VTEX (NYSE:VTEX) Given New $10.00 Price Target at JPMorgan Chase & Co.

VTEX (NYSE:VTEX) had its target price upped by investment analysts at JPMorgan Chase & Co. from $9.00 to $10.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 46.63% from the company’s current price.

VTEX Trading Up 13.3 %

Shares of VTEX stock traded up $0.80 on Wednesday, reaching $6.82. 513,771 shares of the stock were exchanged, compared to its average volume of 476,702. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 3.42. VTEX has a one year low of $4.66 and a one year high of $9.59. The stock has a market cap of $1.26 billion, a PE ratio of -171.50 and a beta of 1.37. The stock has a 50 day moving average price of $6.78 and a 200 day moving average price of $7.47.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. VTEX had a negative return on equity of 3.32% and a negative net margin of 3.87%. The firm had revenue of $56.50 million during the quarter, compared to analyst estimates of $56.45 million. During the same period last year, the company earned ($0.04) earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. Equities research analysts forecast that VTEX will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in VTEX by 2.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,489 shares of the company’s stock worth $402,000 after acquiring an additional 1,302 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of VTEX during the fourth quarter worth $99,000. Van ECK Associates Corp grew its holdings in shares of VTEX by 28.6% in the 4th quarter. Van ECK Associates Corp now owns 33,226 shares of the company’s stock valued at $229,000 after buying an additional 7,392 shares during the period. Fourth Sail Capital LP bought a new stake in shares of VTEX in the 4th quarter valued at $22,122,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in VTEX during the 4th quarter worth $138,000. 63.69% of the stock is currently owned by institutional investors.

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.