VTEX (NYSE:VTEX) Sets New 52-Week Low – Here’s Why

Shares of VTEX (NYSE:VTEX) reached a new 52-week low during mid-day trading on Friday . The stock 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.

Wall Street Analyst Weigh In

VTEX has been the subject of several research reports. UBS Group downgraded VTEX from a “buy” rating to a “neutral” rating and dropped their target price for the company from $8.00 to $4.00 in a research report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a research report on Friday, January 9th. JPMorgan Chase & Co. lowered 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. The Goldman Sachs Group assumed coverage on shares of 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 cut shares of VTEX from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 10th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.16.

VTEX Trading Down 2.8%

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 business has a 50 day moving average price of $3.71 and a 200-day moving average price of $4.31. The firm has a market capitalization of $575.82 million, a PE ratio of 35.00 and a beta of 1.34.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share 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 return on equity of 6.63% and a net margin of 7.03%.The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. Analysts expect that VTEX will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On VTEX

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in shares of VTEX by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock worth $239,000 after acquiring an additional 2,169 shares during the period. Van ECK Associates Corp increased its holdings in VTEX by 18.5% during the 3rd quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock valued at $135,000 after acquiring an additional 4,802 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in VTEX by 6.4% during the second quarter. Public Employees Retirement System of Ohio now owns 89,279 shares of the company’s stock worth $589,000 after acquiring an additional 5,376 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of VTEX in the second quarter valued at about $39,000. Finally, State of Wyoming acquired a new stake in shares of VTEX in the second quarter valued at approximately $59,000. 63.69% of the stock is currently 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.