VTEX (NYSE:VTEX) Shares Gap Down – What’s Next?

VTEX (NYSE:VTEX) gapped down prior to trading on Monday. The stock had previously closed at $4.17, but opened at $3.65. VTEX shares last traded at $4.0330, with a volume of 474,829 shares traded.

Analyst Ratings Changes

Several brokerages have recently commented on VTEX. Wall Street Zen downgraded shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Morgan Stanley set a $4.00 target price on shares of VTEX and gave the stock an “equal weight” rating in a report on Friday, August 28th. Weiss Ratings lowered VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Jefferies Financial Group reissued a “buy” rating and set a $5.10 price target on shares of VTEX in a report on Thursday, August 27th. Finally, Itau BBA Securities restated a “market perform” rating and issued a $4.50 price objective on shares of VTEX in a research report on Tuesday, August 25th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, VTEX currently has a consensus rating of “Hold” and an average price target of $4.60.

VTEX Price Performance

The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $3.75 and its 200 day moving average price is $3.85. The stock has a market cap of $679.40 million, a PE ratio of 24.91, a P/E/G ratio of 0.52 and a beta of 0.94.

VTEX (NYSE:VTEX) last posted its earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a net margin of 11.98% and a return on equity of 12.98%. As a group, equities analysts expect that VTEX will post 0.21 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Alejandro Scannapieco sold 11,994 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $3.67, for a total transaction of $44,017.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider André Spolidoro sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $4.04, for a total value of $60,600.00. Following the sale, the insider owned 301,431 shares in the company, valued at approximately $1,217,781.24. This trade represents a 4.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 71,458 shares of company stock worth $286,995. Corporate insiders own 40.93% of the company’s stock.

Institutional Investors Weigh In On VTEX

Several institutional investors have recently made changes to their positions in VTEX. Bank of America Corp DE boosted its holdings in VTEX by 56.0% during the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after acquiring an additional 245,306 shares during the period. Hsbc Holdings PLC purchased a new position in VTEX during the first quarter valued at approximately $2,302,000. Principal Financial Group Inc. raised its position in shares of VTEX by 32.2% in the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock worth $1,321,000 after acquiring an additional 80,460 shares in the last quarter. Globeflex Capital L P bought a new position in VTEX in the first quarter worth about $1,144,000. Finally, Sei Investments Co. bought a new position in shares of VTEX during the 1st quarter worth approximately $844,000. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.