Acadian Asset Management LLC Acquires 972,534 Shares of VTEX (NYSE:VTEX)

Acadian Asset Management LLC lifted its position in shares of VTEX (NYSE:VTEX) by 242.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,373,698 shares of the company’s stock after acquiring an additional 972,534 shares during the quarter. Acadian Asset Management LLC owned approximately 0.75% of VTEX worth $11,192,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in VTEX. Baader Bank Aktiengesellschaft acquired a new position in VTEX in the fourth quarter valued at about $138,000. New York State Common Retirement Fund acquired a new stake in shares of VTEX in the 4th quarter valued at approximately $99,000. Exchange Traded Concepts LLC bought a new position in VTEX during the 4th quarter worth approximately $28,000. Absoluto Partners Gestao de Recursos Ltda bought a new position in VTEX during the 4th quarter worth approximately $7,899,000. Finally, GSA Capital Partners LLP grew its holdings in VTEX by 99.2% during the first quarter. GSA Capital Partners LLP now owns 54,454 shares of the company’s stock valued at $445,000 after purchasing an additional 27,112 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Stock Performance

Shares of VTEX stock traded up $0.09 on Friday, reaching $6.71. The stock had a trading volume of 418,909 shares, compared to its average volume of 438,737. The firm’s 50-day moving average is $6.92 and its two-hundred day moving average is $7.57. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -167.75 and a beta of 1.38. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.01. VTEX has a 12 month low of $4.66 and a 12 month high of $9.59.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. VTEX had a negative net margin of 3.87% and a negative return on equity of 3.32%. The business had revenue of $52.60 million for the quarter, compared to analyst estimates of $53.45 million. During the same quarter in the prior year, the business earned ($0.04) EPS. VTEX’s quarterly revenue was up 24.3% on a year-over-year basis. On average, research analysts expect that VTEX will post -0.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group increased their target price on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, March 25th. JPMorgan Chase & Co. raised VTEX from a “neutral” rating to an “overweight” rating and set a $9.00 target price on the stock in a research report on Tuesday, May 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $10.20.

VTEX Profile

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.