VTEX (NYSE:VTEX) Reaches New 12-Month Low – Time to Sell?

Shares of VTEX (NYSE:VTEX) reached a new 52-week low on Friday . The company traded as low as $3.65 and last traded at $3.6750, with a volume of 482464 shares trading hands. The stock had previously closed at $3.76.

Analyst Upgrades and Downgrades

VTEX has been the subject of a number of recent analyst reports. Jefferies Financial Group raised shares of VTEX from a “hold” rating to a “buy” rating and dropped their price target for the stock from $7.30 to $6.50 in a research note on Wednesday, September 17th. JPMorgan Chase & Co. dropped their target price on VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a report on Tuesday, October 14th. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, The Goldman Sachs Group initiated coverage on VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.96.

VTEX Stock Down 2.0%

The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.01. The firm has a market cap of $673.62 million, a PE ratio of 40.95 and a beta of 1.34. The business’s 50-day simple moving average is $3.99 and its 200 day simple moving average is $4.72.

VTEX (NYSE:VTEX) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $59.80 million. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. As a group, equities research analysts expect that VTEX will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in VTEX in the second quarter worth about $39,000. Aquatic Capital Management LLC bought a new stake in shares of VTEX in the 3rd quarter valued at about $41,000. Virtu Financial LLC purchased a new position in shares of VTEX in the 3rd quarter worth approximately $51,000. Sherbrooke Park Advisers LLC bought a new position in shares of VTEX during the 3rd quarter worth approximately $54,000. Finally, State of Wyoming purchased a new stake in VTEX during the second quarter valued at approximately $59,000. 63.69% of the stock is owned by 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.