Jump Financial LLC raised its holdings in VTEX (NYSE:VTEX – Free Report) by 59.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,400 shares of the company’s stock after buying an additional 24,700 shares during the period. Jump Financial LLC’s holdings in VTEX were worth $333,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTEX. Bank of New York Mellon Corp acquired a new position in shares of VTEX during the 1st quarter worth about $8,747,000. Capital Research Global Investors boosted its holdings in shares of VTEX by 19.3% during the 1st quarter. Capital Research Global Investors now owns 4,129,649 shares of the company’s stock worth $25,397,000 after buying an additional 667,849 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in shares of VTEX during the 2nd quarter worth about $2,536,000. Hsbc Holdings PLC bought a new stake in shares of VTEX during the 1st quarter worth about $3,245,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of VTEX by 102.1% during the 2nd quarter. Renaissance Technologies LLC now owns 461,900 shares of the company’s stock worth $1,423,000 after buying an additional 233,300 shares during the period. 50.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
VTEX has been the subject of several research analyst reports. Morgan Stanley raised shares of VTEX from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $5.50 to $8.00 in a report on Friday, January 5th. Piper Sandler boosted their target price on shares of VTEX from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Finally, Bank of America boosted their target price on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.29.
VTEX Price Performance
VTEX stock opened at $7.59 on Tuesday. The company has a 50 day simple moving average of $7.34 and a 200 day simple moving average of $6.25. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -84.28 and a beta of 1.44. VTEX has a 1 year low of $3.24 and a 1 year high of $8.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.94 and a quick ratio of 3.94.
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.
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