VTEX (NYSE:VTEX) Sets New 12-Month High at $8.28

VTEX (NYSE:VTEXGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $8.28 and last traded at $8.25, with a volume of 63664 shares. The stock had previously closed at $8.16.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley upgraded VTEX from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $5.50 to $8.00 in a research report on Friday, January 5th. Bank of America raised their price objective on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Piper Sandler raised their price objective on VTEX from $6.00 to $7.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, VTEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.29.

View Our Latest Stock Analysis on VTEX

VTEX Stock Up 0.2 %

The stock has a fifty day simple moving average of $7.18 and a two-hundred day simple moving average of $6.10. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEXGet Free Report) last issued its earnings results on Tuesday, November 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $50.60 million during the quarter, compared to the consensus estimate of $49.28 million. VTEX had a negative return on equity of 6.34% and a negative net margin of 8.91%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. On average, research analysts anticipate that VTEX will post -0.09 earnings per share for the current year.

Institutional Investors Weigh In On VTEX

A number of hedge funds have recently added to or reduced their stakes in VTEX. Dynamo Internacional Gestao DE Recursos LTDA. grew its stake in VTEX by 106.6% in the third quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 6,611,822 shares of the company’s stock valued at $33,125,000 after acquiring an additional 3,410,937 shares during the period. Bank of New York Mellon Corp acquired a new stake in VTEX in the first quarter valued at approximately $8,747,000. Capital Research Global Investors grew its stake in VTEX by 19.3% in the first quarter. Capital Research Global Investors now owns 4,129,649 shares of the company’s stock valued at $25,397,000 after acquiring an additional 667,849 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in VTEX in the second quarter valued at approximately $2,536,000. Finally, Hsbc Holdings PLC acquired a new stake in VTEX in the first quarter valued at approximately $3,245,000. Institutional investors and hedge funds own 50.07% of the company’s stock.

About VTEX

(Get Free Report)

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.

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