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VTEX (NYSE:VTEX – Get Free Report) gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $5.50, but opened at $5.85. VTEX shares last traded at $5.99, with a volume of 487,833 shares changing hands.
The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm had revenue of $54.20 million during the quarter, compared to analysts’ expectations of $52.81 million.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. dropped their price objective on shares of VTEX from $9.00 to $6.50 and set an “overweight” rating for the company in a research note on Tuesday, April 15th.
Check Out Our Latest Stock Analysis on VTEX
Institutional Trading of VTEX
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of VTEX in the fourth quarter worth about $33,000. Barclays PLC purchased a new position in VTEX during the 3rd quarter valued at about $35,000. State of Wyoming bought a new position in VTEX in the fourth quarter worth approximately $45,000. SBI Securities Co. Ltd. purchased a new stake in shares of VTEX during the 4th quarter worth $59,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of VTEX in the 4th quarter worth approximately $81,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.
VTEX Stock Up 4.0 %
The business has a 50-day moving average price of $4.98 and a 200-day moving average price of $5.81. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 101.43 and a beta of 1.29.
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.
See Also
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