VTEX (NYSE:VTEX) Price Target Lowered to $6.50 at JPMorgan Chase & Co.

VTEX (NYSE:VTEX) had its price target cut by JPMorgan Chase & Co. from $9.00 to $6.50 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Separately, UBS Group dropped their target price on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Friday, December 20th.

VTEX Price Performance

Shares of VTEX stock opened at $4.89 on Tuesday. The firm has a 50 day simple moving average of $5.21 and a 200 day simple moving average of $6.02. VTEX has a fifty-two week low of $4.20 and a fifty-two week high of $8.24. The firm has a market cap of $892.97 million, a P/E ratio of 81.43 and a beta of 1.30.

Institutional Trading of VTEX

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of VTEX by 31.3% in 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 during the last quarter. State Street Corp lifted its stake in VTEX by 51.8% in the third quarter. State Street Corp now owns 806,221 shares of the company’s stock valued at $5,998,000 after buying an additional 275,024 shares during the period. EntryPoint Capital LLC bought a new position in VTEX during the fourth quarter worth about $446,000. Sei Investments Co. grew its position in shares of VTEX by 50.4% during the 4th quarter. Sei Investments Co. now owns 280,193 shares of the company’s stock worth $1,650,000 after buying an additional 93,873 shares during the period. Finally, Verde Servicos Internacionais S.A. bought a new stake in shares of VTEX in the 4th quarter valued at about $412,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.