EntryPoint Capital LLC Makes New Investment in VTEX (NYSE:VTEX)

EntryPoint Capital LLC purchased a new position in shares of VTEX (NYSE:VTEX) during the fourth quarter, HoldingsChannel reports. The firm purchased 75,637 shares of the company’s stock, valued at approximately $446,000.

Other hedge funds also recently modified their holdings of the company. Quarry LP boosted its holdings in VTEX by 105.7% in the third quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after acquiring an additional 1,869 shares during the last quarter. Barclays PLC acquired a new stake in shares of VTEX during the third quarter worth $35,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in VTEX during the fourth quarter worth $33,000. SBI Securities Co. Ltd. acquired a new position in VTEX in the fourth quarter valued at $59,000. Finally, New York State Common Retirement Fund boosted its position in VTEX by 16.8% during the fourth quarter. New York State Common Retirement Fund now owns 104,151 shares of the company’s stock valued at $613,000 after acquiring an additional 14,986 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Stock Performance

Shares of NYSE:VTEX opened at $4.93 on Wednesday. VTEX has a 52-week low of $4.20 and a 52-week high of $9.10. The business’s 50 day simple moving average is $5.72 and its two-hundred day simple moving average is $6.26. The firm has a market cap of $911.13 million, a P/E ratio of 82.18 and a beta of 1.41.

Analyst Ratings Changes

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

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.