JPMorgan Chase & Co. Has Lowered Expectations for VTEX (NYSE:VTEX) Stock Price

VTEX (NYSE:VTEX) had its target price reduced by investment analysts at JPMorgan Chase & Co. from $9.50 to $9.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 52.80% from the company’s previous close.

VTEX has been the subject of several other reports. Citigroup started coverage on shares of VTEX in a research note on Thursday, December 5th. They issued a “neutral” rating and a $6.70 target price on the stock. UBS Group decreased their price objective on shares of VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a report on Friday, December 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.74.

VTEX Stock Down 1.0 %

VTEX opened at $5.89 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of 98.18 and a beta of 1.33. The company has a fifty day moving average of $6.22 and a 200-day moving average of $6.71. VTEX has a twelve month low of $5.60 and a twelve month high of $9.59.

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. The company had revenue of $56.00 million for the quarter, compared to analysts’ expectations of $57.20 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. VTEX’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Sell-side analysts anticipate that VTEX will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Quarry LP lifted 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 position in shares of VTEX during the 3rd quarter worth $35,000. MQS Management LLC acquired a new stake in shares of VTEX during the 3rd quarter worth about $91,000. Dynamic Technology Lab Private Ltd purchased a new stake in VTEX in the 3rd quarter valued at about $134,000. Finally, Quadrature Capital Ltd acquired a new position in VTEX in the third quarter valued at about $165,000. 63.69% of the stock is currently owned by hedge funds and other 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.