JPMorgan Chase & Co. Lowers VTEX (NYSE:VTEX) Price Target to $5.00

VTEX (NYSE:VTEX) had its target price decreased by analysts at JPMorgan Chase & Co. from $6.00 to $5.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 24.41% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group initiated coverage on shares of VTEX in a research note on Wednesday, October 15th. They issued a “buy” rating and a $5.30 target price on the stock. Jefferies Financial Group raised VTEX from a “hold” rating to a “buy” rating and lowered their price objective for the company from $7.30 to $6.50 in a report on Wednesday, September 17th. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a research report on Tuesday, October 14th. Finally, UBS Group lowered their price target on VTEX from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, VTEX presently has an average rating of “Moderate Buy” and a consensus price target of $6.96.

VTEX Stock Up 2.5%

VTEX traded up $0.10 on Monday, reaching $4.02. The company’s stock had a trading volume of 2,263,780 shares, compared to its average volume of 1,061,945. VTEX has a 1 year low of $3.65 and a 1 year high of $6.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.10. The stock has a market cap of $734.67 million, a price-to-earnings ratio of 44.50 and a beta of 1.33. The business’s 50 day moving average is $4.33 and its 200 day moving average is $5.32.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The business had revenue of $59.61 million during the quarter, compared to analyst estimates of $59.80 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that VTEX will post 0.08 EPS for the current fiscal year.

Institutional Trading of VTEX

Several hedge funds have recently made changes to their positions in VTEX. Envestnet Asset Management Inc. boosted its position in VTEX by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock valued at $239,000 after purchasing an additional 2,169 shares during the period. Public Employees Retirement System of Ohio boosted its stake in VTEX by 6.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,279 shares of the company’s stock valued at $589,000 after purchasing an additional 5,376 shares during the period. Ameritas Investment Partners Inc. bought a new position in VTEX in the 2nd quarter worth about $39,000. State of Wyoming bought a new position in VTEX in the 2nd quarter worth about $59,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of VTEX by 37.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock valued at $187,000 after purchasing an additional 10,110 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.