VTEX (NYSE:VTEX) Shares Up 6.2% – Time to Buy?

Shares of VTEX (NYSE:VTEX) rose 6.2% on Tuesday . The company traded as high as $6.55 and last traded at $6.61. Approximately 103,764 shares were traded during trading, a decline of 83% from the average daily volume of 627,686 shares. The stock had previously closed at $6.22.

Analyst Upgrades and Downgrades

VTEX has been the subject of a number of recent analyst reports. Citigroup began coverage on shares of VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price target for the company. UBS Group reduced 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. Finally, JPMorgan Chase & Co. reduced their price objective on VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th.

VTEX Stock Up 1.6 %

The business has a 50 day simple moving average of $6.13 and a 200-day simple moving average of $6.62. The company has a market capitalization of $1.24 billion, a P/E ratio of 112.44 and a beta of 1.33.

VTEX (NYSE:VTEX) last issued 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. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The business had revenue of $56.00 million for the quarter, compared to analysts’ expectations of $57.20 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that VTEX will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP grew its stake in VTEX by 105.7% during the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after acquiring an additional 1,869 shares in the last quarter. Barclays PLC acquired a new stake in shares of VTEX during the 3rd quarter valued at about $35,000. MQS Management LLC acquired a new stake in shares of VTEX during the 3rd quarter valued at about $91,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of VTEX during the 3rd quarter valued at about $134,000. Finally, Quadrature Capital Ltd acquired a new stake in VTEX in the 3rd quarter worth approximately $165,000. 63.69% of the stock is owned by institutional investors and hedge funds.

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.