VTEX (NYSE:VTEX) Hits New 52-Week Low – Should You Sell?

VTEX (NYSE:VTEX) shares reached a new 52-week low on Wednesday . The company traded as low as $3.52 and last traded at $3.6550, with a volume of 681730 shares changing hands. The stock had previously closed at $3.68.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VTEX shares. The Goldman Sachs Group initiated coverage on shares of VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective for the company. Jefferies Financial Group upgraded VTEX from a “hold” rating to a “buy” rating and cut their target price for the stock from $7.30 to $6.50 in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research report on Friday. JPMorgan Chase & Co. dropped their price target on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Wall Street Zen downgraded VTEX from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, VTEX has a consensus rating of “Moderate Buy” and a consensus target price of $6.96.

VTEX Trading Down 0.7%

The firm has a 50 day moving average of $3.87 and a 200 day moving average of $4.54. The firm has a market cap of $668.13 million, a PE ratio of 40.62 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 earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. VTEX had a return on equity of 6.63% and a net margin of 7.03%.The firm had revenue of $59.61 million for the quarter, compared to analyst estimates of $59.80 million. During the same period in the previous year, the company posted $0.02 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that VTEX will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On VTEX

Several large investors have recently modified their holdings of VTEX. Ameritas Investment Partners Inc. purchased a new stake in shares of VTEX during the 2nd quarter valued at approximately $39,000. Aquatic Capital Management LLC purchased a new stake in shares of VTEX during the third quarter worth $41,000. Virtu Financial LLC purchased a new stake in shares of VTEX during the third quarter worth $51,000. Sherbrooke Park Advisers LLC bought a new position in shares of VTEX in the third quarter worth $54,000. Finally, State of Wyoming purchased a new position in shares of VTEX in the second quarter valued at $59,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.