VTEX (NYSE:VTEX) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of VTEX (NYSE:VTEXFree Report) from a neutral rating to an overweight rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm currently has $9.00 price objective on the stock.

A number of other research firms have also issued reports on VTEX. UBS Group boosted their target price on VTEX from $8.50 to $12.00 and gave the company a buy rating in a report on Monday, March 25th. Piper Sandler boosted their target price on VTEX from $9.00 to $10.00 and gave the company an overweight rating in a report on Wednesday, February 28th. Finally, Bank of America boosted their target price on VTEX from $8.50 to $12.00 and gave the company a buy rating in a report on Monday, January 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $8.79.

Check Out Our Latest Analysis on VTEX

VTEX Trading Up 11.9 %

Shares of VTEX stock opened at $7.33 on Tuesday. The stock’s 50-day moving average price is $8.02 and its 200 day moving average price is $7.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.42. VTEX has a 52-week low of $3.76 and a 52-week high of $9.59.

VTEX (NYSE:VTEXGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $52.60 million for the quarter, compared to analyst estimates of $53.45 million. VTEX had a negative return on equity of 3.32% and a negative net margin of 3.87%. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Analysts predict that VTEX will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of VTEX

A number of institutional investors have recently added to or reduced their stakes in the stock. Fourth Sail Capital LP purchased a new position in VTEX in the fourth quarter valued at about $22,122,000. Acadian Asset Management LLC grew its holdings in shares of VTEX by 242.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,373,698 shares of the company’s stock worth $11,192,000 after acquiring an additional 972,534 shares during the period. Absoluto Partners Gestao de Recursos Ltda purchased a new position in VTEX in the 4th quarter valued at approximately $7,899,000. Russell Investments Group Ltd. increased its stake in VTEX by 153.4% in the 1st quarter. Russell Investments Group Ltd. now owns 913,774 shares of the company’s stock valued at $7,468,000 after purchasing an additional 553,193 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in VTEX by 1,856.3% during the first quarter. Sei Investments Co. now owns 247,869 shares of the company’s stock worth $2,025,000 after purchasing an additional 235,199 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About VTEX

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for VTEX (NYSE:VTEX)

Receive News & Ratings for VTEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VTEX and related companies with MarketBeat.com's FREE daily email newsletter.