VTEX (NYSE:VTEX - Get Free Report)'s stock price traded up 6.8% during trading on Wednesday . The company traded as high as $6.87 and last traded at $6.84. 802,364 shares were traded during mid-day trading, an increase of 21% from the average session volume of 663,610 shares. The stock had previously closed at $6.40.
Wall Street Analysts Forecast Growth
VTEX has been the topic of a number of analyst reports. Citigroup began coverage on VTEX in a report on Thursday, December 5th. They issued a "neutral" rating and a $6.70 price objective on the stock. UBS Group decreased their price target on VTEX from $12.50 to $11.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. reduced their target price on VTEX from $9.50 to $9.00 and set an "overweight" rating for the company in a report on Friday, January 10th.
Get Our Latest Analysis on VTEX
VTEX Trading Down 4.2 %
The business has a 50 day simple moving average of $6.18 and a two-hundred day simple moving average of $6.62. The company has a market cap of $1.18 billion, a PE ratio of 107.27 and a beta of 1.36.
Hedge Funds Weigh In On VTEX
Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP lifted its holdings in VTEX by 105.7% in the 3rd quarter. Quarry LP now owns 3,637 shares of the company's stock worth $27,000 after buying an additional 1,869 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of VTEX during the 4th quarter valued at approximately $33,000. Barclays PLC bought a new stake in VTEX during the third quarter valued at $35,000. State of Wyoming acquired a new stake in VTEX during the fourth quarter worth about $45,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of VTEX during the fourth quarter valued at approximately $59,000. 63.69% of the stock is owned by institutional investors and hedge funds.
About VTEX
(
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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.
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