Shares of VTEX (NYSE:VTEX - Get Free Report) rose 4.9% during mid-day trading on Thursday . The stock traded as high as $4.80 and last traded at $4.83. Approximately 144,151 shares were traded during trading, a decline of 82% from the average daily volume of 800,139 shares. The stock had previously closed at $4.60.
Analyst Ratings Changes
VTEX has been the subject of several research reports. Citigroup initiated coverage on VTEX in a report on Thursday, December 5th. They set a "neutral" rating and a $6.70 price objective for the company. JPMorgan Chase & Co. reduced their price objective on VTEX from $9.50 to $9.00 and set an "overweight" rating for the company in a report on Friday, January 10th. Finally, UBS Group cut their price target on VTEX from $12.50 to $11.00 and set a "buy" rating for the company in a report on Friday, December 20th.
Check Out Our Latest Stock Report on VTEX
VTEX Stock Down 5.3 %
The company has a market capitalization of $808.80 million, a price-to-earnings ratio of 73.26 and a beta of 1.41. The stock has a fifty day moving average price of $5.96 and a two-hundred day moving average price of $6.43.
Hedge Funds Weigh In On VTEX
A number of institutional investors have recently made changes to their positions in the stock. Quarry LP raised its holdings in shares of VTEX by 105.7% in the third 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in VTEX by 15.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company's stock valued at $157,000 after purchasing an additional 3,644 shares during the last quarter. Barclays PLC acquired a new position in VTEX in the third quarter valued at $35,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in VTEX in the fourth quarter valued at $33,000. Finally, Point72 Asset Management L.P. increased its stake in VTEX by 22.2% in the fourth quarter. Point72 Asset Management L.P. now owns 32,200 shares of the company's stock valued at $190,000 after purchasing an additional 5,845 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.
VTEX Company Profile
(
Get Free Report)
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.
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