State Street Corp Raises Holdings in VTEX (NYSE:VTEX)

State Street Corp grew its holdings in VTEX (NYSE:VTEX) by 51.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 806,221 shares of the company’s stock after acquiring an additional 275,024 shares during the period. State Street Corp’s holdings in VTEX were worth $5,998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP boosted its holdings in VTEX by 105.7% in the third quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after purchasing an additional 1,869 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of VTEX during the 2nd quarter worth approximately $40,000. MQS Management LLC bought a new position in shares of VTEX during the third quarter worth about $91,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of VTEX during the third quarter valued at approximately $134,000. Finally, Quadrature Capital Ltd acquired a new position in shares of VTEX during the third quarter valued at $165,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on VTEX. Citigroup began coverage on VTEX in a report on Thursday, December 5th. They set a “neutral” rating and a $6.70 target price on the stock. UBS Group reduced their price target on shares of VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Friday, December 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.62.

VTEX Price Performance

VTEX stock opened at $5.75 on Friday. The firm has a fifty day moving average price of $6.39 and a two-hundred day moving average price of $6.77. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 95.85 and a beta of 1.34. VTEX has a fifty-two week low of $5.63 and a fifty-two week high of $9.59.

VTEX (NYSE:VTEX) last issued its earnings results on Tuesday, November 5th. The company reported $0.02 EPS 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%. VTEX’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. As a group, sell-side analysts expect that VTEX will post 0.09 earnings per share for the current 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.