12,273 Shares in VTEX (NYSE:VTEX) Purchased by MQS Management LLC

MQS Management LLC acquired a new position in shares of VTEX (NYSE:VTEX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,273 shares of the company’s stock, valued at approximately $91,000.

Several other hedge funds have also bought and sold shares of VTEX. Sei Investments Co. boosted its stake in VTEX by 1,856.3% during the first quarter. Sei Investments Co. now owns 247,869 shares of the company’s stock worth $2,025,000 after acquiring an additional 235,199 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in VTEX by 153.4% during the first quarter. Russell Investments Group Ltd. now owns 913,774 shares of the company’s stock worth $7,468,000 after acquiring an additional 553,193 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of VTEX by 242.4% in the first quarter. Acadian Asset Management LLC now owns 1,373,698 shares of the company’s stock worth $11,192,000 after buying an additional 972,534 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of VTEX by 52.3% in the first quarter. Lazard Asset Management LLC now owns 20,783 shares of the company’s stock worth $169,000 after buying an additional 7,138 shares in the last quarter. Finally, Absolute Gestao de Investimentos Ltda. bought a new position in shares of VTEX in the first quarter worth approximately $135,000. Institutional investors own 63.69% of the company’s stock.

VTEX Stock Performance

Shares of NYSE VTEX opened at $6.29 on Friday. The firm’s 50 day moving average price is $6.92 and its 200-day moving average price is $6.95. The company has a market cap of $1.16 billion, a PE ratio of 104.83 and a beta of 1.40. VTEX has a 52-week low of $5.72 and a 52-week high of $9.59.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm had revenue of $56.00 million during the quarter, compared to analysts’ expectations of $57.20 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts forecast that VTEX will post 0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their target price on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $10.40.

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.