VTEX (NYSE:VTEX) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in VTEX (NYSE:VTEX - Free Report) by 31.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 490,234 shares of the company's stock after buying an additional 116,895 shares during the quarter. JPMorgan Chase & Co. owned about 0.27% of VTEX worth $3,647,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of VTEX. Quarry LP increased its stake in shares of VTEX by 105.7% during the third quarter. Quarry LP now owns 3,637 shares of the company's stock worth $27,000 after acquiring an additional 1,869 shares during the period. Barclays PLC acquired a new position in VTEX during the 3rd quarter worth approximately $35,000. MQS Management LLC purchased a new position in shares of VTEX during the 3rd quarter worth approximately $91,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of VTEX in the 3rd quarter valued at approximately $134,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of VTEX in the third quarter valued at approximately $165,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of VTEX from $9.50 to $9.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th. UBS Group lowered their target price on VTEX from $12.50 to $11.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Finally, Citigroup started coverage on shares of VTEX in a research report on Thursday, December 5th. They issued a "neutral" rating and a $6.70 price objective for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, VTEX currently has an average rating of "Moderate Buy" and an average price target of $9.74.

VTEX Trading Up 0.3 %

Shares of NYSE VTEX traded up $0.02 on Friday, reaching $6.01. 479,761 shares of the company traded hands, compared to its average volume of 592,008. The stock has a market capitalization of $1.11 billion, a PE ratio of 100.10 and a beta of 1.33. VTEX has a fifty-two week low of $5.60 and a fifty-two week high of $9.59. The company has a 50 day moving average of $6.14 and a 200 day moving average of $6.67.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The firm had revenue of $56.00 million during the quarter, compared to the consensus estimate of $57.20 million. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, research analysts expect that VTEX will post 0.08 earnings per share for the current year.

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.