JPMorgan Chase & Co. Has Lowered Expectations for VTEX (NYSE:VTEX) Stock Price

VTEX (NYSE:VTEX - Free Report) had its price target cut by JPMorgan Chase & Co. from $9.00 to $6.50 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Separately, UBS Group cut their price target on VTEX from $12.50 to $11.00 and set a "buy" rating on the stock in a report on Friday, December 20th.

VTEX Stock Performance

Shares of NYSE VTEX traded up $0.13 during trading on Tuesday, hitting $5.00. 523,903 shares of the company traded hands, compared to its average volume of 600,146. The firm has a market capitalization of $913.08 million, a price-to-earnings ratio of 83.26 and a beta of 1.30. The business's fifty day moving average is $5.12 and its 200 day moving average is $5.98. VTEX has a fifty-two week low of $4.20 and a fifty-two week high of $8.24.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VTEX. Bank Julius Baer & Co. Ltd Zurich purchased a new position in VTEX in the fourth quarter worth $33,000. Barclays PLC bought a new stake in VTEX in the 3rd quarter worth $35,000. State of Wyoming purchased a new position in VTEX during the 4th quarter valued at about $45,000. SBI Securities Co. Ltd. bought a new position in shares of VTEX during the fourth quarter valued at approximately $59,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of VTEX in the 4th quarter worth about $81,000. Institutional investors own 63.69% of the company's stock.

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.