VTEX (NYSE:VTEX) Given New $11.00 Price Target at UBS Group

VTEX (NYSE:VTEX) had its price objective cut by UBS Group from $12.50 to $11.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, Citigroup assumed coverage on VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 target price for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, VTEX has a consensus rating of “Moderate Buy” and an average target price of $9.62.

VTEX Trading Down 2.7 %

VTEX stock opened at $5.68 on Friday. The stock has a market cap of $1.05 billion, a PE ratio of 94.68 and a beta of 1.34. VTEX has a 12 month low of $5.66 and a 12 month high of $9.59. The company has a 50-day moving average price of $6.51 and a 200 day moving average price of $6.80.

VTEX (NYSE:VTEX) last announced its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The business had revenue of $56.00 million during the quarter, compared to analyst estimates of $57.20 million. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Sell-side analysts forecast that VTEX will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTEX. Renaissance Technologies LLC increased its holdings in shares of VTEX by 15.9% in the 2nd quarter. Renaissance Technologies LLC now owns 938,800 shares of the company’s stock valued at $6,816,000 after acquiring an additional 129,100 shares during the period. Fourth Sail Capital LP grew its stake in VTEX by 125.0% in the second quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock valued at $22,497,000 after purchasing an additional 1,721,568 shares during the last quarter. Acadian Asset Management LLC raised its holdings in VTEX by 23.0% in the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock worth $12,233,000 after purchasing an additional 315,507 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of VTEX by 2,128.1% during the third quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock valued at $4,144,000 after buying an additional 533,163 shares during the last quarter. Finally, AMS Capital Ltda grew its position in shares of VTEX by 12.9% in the 3rd quarter. AMS Capital Ltda now owns 726,443 shares of the company’s stock worth $5,405,000 after buying an additional 83,096 shares during the last quarter. 63.69% of the stock is currently owned by 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.