Itau Unibanco Holding S.A. Buys Shares of 338,410 VTEX (NYSE:VTEX)

Itau Unibanco Holding S.A. bought a new stake in shares of VTEX (NYSE:VTEX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 338,410 shares of the company’s stock, valued at approximately $2,518,000.

Several other hedge funds have also bought and sold shares of VTEX. Janus Henderson Group PLC raised its stake 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 worth $4,144,000 after acquiring an additional 533,163 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of VTEX during the third quarter worth approximately $134,000. MQS Management LLC purchased a new position in shares of VTEX during the third quarter worth approximately $91,000. GSA Capital Partners LLP raised its stake in shares of VTEX by 273.9% during the third quarter. GSA Capital Partners LLP now owns 87,967 shares of the company’s stock worth $654,000 after acquiring an additional 64,438 shares in the last quarter. Finally, AMS Capital Ltda increased its stake in shares of VTEX by 12.9% in the third 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 period. 63.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their target price on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $10.40.

VTEX Trading Down 2.1 %

Shares of VTEX stock opened at $6.09 on Tuesday. The company’s fifty day simple moving average is $6.82 and its two-hundred day simple moving average is $6.87. The company has a market cap of $1.12 billion, a P/E ratio of 101.52 and a beta of 1.34. VTEX has a 12-month low of $5.72 and a 12-month high of $9.59.

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

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.