VTEX (NYSE:VTEX) Shares Gap Down – Here’s What Happened

VTEX (NYSE:VTEX)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $3.60, but opened at $3.43. VTEX shares last traded at $3.3650, with a volume of 338,995 shares traded.

Wall Street Analysts Forecast Growth

VTEX has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a research report on Friday, January 9th. Wall Street Zen downgraded VTEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. UBS Group downgraded VTEX from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $8.00 to $4.00 in a research note on Wednesday. Jefferies Financial Group raised VTEX from a “hold” rating to a “buy” rating and lowered their target price for the stock from $7.30 to $6.50 in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Three research 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, VTEX currently has a consensus rating of “Moderate Buy” and an average target price of $6.16.

VTEX Price Performance

The company’s 50-day simple moving average is $3.85 and its 200 day simple moving average is $4.53. The company has a market capitalization of $620.61 million, a P/E ratio of 37.73 and a beta of 1.34. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $59.61 million for 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 revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS. As a group, sell-side analysts expect that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

Several hedge funds have recently modified their holdings of VTEX. Polar Capital Holdings Plc raised its position in shares of VTEX by 11.9% during the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after buying an additional 748,712 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of VTEX by 8.6% in the second quarter. Artisan Partners Limited Partnership now owns 1,596,050 shares of the company’s stock valued at $10,534,000 after purchasing an additional 126,875 shares in the last quarter. Millennium Management LLC lifted its position in VTEX by 202.5% in the third quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock worth $6,706,000 after purchasing an additional 1,024,911 shares during the period. Citadel Advisors LLC increased its holdings in VTEX by 524.5% in the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after buying an additional 850,132 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of VTEX in the 3rd quarter valued at $4,412,000. 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.