JPMorgan Chase & Co. Issues Positive Forecast for VTEX (NYSE:VTEX) Stock Price

VTEX (NYSE:VTEX) had its price objective lifted by JPMorgan Chase & Co. from $6.50 to $7.50 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently issued reports on VTEX. Jefferies Financial Group started coverage on VTEX in a report on Thursday, May 22nd. They issued a “hold” rating and a $7.30 price target on the stock. Wall Street Zen downgraded VTEX from a “buy” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.13.

VTEX Stock Up 5.8%

Shares of NYSE VTEX opened at $6.55 on Tuesday. The business has a fifty day simple moving average of $5.39 and a two-hundred day simple moving average of $5.76. The firm has a market cap of $1.20 billion, a PE ratio of 109.18 and a beta of 1.29. VTEX has a twelve month low of $4.20 and a twelve month high of $8.03.

VTEX (NYSE:VTEX) last issued its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $54.20 million during the quarter, compared to analyst estimates of $52.81 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. On average, research analysts expect that VTEX will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On VTEX

Large investors have recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of VTEX during the fourth quarter valued at approximately $33,000. State of Wyoming acquired a new position in shares of VTEX during the fourth quarter valued at approximately $45,000. SBI Securities Co. Ltd. acquired a new position in shares of VTEX during the fourth quarter valued at approximately $59,000. Occudo Quantitative Strategies LP acquired a new position in shares of VTEX during the fourth quarter valued at approximately $81,000. Finally, Graham Capital Management L.P. acquired a new position in shares of VTEX during the fourth quarter valued at approximately $101,000. Institutional investors and hedge funds 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.