VTEX (NYSE:VTEX) Shares Purchased by State Street Corp

State Street Corp lifted its position in VTEX (NYSE:VTEX) by 51.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 806,221 shares of the company’s stock after purchasing an additional 275,024 shares during the quarter. State Street Corp owned about 0.44% of VTEX worth $5,998,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Quarry LP lifted its position in shares of VTEX by 105.7% during the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after buying an additional 1,869 shares in the last quarter. Employees Retirement System of Texas grew its stake in shares of VTEX by 16.3% in the 2nd quarter. Employees Retirement System of Texas now owns 26,212 shares of the company’s stock valued at $190,000 after buying an additional 3,668 shares during the period. nVerses Capital LLC acquired a new stake in VTEX during the second quarter worth $40,000. MQS Management LLC purchased a new stake in VTEX in the 3rd quarter valued at about $91,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of VTEX in the 3rd quarter worth approximately $134,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VTEX shares. Citigroup assumed coverage on VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price objective on the stock. UBS Group dropped their target price on shares of VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.62.

VTEX Stock Performance

NYSE:VTEX opened at $5.75 on Friday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 95.85 and a beta of 1.34. VTEX has a 1 year low of $5.63 and a 1 year high of $9.59. The stock has a fifty day moving average price of $6.39 and a two-hundred day moving average price of $6.77.

VTEX (NYSE:VTEX) last announced its quarterly 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 net margin of 3.97% and a return on equity of 3.60%. The company had revenue of $56.00 million for the quarter, compared to the consensus estimate of $57.20 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts predict that VTEX will post 0.09 EPS for the current year.

VTEX 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.