VTEX (NYSE:VTEX) Sees Unusually-High Trading Volume – What’s Next?

Shares of VTEX (NYSE:VTEX) saw strong trading volume on Monday . 1,425,486 shares changed hands during trading, an increase of 123% from the previous session’s volume of 639,862 shares.The stock last traded at $6.26 and had previously closed at $6.27.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group dropped their price objective on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Citigroup assumed coverage on VTEX in a research note on Thursday, December 5th. They set a “neutral” rating and a $6.70 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th.

VTEX Stock Performance

The company has a market capitalization of $1.14 billion, a P/E ratio of 103.17 and a beta of 1.33. The stock has a 50 day moving average price of $6.11 and a 200 day moving average price of $6.63.

VTEX (NYSE:VTEX) last posted its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $56.00 million during the quarter, compared to analyst estimates of $57.20 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. As a group, sell-side analysts expect that VTEX will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Verde Servicos Internacionais S.A. purchased a new position in shares of VTEX during the fourth quarter worth about $412,000. FNY Investment Advisers LLC bought a new stake in VTEX in the 4th quarter worth approximately $408,000. JPMorgan Chase & Co. lifted its position in VTEX by 31.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 490,234 shares of the company’s stock worth $3,647,000 after buying an additional 116,895 shares during the last quarter. Barclays PLC bought a new stake in VTEX in the 3rd quarter worth approximately $35,000. Finally, Public Employees Retirement System of Ohio bought a new stake in VTEX in the 3rd quarter worth approximately $373,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.