VTEX (NYSE:VTEX) Trading 4.9% Higher – What’s Next?

VTEX (NYSE:VTEX)’s share price was up 4.9% on Thursday . The company traded as high as $4.80 and last traded at $4.83. Approximately 144,151 shares changed hands during trading, a decline of 82% from the average daily volume of 800,139 shares. The stock had previously closed at $4.60.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on VTEX from $9.50 to $9.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. UBS Group lowered their price target on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Citigroup started coverage on shares of VTEX in a report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price objective on the stock.

VTEX Trading Up 1.0 %

The firm has a market capitalization of $856.83 million, a PE ratio of 77.61 and a beta of 1.41. The firm has a 50-day moving average of $6.01 and a two-hundred day moving average of $6.49.

Institutional Trading of VTEX

Institutional investors have recently modified their holdings of the company. Quarry LP increased its holdings in VTEX by 105.7% in the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after purchasing an additional 1,869 shares in the last quarter. Barclays PLC purchased a new stake in shares of VTEX in the third quarter worth about $35,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of VTEX in the fourth quarter valued at about $33,000. State of Wyoming purchased a new stake in shares of VTEX during the 4th quarter valued at about $45,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of VTEX during the 4th quarter valued at about $59,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.