Bank of Montreal Can Invests $887,000 in VTEX (NYSE:VTEX)

Bank of Montreal Can bought a new position in VTEX (NYSE:VTEX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 121,310 shares of the company's stock, valued at approximately $887,000. Bank of Montreal Can owned approximately 0.07% of VTEX as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fourth Sail Capital LP raised its stake in shares of VTEX by 125.0% in the 2nd quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company's stock valued at $22,497,000 after acquiring an additional 1,721,568 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of VTEX by 242.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,373,698 shares of the company's stock worth $11,192,000 after buying an additional 972,534 shares during the period. Russell Investments Group Ltd. grew 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 buying an additional 553,193 shares during the last quarter. American Century Companies Inc. raised its holdings 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 acquiring an additional 338,527 shares during the period. Finally, Sei Investments Co. lifted its position in VTEX by 1,856.3% during the 1st quarter. Sei Investments Co. now owns 247,869 shares of the company's stock worth $2,025,000 after acquiring an additional 235,199 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price target on VTEX from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, VTEX presently has a consensus rating of "Buy" and a consensus target price of $10.40.

VTEX Stock Performance

Shares of NYSE:VTEX traded up $0.20 on Tuesday, hitting $7.39. 276,595 shares of the company were exchanged, compared to its average volume of 486,938. The company's 50 day moving average price is $7.01 and its two-hundred day moving average price is $7.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.61 and a current ratio of 3.61. VTEX has a one year low of $4.66 and a one year high of $9.59.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. VTEX had a return on equity of 1.36% and a net margin of 1.51%. The firm had revenue of $56.50 million during the quarter, compared to analysts' expectations of $56.45 million. During the same quarter in the prior year, the firm posted ($0.04) EPS. The company's revenue for the quarter was up 18.0% on a year-over-year basis. As a group, sell-side analysts forecast that VTEX will post 0.07 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.