VTEX (NYSE:VTEX) Shares Up 4.3% – Should You Buy?

VTEX (NYSE:VTEX) was up 4.3% during trading on Thursday . The stock traded as high as $6.04 and last traded at $6.03. Approximately 152,517 shares changed hands during trading, a decline of 69% from the average daily volume of 489,938 shares. The stock had previously closed at $5.78.

Analysts Set New Price Targets

Separately, Citigroup assumed coverage on shares of VTEX in a research note on Thursday, December 5th. They issued a “neutral” rating and a $6.70 target price for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, VTEX has an average rating of “Moderate Buy” and a consensus price target of $9.78.

VTEX Trading Up 1.4 %

The firm has a market cap of $1.08 billion, a PE ratio of 97.68 and a beta of 1.34. The business has a fifty day moving average of $6.56 and a 200-day moving average of $6.81.

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, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $56.00 million for the quarter, compared to the consensus estimate of $57.20 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) earnings per share. On average, equities analysts forecast that VTEX will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quarry LP raised 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. Barclays PLC bought a new stake in VTEX during the third quarter worth about $35,000. nVerses Capital LLC purchased a new position in shares of VTEX in the 2nd quarter worth about $40,000. MQS Management LLC bought a new position in shares of VTEX during the 3rd quarter valued at about $91,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of VTEX during the 3rd quarter valued at about $134,000. 63.69% of the stock is currently 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.