VTEX (NYSE:VTEX) Shares Down 3.2%

VTEX (NYSE:VTEX) fell 3.2% during trading on Tuesday . The stock traded as low as $7.24 and last traded at $7.25. 257,212 shares were traded during mid-day trading, a decline of 45% from the average session volume of 470,383 shares. The stock had previously closed at $7.49.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VTEX shares. Morgan Stanley upgraded VTEX from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $5.50 to $8.00 in a report on Friday, January 5th. Piper Sandler upped their price objective on shares of VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their target price on shares of VTEX from $6.50 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Bank of America upped their price target on VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, UBS Group lifted their price objective on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.44.

VTEX Price Performance

The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -104.56 and a beta of 1.41. The stock’s fifty day moving average price is $8.12 and its 200-day moving average price is $7.22. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX) last posted its earnings results on Tuesday, February 27th. The company reported $0.02 earnings per share (EPS) for the quarter. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. The company had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $57.07 million. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. As a group, equities research analysts forecast that VTEX will post -0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

Institutional investors have recently made changes to their positions in the stock. Dynamo Internacional Gestao DE Recursos LTDA. grew its stake in shares of VTEX by 106.6% in the third quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 6,611,822 shares of the company’s stock valued at $33,125,000 after buying an additional 3,410,937 shares in the last quarter. Fourth Sail Capital LP acquired a new position in VTEX in the 4th quarter valued at about $22,122,000. Absoluto Partners Gestao de Recursos Ltda purchased a new stake in VTEX during the fourth quarter worth about $7,899,000. Trexquant Investment LP increased its stake in VTEX by 180.7% during the fourth quarter. Trexquant Investment LP now owns 140,041 shares of the company’s stock worth $963,000 after purchasing an additional 90,149 shares during the period. Finally, Quadrature Capital Ltd lifted its position in shares of VTEX by 143.9% during the third quarter. Quadrature Capital Ltd now owns 149,050 shares of the company’s stock worth $746,000 after purchasing an additional 87,947 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

About VTEX

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.