VTEX (NYSE:VTEX) Shares Gap Down – Should You Sell?

VTEX (NYSE:VTEX) gapped down before the market opened on Friday . The stock had previously closed at $4.29, but opened at $4.02. VTEX shares last traded at $3.9550, with a volume of 171,135 shares.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings downgraded VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. UBS Group raised their price target on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a report on Friday, May 8th. Bradesco Corretora downgraded shares of VTEX to a “neutral” rating and set a $4.50 price objective on the stock. in a research report on Friday. Finally, Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, VTEX presently has an average rating of “Hold” and an average price target of $5.07.

VTEX Price Performance

The business has a 50 day simple moving average of $3.96 and a 200 day simple moving average of $3.75. The stock has a market cap of $702.42 million, a PE ratio of 34.20, a P/E/G ratio of 0.61 and a beta of 1.02.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $64.39 million during the quarter, compared to the consensus estimate of $64.69 million. VTEX had a return on equity of 9.68% and a net margin of 9.40%. As a group, sell-side analysts forecast that VTEX will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total value of $57,213.83. Following the transaction, the director owned 9,965 shares in the company, valued at approximately $35,774.35. This represents a 61.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 84,749 shares of company stock valued at $338,747 in the last 90 days. Corporate insiders own 40.93% of the company’s stock.

Institutional Trading of VTEX

Several large investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new position in shares of VTEX during the 1st quarter valued at $29,000. State of Wyoming bought a new stake in VTEX in the second quarter worth $59,000. Aquatic Capital Management LLC bought a new stake in VTEX in the third quarter worth $41,000. ProShare Advisors LLC acquired a new position in VTEX during the fourth quarter worth $39,000. Finally, Ieq Capital LLC acquired a new position in VTEX during the fourth quarter worth $41,000. 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.