VTEX (NYSE:VTEX) Short Interest Update

VTEX (NYSE:VTEX) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 2,740,339 shares, an increase of 23.3% from the January 29th total of 2,221,991 shares. Based on an average daily volume of 1,100,889 shares, the short-interest ratio is presently 2.5 days. Currently, 2.5% of the shares of the stock are sold short. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily volume of 1,100,889 shares, the short-interest ratio is presently 2.5 days.

VTEX Stock Up 1.8%

VTEX stock traded up $0.07 during mid-day trading on Wednesday, hitting $3.64. The company’s stock had a trading volume of 942,330 shares, compared to its average volume of 1,099,914. VTEX has a 52-week low of $2.84 and a 52-week high of $6.82. The company has a market cap of $664.48 million, a PE ratio of 33.05, a price-to-earnings-growth ratio of 0.63 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.04 and a quick ratio of 3.10. The firm’s 50 day moving average is $3.36 and its 200 day moving average is $3.87.

VTEX (NYSE:VTEX) last issued its earnings results on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. VTEX had a return on equity of 8.24% and a net margin of 8.32%.The company had revenue of $67.95 million for the quarter, compared to the consensus estimate of $68.11 million. On average, analysts anticipate that VTEX will post 0.08 earnings per share for the current year.

Institutional Trading of VTEX

Several hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc increased its position in VTEX by 2,007.5% in the 2nd quarter. Legal & General Group Plc now owns 276,995 shares of the company’s stock worth $1,828,000 after purchasing an additional 263,852 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in shares of VTEX by 8.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,596,050 shares of the company’s stock valued at $10,534,000 after buying an additional 126,875 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in VTEX in the second quarter worth approximately $464,000. Norges Bank bought a new position in VTEX during the second quarter valued at approximately $2,670,000. Finally, Principal Financial Group Inc. bought a new position in VTEX during the third quarter valued at approximately $735,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VTEX shares. JPMorgan Chase & Co. lowered their price target on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. UBS Group cut VTEX from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $8.00 to $4.00 in a report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.16.

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.