VTEX (NYSE:VTEX) Hits New 1-Year Low – Here’s What Happened

VTEX (NYSE:VTEX) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $3.52 and last traded at $3.6550, with a volume of 681730 shares. The stock had previously closed at $3.68.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VTEX shares. Wall Street Zen cut VTEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group raised shares of VTEX from a “hold” rating to a “buy” rating and reduced their price objective for the company from $7.30 to $6.50 in a research note on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a research note on Friday. JPMorgan Chase & Co. cut their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, The Goldman Sachs Group started coverage on shares of VTEX in a report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price target on the stock. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.96.

VTEX Price Performance

The firm has a market capitalization of $668.13 million, a PE ratio of 40.62 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.10. The business’s 50 day moving average is $3.87 and its two-hundred day moving average is $4.54.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $59.61 million during the quarter, compared to analysts’ expectations of $59.80 million. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. As a group, research analysts anticipate that VTEX will post 0.08 EPS for the current year.

Institutional Investors Weigh In On VTEX

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in shares of VTEX in the 2nd quarter worth about $39,000. State of Wyoming bought a new stake in VTEX in the 2nd quarter worth approximately $59,000. Aquatic Capital Management LLC purchased a new stake in VTEX in the third quarter worth approximately $41,000. Teacher Retirement System of Texas purchased a new stake in VTEX in the second quarter worth approximately $69,000. Finally, Savant Capital LLC bought a new position in VTEX during the second quarter valued at approximately $70,000. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

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.