VTEX (NYSE:VTEX) Now Covered by Citigroup

Citigroup started coverage on shares of VTEX (NYSE:VTEX - Free Report) in a research report report published on Thursday, MarketBeat.com reports. The firm issued a neutral rating and a $6.70 price objective on the stock.

Separately, JPMorgan Chase & Co. upped their price objective on shares of VTEX from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.78.

VTEX Stock Performance

VTEX stock remained flat at $6.45 during midday trading on Thursday. 679,483 shares of the company traded hands, compared to its average volume of 464,173. The company's fifty day moving average price is $6.73 and its two-hundred day moving average price is $6.85. VTEX has a 1-year low of $5.72 and a 1-year high of $9.59. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 107.52 and a beta of 1.34.

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

Institutional Investors Weigh In On VTEX

Institutional investors and hedge funds have recently made changes to their positions in the business. Fourth Sail Capital LP grew its position in VTEX by 125.0% in the 2nd 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. Acadian Asset Management LLC grew its position in VTEX by 23.0% in the 2nd quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company's stock worth $12,233,000 after purchasing an additional 315,507 shares in the last quarter. American Century Companies Inc. grew its position in VTEX by 34.1% in the 2nd quarter. American Century Companies Inc. now owns 1,329,824 shares of the company's stock worth $9,655,000 after purchasing an additional 338,527 shares in the last quarter. Renaissance Technologies LLC grew its position in VTEX by 15.9% in the 2nd quarter. Renaissance Technologies LLC now owns 938,800 shares of the company's stock worth $6,816,000 after purchasing an additional 129,100 shares in the last quarter. Finally, State Street Corp grew its position in VTEX by 51.8% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

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.