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

VTEX (NYSE:VTEX)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $3.13 and last traded at $3.15, with a volume of 1222179 shares trading hands. The stock had previously closed at $3.24.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. UBS Group downgraded shares of VTEX from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $8.00 to $4.00 in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a report on Friday, January 9th. The Goldman Sachs Group assumed coverage on VTEX in a report on Wednesday, October 15th. They set a “buy” rating and a $5.30 price objective on the stock. Finally, Wall Street Zen lowered VTEX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 10th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.16.

VTEX Trading Down 2.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.10 and a current ratio of 3.10. The firm has a market capitalization of $575.82 million, a price-to-earnings ratio of 35.00 and a beta of 1.34. The business has a fifty day moving average price of $3.71 and a 200 day moving average price of $4.31.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The firm 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%.The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. As a group, equities analysts forecast that VTEX will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Polar Capital Holdings Plc increased its position in shares of VTEX by 11.9% in the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after acquiring an additional 748,712 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in VTEX by 8.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,596,050 shares of the company’s stock worth $10,534,000 after purchasing an additional 126,875 shares during the period. Millennium Management LLC increased its holdings in VTEX by 202.5% in the 3rd quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock valued at $6,706,000 after purchasing an additional 1,024,911 shares in the last quarter. Citadel Advisors LLC raised its position in VTEX by 524.5% in the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after purchasing an additional 850,132 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in VTEX in the third quarter valued at about $4,412,000. 63.69% of the stock is owned by institutional investors and hedge funds.

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.