VTEX (NYSE:VTEX) Given New $11.00 Price Target at UBS Group

VTEX (NYSE:VTEX - Get Free Report) had its price target lowered by research analysts at UBS Group from $12.50 to $11.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price target points to a potential upside of 93.66% from the stock's previous close.

Separately, Citigroup began coverage on VTEX in a research note on Thursday, December 5th. They issued a "neutral" rating and a $6.70 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.62.

VTEX Stock Performance

VTEX stock traded down $0.16 during trading on Friday, reaching $5.68. 736,054 shares of the company were exchanged, compared to its average volume of 494,567. The stock's 50 day moving average price is $6.51 and its 200 day moving average price is $6.80. VTEX has a 52-week low of $5.66 and a 52-week high of $9.59. The company has a market cap of $1.05 billion, a P/E ratio of 94.68 and a beta of 1.34.

VTEX (NYSE:VTEX - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $56.00 million during the quarter, compared to the consensus estimate of $57.20 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted ($0.01) EPS. As a group, equities research analysts forecast that VTEX will post 0.09 EPS for the current year.

Institutional Trading of VTEX

A number of institutional investors and hedge funds have recently made changes to their positions in VTEX. Quarry LP increased its holdings in shares of VTEX by 105.7% in the 3rd 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. Employees Retirement System of Texas raised its holdings in shares of VTEX by 16.3% during the second quarter. Employees Retirement System of Texas now owns 26,212 shares of the company's stock valued at $190,000 after buying an additional 3,668 shares during the last quarter. Barclays PLC acquired a new position in shares of VTEX during the third quarter worth approximately $35,000. nVerses Capital LLC bought a new position in VTEX in the 2nd quarter worth approximately $40,000. Finally, MQS Management LLC acquired a new stake in VTEX in the 3rd quarter valued at approximately $91,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

About VTEX

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.