VTEX (NYSE:VTEX) Shares Gap Up to $4.12

Shares of VTEX (NYSE:VTEXGet Rating) gapped up prior to trading on Friday . The stock had previously closed at $4.12, but opened at $4.30. VTEX shares last traded at $4.28, with a volume of 1,136 shares.

Analyst Ratings Changes

A number of brokerages recently commented on VTEX. The Goldman Sachs Group decreased their target price on VTEX from $12.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, July 5th. Bank of America upgraded VTEX from a “neutral” rating to a “buy” rating and increased their target price for the company from $4.50 to $6.50 in a research report on Friday, August 26th. Finally, Piper Sandler decreased their price target on VTEX from $9.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, July 22nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, VTEX currently has an average rating of “Buy” and a consensus target price of $11.08.

VTEX Price Performance

The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.02. The stock has a market cap of $823.94 million, a PE ratio of -11.28 and a beta of 0.54. The company has a fifty day moving average of $3.68 and a 200-day moving average of $4.82.

Institutional Trading of VTEX

A number of large investors have recently made changes to their positions in VTEX. Dynamo Administracao de Recursos Ltda. increased its stake in VTEX by 2,701.2% in the 1st quarter. Dynamo Administracao de Recursos Ltda. now owns 7,555,528 shares of the company’s stock valued at $46,466,000 after purchasing an additional 7,285,808 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. lifted its stake in shares of VTEX by 41.0% during the second quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 12,181,961 shares of the company’s stock worth $37,520,000 after purchasing an additional 3,542,932 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of VTEX during the fourth quarter worth about $37,110,000. Goldman Sachs Group Inc. increased its position in shares of VTEX by 69.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,598,249 shares of the company’s stock worth $38,573,000 after acquiring an additional 1,468,983 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of VTEX during the first quarter worth about $8,747,000. 41.19% 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.

Further Reading

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