VTEX (NYSE:VTEX) Price Target Raised to $7.50 at JPMorgan Chase & Co.

VTEX (NYSE:VTEX) had its price objective raised by JPMorgan Chase & Co. from $6.50 to $7.50 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

VTEX has been the subject of a number of other reports. Wall Street Zen lowered VTEX from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group assumed coverage on VTEX in a research report on Thursday, May 22nd. They issued a “hold” rating and a $7.30 price target for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.13.

VTEX Price Performance

Shares of VTEX stock opened at $6.55 on Tuesday. The business has a 50 day simple moving average of $5.39 and a two-hundred day simple moving average of $5.76. VTEX has a 12 month low of $4.20 and a 12 month high of $8.03. The stock has a market capitalization of $1.20 billion, a P/E ratio of 109.18 and a beta of 1.29.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) 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%. As a group, research analysts anticipate that VTEX will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VTEX. Bank Julius Baer & Co. Ltd Zurich purchased a new position in VTEX in the fourth quarter worth approximately $33,000. State of Wyoming purchased a new position in VTEX in the fourth quarter worth approximately $45,000. SBI Securities Co. Ltd. purchased a new position in VTEX in the fourth quarter worth approximately $59,000. Occudo Quantitative Strategies LP purchased a new position in VTEX in the fourth quarter worth approximately $81,000. Finally, Graham Capital Management L.P. purchased a new position in VTEX in the fourth quarter worth approximately $101,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.