Van ECK Associates Corp Has $173,000 Stock Position in VTEX (NYSE:VTEX)

Van ECK Associates Corp trimmed its position in VTEX (NYSE:VTEX) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,187 shares of the company’s stock after selling 2,161 shares during the quarter. Van ECK Associates Corp’s holdings in VTEX were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VTEX. nVerses Capital LLC bought a new position in VTEX during the second quarter worth $40,000. Bayesian Capital Management LP bought a new position in VTEX during the first quarter worth $83,000. Absolute Gestao de Investimentos Ltda. bought a new position in VTEX during the first quarter worth $135,000. Lazard Asset Management LLC increased its position in VTEX by 52.3% during the first quarter. Lazard Asset Management LLC now owns 20,783 shares of the company’s stock worth $169,000 after acquiring an additional 7,138 shares during the period. Finally, Employees Retirement System of Texas increased its holdings in VTEX by 16.3% in the 2nd quarter. Employees Retirement System of Texas now owns 26,212 shares of the company’s stock valued at $190,000 after buying an additional 3,668 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

VTEX Stock Performance

VTEX opened at $6.55 on Thursday. The firm’s 50-day simple moving average is $6.93 and its 200-day simple moving average is $6.96. VTEX has a twelve month low of $5.72 and a twelve month high of $9.59. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 109.18 and a beta of 1.40.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business 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 firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) EPS. As a group, sell-side analysts anticipate that VTEX will post 0.07 EPS for the current fiscal year.

VTEX 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.