compared to analysts' expectations of $52.81 million. As a group, analysts anticipate that VTEX will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Softbank Group CORP. raised its stake 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 valued at $226,380,000 after acquiring an additional 18,559,399 shares during the last quarter. Millennium Management LLC raised its stake in VTEX by 371.2% during the fourth quarter. Millennium Management LLC now owns 2,599,366 shares of the company's stock worth $15,310,000 after buying an additional 2,047,671 shares during the last quarter. Nuveen LLC bought a new position in VTEX during the first quarter worth $7,016,000. Polar Capital Holdings Plc raised its stake in VTEX by 21.8% during the fourth quarter. Polar Capital Holdings Plc now owns 5,229,168 shares of the company's stock worth $30,800,000 after buying an additional 936,551 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in VTEX by 1,082.4% during the fourth quarter. Nuveen Asset Management LLC now owns 876,508 shares of the company's stock worth $5,163,000 after buying an additional 802,381 shares during 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.