VTEX (NYSE:VTEX) Shares Up 4.3% – What’s Next?

VTEX (NYSE:VTEX)’s stock price rose 4.3% during trading on Thursday . The stock traded as high as $6.04 and last traded at $6.03. Approximately 152,517 shares were traded during trading, a decline of 69% from the average daily volume of 489,938 shares. The stock had previously closed at $5.78.

Analyst Upgrades and Downgrades

VTEX has been the topic of several research reports. UBS Group cut their target price on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup began coverage on shares of VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price target for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, VTEX presently has an average rating of “Moderate Buy” and an average target price of $9.62.

VTEX Stock Down 2.7 %

The company’s 50-day moving average price is $6.51 and its 200-day moving average price is $6.80. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 94.68 and a beta of 1.34.

VTEX (NYSE:VTEX) last announced its earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $56.00 million during the quarter, compared to analysts’ expectations of $57.20 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Analysts predict that VTEX will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VTEX. Fourth Sail Capital LP grew its holdings in shares of VTEX by 125.0% in the second quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock valued at $22,497,000 after purchasing an additional 1,721,568 shares during the period. Janus Henderson Group PLC increased its stake in VTEX by 2,128.1% during the third quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock worth $4,144,000 after acquiring an additional 533,163 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of VTEX by 34.1% in the 2nd quarter. American Century Companies Inc. now owns 1,329,824 shares of the company’s stock valued at $9,655,000 after purchasing an additional 338,527 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in VTEX in the 3rd quarter valued at about $2,518,000. Finally, Acadian Asset Management LLC lifted its position in VTEX by 23.0% in the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock valued at $12,233,000 after buying an additional 315,507 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.