VTEX (NYSE:VTEX) Hits New 52-Week Low – What’s Next?

Shares of VTEX (NYSE:VTEX) hit a new 52-week low on Wednesday . The stock traded as low as $2.97 and last traded at $3.0350, with a volume of 51245 shares. The stock had previously closed at $3.03.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VTEX shares. JPMorgan Chase & Co. reduced their price target on VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Weiss Ratings restated a “hold (c-)” rating on shares of VTEX in a research note on Friday, January 9th. Finally, UBS Group downgraded shares of VTEX from a “buy” rating to a “neutral” rating and cut their price target for the company from $8.00 to $4.00 in a report on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.16.

VTEX Stock Performance

The stock’s 50-day moving average price is $3.44 and its 200 day moving average price is $3.96. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.01. The company has a market cap of $558.45 million, a P/E ratio of 33.95 and a beta of 1.34.

Institutional Investors Weigh In On VTEX

A number of hedge funds have recently bought and sold shares of VTEX. Legal & General Group Plc raised its holdings in shares of VTEX by 2,007.5% in the 2nd quarter. Legal & General Group Plc now owns 276,995 shares of the company’s stock worth $1,828,000 after buying an additional 263,852 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in VTEX by 8.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,596,050 shares of the company’s stock valued at $10,534,000 after buying an additional 126,875 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in VTEX in the second quarter valued at $464,000. Norges Bank acquired a new position in VTEX during the second quarter worth $2,670,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in VTEX during the 2nd quarter valued at about $311,000. 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.