VTEX (NYSE:VTEX) Price Target Lowered to $9.00 at JPMorgan Chase & Co.

VTEX (NYSE:VTEX) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $9.50 to $9.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 50.00% from the company’s current price.

VTEX has been the subject of a number of other research reports. Citigroup began coverage on shares of VTEX in a research note on Thursday, December 5th. They set a “neutral” rating and a $6.70 target price for the company. UBS Group dropped their price objective on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.74.

VTEX Stock Up 0.8 %

Shares of VTEX stock traded up $0.05 during trading hours on Friday, reaching $6.00. The company’s stock had a trading volume of 154,800 shares, compared to its average volume of 537,733. The firm’s 50 day simple moving average is $6.24 and its 200-day simple moving average is $6.72. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 100.02 and a beta of 1.33. VTEX has a fifty-two week low of $5.60 and a fifty-two week high of $9.59.

VTEX (NYSE:VTEX) last issued its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $56.00 million during the quarter, compared to analysts’ expectations of $57.20 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) EPS. Sell-side analysts predict that VTEX will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in VTEX by 34.1% in the 2nd quarter. American Century Companies Inc. now owns 1,329,824 shares of the company’s stock worth $9,655,000 after acquiring an additional 338,527 shares during the last quarter. Renaissance Technologies LLC grew its stake in 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 in the last quarter. Fourth Sail Capital LP grew its stake in 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 buying an additional 1,721,568 shares in the last quarter. Bank of Montreal Can bought a new position in shares of VTEX in the 2nd quarter worth $887,000. Finally, Squarepoint Ops LLC raised its position in shares of VTEX by 157.0% during the 2nd quarter. Squarepoint Ops LLC now owns 62,004 shares of the company’s stock valued at $450,000 after buying an additional 37,875 shares in the last quarter. 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.