VTEX (NYSE:VTEX) Shares Up 6.2% – Time to Buy?

VTEX (NYSE:VTEX) shares shot up 6.2% during mid-day trading on Tuesday . The stock traded as high as $6.55 and last traded at $6.61. 103,764 shares were traded during mid-day trading, a decline of 83% from the average session volume of 627,686 shares. The stock had previously closed at $6.22.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VTEX. Citigroup began coverage on shares of VTEX in a research note on Thursday, December 5th. They issued a “neutral” rating and a $6.70 price objective on the stock. JPMorgan Chase & Co. lowered their price target on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, UBS Group lowered their price target on shares of VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Friday, December 20th.

VTEX Trading Up 1.6 %

The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 112.44 and a beta of 1.33. The stock’s 50 day moving average is $6.13 and its 200 day moving average is $6.62.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $56.00 million for the quarter, compared to analysts’ expectations of $57.20 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.01) EPS. On average, sell-side analysts anticipate that VTEX will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VTEX. AMS Capital Ltda increased its position in VTEX by 54.4% during the 4th quarter. AMS Capital Ltda now owns 1,121,473 shares of the company’s stock worth $6,605,000 after purchasing an additional 395,030 shares in the last quarter. State Street Corp increased its position in VTEX by 51.8% during the 3rd quarter. State Street Corp now owns 806,221 shares of the company’s stock worth $5,998,000 after purchasing an additional 275,024 shares in the last quarter. Janus Henderson Group PLC increased its position in VTEX by 2,128.1% during the 3rd quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock worth $4,144,000 after purchasing an additional 533,163 shares in the last quarter. JPMorgan Chase & Co. increased its position in VTEX by 31.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 490,234 shares of the company’s stock worth $3,647,000 after purchasing an additional 116,895 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in VTEX during the 3rd quarter worth approximately $2,518,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

About VTEX

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.