VTEX (NYSE:VTEX) Shares Gap Up to $6.61

VTEX (NYSE:VTEX) gapped up before the market opened on Wednesday . The stock had previously closed at $6.61, but opened at $6.77. VTEX shares last traded at $6.77, with a volume of 3,774 shares trading hands.

Wall Street Analyst Weigh In

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

VTEX Stock Performance

The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $6.88 and a 200-day moving average of $7.31.

VTEX (NYSE:VTEX) last issued its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. VTEX had a net margin of 1.51% and a return on equity of 1.36%. The firm had revenue of $56.50 million for the quarter, compared to analysts’ expectations of $56.45 million. During the same quarter last year, the business earned ($0.04) earnings per share. The business’s revenue was up 18.0% on a year-over-year basis. Research analysts forecast that VTEX will post 0.06 earnings per share for the current fiscal year.

Institutional Trading of VTEX

Several large investors have recently modified their holdings of VTEX. Trexquant Investment LP lifted its holdings in VTEX by 180.7% in the 4th quarter. Trexquant Investment LP now owns 140,041 shares of the company’s stock worth $963,000 after buying an additional 90,149 shares during the period. Artisan Partners Limited Partnership purchased a new position in VTEX during the 4th quarter valued at $316,000. Quadrature Capital Ltd raised its holdings in VTEX by 4.8% in the 4th quarter. Quadrature Capital Ltd now owns 156,192 shares of the company’s stock worth $1,075,000 after purchasing an additional 7,142 shares in the last quarter. Absoluto Partners Gestao de Recursos Ltda bought a new position in VTEX in the 4th quarter worth $7,899,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of VTEX in the 1st quarter worth about $283,000. 63.69% of the stock is owned by institutional investors.

About VTEX

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.