MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 3,644 Shares of VTEX (NYSE:VTEX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of VTEX (NYSE:VTEX) by 15.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 26,712 shares of the company’s stock after acquiring an additional 3,644 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in VTEX were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of VTEX during the 4th quarter valued at $33,000. Employees Retirement System of Texas lifted its position in shares of VTEX by 15.1% during the 4th quarter. Employees Retirement System of Texas now owns 52,238 shares of the company’s stock valued at $308,000 after acquiring an additional 6,836 shares during the period. Neuberger Berman Group LLC lifted its position in shares of VTEX by 47.7% during the 4th quarter. Neuberger Berman Group LLC now owns 22,131 shares of the company’s stock valued at $130,000 after acquiring an additional 7,145 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of VTEX during the 4th quarter valued at $59,000. Finally, Marshall Wace LLP lifted its position in shares of VTEX by 2.2% during the 4th quarter. Marshall Wace LLP now owns 511,985 shares of the company’s stock valued at $3,016,000 after acquiring an additional 11,042 shares during the period. 63.69% of the stock is currently owned by institutional investors.

VTEX Stock Performance

VTEX stock opened at $6.43 on Monday. VTEX has a 52 week low of $4.20 and a 52 week high of $8.03. The stock has a market capitalization of $1.18 billion, a P/E ratio of 107.18 and a beta of 1.29. The stock has a fifty day moving average of $5.49 and a 200-day moving average of $5.75.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VTEX shares. JPMorgan Chase & Co. boosted their price target on VTEX from $6.50 to $7.50 and gave the stock an “overweight” rating in a report on Tuesday, May 27th. Jefferies Financial Group started coverage on VTEX in a report on Thursday, May 22nd. They set a “hold” rating and a $7.30 price target for the company. Finally, Wall Street Zen cut VTEX from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, VTEX presently has a consensus rating of “Hold” and an average price target of $8.13.

VTEX 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.