VTEX (NYSE:VTEX) Shares Up 4% – What’s Next?

VTEX (NYSE:VTEX)’s stock price traded up 4% during mid-day trading on Tuesday. The company traded as high as $4.14 and last traded at $4.1820. 122,587 shares traded hands during trading, a decline of 89% from the average daily volume of 1,154,844 shares. The stock had previously closed at $4.02.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VTEX shares. Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 price objective on the stock. in a research note on Friday, August 7th. Itau BBA Securities reiterated a “market perform” rating and set a $4.50 target price on shares of VTEX in a research report on Tuesday, August 25th. Jefferies Financial Group reissued a “buy” rating and set a $5.10 target price on shares of VTEX in a report on Thursday, August 27th. Wall Street Zen cut VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Morgan Stanley set a $4.00 price target on VTEX and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, VTEX has a consensus rating of “Hold” and a consensus price target of $4.69.

VTEX Trading Up 8.3%

The firm’s 50-day simple moving average is $3.73 and its 200 day simple moving average is $3.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market capitalization of $742.48 million, a price-to-earnings ratio of 27.23, a P/E/G ratio of 0.50 and a beta of 0.94.

VTEX (NYSE:VTEX) last issued its earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $64.39 million for the quarter, compared to the consensus estimate of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Equities analysts expect that VTEX will post 0.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider André Spolidoro sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $4.04, for a total value of $60,600.00. Following the sale, the insider directly owned 301,431 shares of the company’s stock, valued at $1,217,781.24. This trade represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alejandro Scannapieco sold 11,994 shares of VTEX stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $3.67, for a total value of $44,017.98. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,458 shares of company stock valued at $275,723 in the last three months. 40.93% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in VTEX by 56.0% during the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock worth $2,732,000 after purchasing an additional 245,306 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of VTEX during the first quarter worth $2,302,000. Principal Financial Group Inc. lifted its stake in shares of VTEX by 32.2% in the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock valued at $1,321,000 after acquiring an additional 80,460 shares during the last quarter. Globeflex Capital L P bought a new position in shares of VTEX in the 1st quarter valued at $1,144,000. Finally, Sei Investments Co. acquired a new stake in shares of VTEX during the 1st quarter valued at $844,000. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.