VTEX (NYSE:VTEX) Given New $9.00 Price Target at JPMorgan Chase & Co.

VTEX (NYSE:VTEX) had its price target reduced by JPMorgan Chase & Co. from $9.50 to $9.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

VTEX has been the subject of several other reports. Citigroup started coverage on VTEX in a report on Thursday, December 5th. They issued a “neutral” rating and a $6.70 target price for the company. UBS Group reduced their price objective on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research note on Friday, December 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, VTEX presently has an average rating of “Moderate Buy” and a consensus price target of $9.74.

VTEX Trading Down 1.0 %

Shares of NYSE:VTEX opened at $5.89 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of 98.18 and a beta of 1.33. The stock’s fifty day simple moving average is $6.22 and its two-hundred day simple moving average is $6.71. VTEX has a 1-year low of $5.60 and a 1-year high of $9.59.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The company had revenue of $56.00 million for the quarter, compared to analyst estimates of $57.20 million. During the same period last year, the firm earned ($0.01) earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts forecast that VTEX will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VTEX

Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of VTEX by 15.9% during the 2nd quarter. Renaissance Technologies LLC now owns 938,800 shares of the company’s stock valued at $6,816,000 after buying an additional 129,100 shares during the last quarter. State Street Corp boosted its position in VTEX by 51.8% during the third quarter. State Street Corp now owns 806,221 shares of the company’s stock worth $5,998,000 after purchasing an additional 275,024 shares during the period. Fourth Sail Capital LP increased its stake 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 worth $22,497,000 after purchasing an additional 1,721,568 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of VTEX by 2,128.1% in the third quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock valued at $4,144,000 after purchasing an additional 533,163 shares during the period. Finally, AMS Capital Ltda lifted its stake in shares of VTEX by 12.9% during the 3rd quarter. AMS Capital Ltda now owns 726,443 shares of the company’s stock valued at $5,405,000 after buying an additional 83,096 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.