VTEX (NYSE:VTEX) Reaches New 1-Year Low – What’s Next?

VTEX (NYSE:VTEX)’s share price hit a new 52-week low on Tuesday . The company traded as low as $3.17 and last traded at $3.2250, with a volume of 63898 shares. The stock had previously closed at $3.26.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VTEX. UBS Group downgraded VTEX from a “buy” rating to a “neutral” rating and lowered their price target for the company from $8.00 to $4.00 in a research report on Wednesday, January 14th. 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 research report on Monday, November 10th. The Goldman Sachs Group assumed coverage on VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective for the company. Wall Street Zen lowered shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a research note on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.16.

VTEX Stock Performance

The firm has a market capitalization of $596.84 million, a price-to-earnings ratio of 36.39 and a beta of 1.34. The firm’s 50-day moving average price is $3.81 and its two-hundred day moving average price is $4.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.10 and a current ratio of 3.10.

VTEX (NYSE:VTEX) last posted its earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $59.61 million during the quarter, compared to the consensus estimate of $59.80 million. VTEX had a return on equity of 6.63% and a net margin of 7.03%.VTEX’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.02 EPS. Sell-side analysts predict that VTEX will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in VTEX in the second quarter valued at approximately $39,000. Aquatic Capital Management LLC acquired a new stake in shares of VTEX during the third quarter worth $41,000. Virtu Financial LLC bought a new stake in VTEX in the third quarter valued at about $51,000. Sherbrooke Park Advisers LLC acquired a new position in VTEX in the third quarter valued at about $54,000. Finally, State of Wyoming bought a new position in VTEX during the second quarter worth about $59,000. 63.69% of the stock is currently owned by institutional investors.

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.