VTEX (NYSE:VTEX) Hits New 1-Year High at $8.81

VTEX (NYSE:VTEXGet Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $8.81 and last traded at $8.81, with a volume of 321855 shares traded. The stock had previously closed at $8.31.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America boosted their target price on shares of VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Piper Sandler lifted their price objective on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Morgan Stanley raised shares of VTEX from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $5.50 to $8.00 in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of VTEX from $6.50 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, VTEX presently has a consensus rating of “Moderate Buy” and an average price target of $7.88.

View Our Latest Stock Report on VTEX

VTEX Price Performance

The stock’s 50-day moving average price is $7.73 and its 200-day moving average price is $6.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45.

VTEX (NYSE:VTEXGet Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.02 EPS for the quarter. The business had revenue of $60.70 million during the quarter, compared to the consensus estimate of $57.07 million. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. As a group, analysts anticipate that VTEX will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Dynamo Internacional Gestao DE Recursos LTDA. boosted its holdings 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 last quarter. 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 in the last quarter. Fourth Sail Capital LP bought a new position in shares of VTEX during the 4th quarter worth approximately $22,122,000. Bank of New York Mellon Corp bought a new position in shares of VTEX during the 1st quarter worth approximately $8,747,000. Finally, Absoluto Partners Gestao de Recursos Ltda bought a new position in shares of VTEX during the 4th quarter worth approximately $7,899,000. Institutional investors and hedge funds own 50.07% of the company’s stock.

VTEX Company Profile

(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.

Further Reading

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