VTEX (NYSE:VTEX) Stock Price Up 4.9% – Should You Buy?

VTEX (NYSE:VTEX) rose 4.9% on Thursday . The stock traded as high as $4.80 and last traded at $4.83. Approximately 144,151 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 800,139 shares. The stock had previously closed at $4.60.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group cut their price target on shares of VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Citigroup assumed coverage on VTEX in a research note on Thursday, December 5th. They issued a “neutral” rating and a $6.70 price target for the company. Finally, JPMorgan Chase & Co. reduced their price target 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 Price Performance

The company has a market capitalization of $847.44 million, a P/E ratio of 76.76 and a beta of 1.41. The company has a fifty day moving average price of $6.04 and a two-hundred day moving average price of $6.50.

Institutional Trading of VTEX

A number of institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its position in VTEX by 273.9% in the third quarter. GSA Capital Partners LLP now owns 87,967 shares of the company’s stock worth $654,000 after acquiring an additional 64,438 shares during the period. MQS Management LLC bought a new stake in VTEX during the third quarter valued at approximately $91,000. Dynamic Technology Lab Private Ltd bought a new position in VTEX during the third quarter valued at approximately $134,000. Janus Henderson Group PLC increased its stake in VTEX by 2,128.1% in the 3rd quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock worth $4,144,000 after purchasing an additional 533,163 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in VTEX in the 3rd quarter worth $2,518,000. Institutional investors own 63.69% of the company’s stock.

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.