VTEX (NYSE:VTEX – Get Free Report) had its price target hoisted by JPMorgan Chase & Co. from $6.50 to $9.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 7.91% from the company’s previous close.
VTEX has been the topic of a number of other reports. Piper Sandler boosted their price objective on VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley upgraded VTEX from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $5.50 to $8.00 in a research note on Friday, January 5th. Finally, Bank of America boosted their price objective on VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.88.
Check Out Our Latest Stock Report on VTEX
VTEX Price Performance
Shares of NYSE VTEX remained flat at $8.34 during trading on Friday. The stock had a trading volume of 160,556 shares, compared to its average volume of 418,650. VTEX has a 1 year low of $3.24 and a 1 year high of $8.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.94. The firm has a 50-day moving average of $7.54 and a 200-day moving average of $6.44. The stock has a market cap of $1.58 billion, a PE ratio of -119.27 and a beta of 1.44.
VTEX (NYSE:VTEX – Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.02 EPS for the quarter. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. The firm had revenue of $60.70 million for the quarter, compared to analysts’ expectations of $57.07 million. The business’s quarterly revenue was up 33.4% compared to the same quarter last year. Analysts expect that VTEX will post 0.02 earnings per share for the current fiscal year.
Hedge Funds Weigh In On VTEX
Several institutional investors have recently modified their holdings of VTEX. Exchange Traded Concepts LLC bought a new position in shares of VTEX during the 4th quarter valued at about $28,000. State of Wyoming bought a new position in shares of VTEX during the 2nd quarter valued at about $34,000. Fox Run Management L.L.C. bought a new position in shares of VTEX during the 3rd quarter valued at about $53,000. UBS Group AG increased its position in shares of VTEX by 137.2% during the 4th quarter. UBS Group AG now owns 14,260 shares of the company’s stock valued at $53,000 after purchasing an additional 8,247 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of VTEX during the 4th quarter valued at about $56,000. 50.07% of the stock is currently 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.
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