VTEX (NYSE:VTEX - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.45 and last traded at $4.96, with a volume of 15033 shares. The stock had previously closed at $5.99.
Analyst Upgrades and Downgrades
VTEX has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on VTEX from $9.50 to $9.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. UBS Group cut their target price on VTEX from $12.50 to $11.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Finally, Citigroup started coverage on VTEX in a research note on Thursday, December 5th. They issued a "neutral" rating and a $6.70 target price for the company.
Read Our Latest Research Report on VTEX
VTEX Stock Performance
The business has a 50-day moving average of $6.12 and a 200-day moving average of $6.57. The stock has a market capitalization of $887.93 million, a price-to-earnings ratio of 80.43 and a beta of 1.36.
Institutional Trading of VTEX
Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP increased its position in shares of VTEX by 105.7% during the 3rd quarter. Quarry LP now owns 3,637 shares of the company's stock worth $27,000 after purchasing an additional 1,869 shares during the last quarter. Barclays PLC purchased a new position in VTEX during the 3rd quarter valued at about $35,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in VTEX during the 4th quarter valued at about $33,000. State of Wyoming purchased a new position in VTEX during the 4th quarter valued at about $45,000. Finally, SBI Securities Co. Ltd. purchased a new position in VTEX during the 4th quarter valued at about $59,000. 63.69% of the stock is owned by institutional investors and hedge funds.
VTEX Company Profile
(
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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.
Further Reading
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