VTEX (NYSE:VTEX) Shares Up 4.3% - What's Next?

VTEX (NYSE:VTEX - Get Free Report) shares shot up 4.3% during trading on Thursday . The company traded as high as $6.04 and last traded at $6.03. 152,517 shares were traded during trading, a decline of 69% from the average session volume of 489,938 shares. The stock had previously closed at $5.78.

Wall Street Analysts Forecast Growth

Separately, Citigroup initiated coverage on VTEX in a research report on Thursday, December 5th. They set a "neutral" rating and a $6.70 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.78.

VTEX Price Performance

The company has a fifty day moving average price of $6.56 and a 200 day moving average price of $6.81. The stock has a market cap of $1.07 billion, a P/E ratio of 97.35 and a beta of 1.34.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The firm had revenue of $56.00 million for the quarter, compared to analyst estimates of $57.20 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. As a group, sell-side analysts expect that VTEX will post 0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

Several institutional investors have recently bought and sold shares of VTEX. Renaissance Technologies LLC boosted its holdings in shares of VTEX by 15.9% in the 2nd quarter. Renaissance Technologies LLC now owns 938,800 shares of the company's stock worth $6,816,000 after buying an additional 129,100 shares during the last quarter. Fourth Sail Capital LP raised its holdings 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 worth $22,497,000 after purchasing an additional 1,721,568 shares during the period. Acadian Asset Management LLC lifted its stake in VTEX by 23.0% in the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company's stock valued at $12,233,000 after purchasing an additional 315,507 shares during the last quarter. Janus Henderson Group PLC grew its holdings in VTEX by 2,128.1% during the third quarter. Janus Henderson Group PLC now owns 558,216 shares of the company's stock valued at $4,144,000 after purchasing an additional 533,163 shares during the period. Finally, AMS Capital Ltda raised its stake in shares of VTEX by 12.9% in the third quarter. AMS Capital Ltda now owns 726,443 shares of the company's stock valued at $5,405,000 after buying an additional 83,096 shares during the period. Institutional investors own 63.69% of the company's stock.

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.