VTEX (NYSE:VTEX) Hits New 52-Week Low – Should You Sell?

VTEX (NYSE:VTEX)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $3.53 and last traded at $3.6450, with a volume of 1338598 shares changing hands. The stock had previously closed at $3.59.

Wall Street Analyst Weigh In

Several analysts recently commented on VTEX shares. Jefferies Financial Group raised shares of VTEX from a “hold” rating to a “buy” rating and cut their target price for the company from $7.30 to $6.50 in a research note on Wednesday, September 17th. JPMorgan Chase & Co. dropped their price target on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a research note on Tuesday, October 14th. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, The Goldman Sachs Group assumed coverage on VTEX in a report on Wednesday, October 15th. They set a “buy” rating and a $5.30 target price for the company. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.96.

VTEX Trading Up 1.5%

The firm has a market cap of $666.31 million, a price-to-earnings ratio of 40.50 and a beta of 1.34. The company has a 50-day moving average price of $3.93 and a 200 day moving average price of $4.63. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. VTEX had a return on equity of 6.63% and a net margin of 7.03%.The firm had revenue of $59.61 million during the quarter, compared to the consensus estimate of $59.80 million. During the same period in the prior year, the business earned $0.02 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings in shares of VTEX by 202.5% during the 3rd quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock valued at $6,706,000 after buying an additional 1,024,911 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in VTEX in the third quarter worth approximately $4,412,000. Citadel Advisors LLC raised its position in VTEX by 524.5% during the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after acquiring an additional 850,132 shares in the last quarter. Polar Capital Holdings Plc lifted its stake in VTEX by 11.9% in the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after acquiring an additional 748,712 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. lifted its stake in VTEX by 1,301.0% in the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock valued at $4,929,000 after acquiring an additional 693,457 shares during the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

About VTEX

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.