VTEX (NYSE:VTEX) Sets New 12-Month Low – What’s Next?

VTEX (NYSE:VTEX) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.87 and last traded at $3.7750, with a volume of 2010155 shares changing hands. The stock had previously closed at $4.32.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VTEX shares. Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and decreased their target price for the stock from $7.30 to $6.50 in a research report on Wednesday, September 17th. The Goldman Sachs Group assumed coverage on VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective for the company. Wall Street Zen upgraded VTEX from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $6.00 price objective (down previously from $7.50) on shares of VTEX in a research note on Friday, August 8th. Finally, UBS Group cut their price objective on shares of VTEX from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.16.

VTEX Stock Down 9.1%

The firm has a 50-day simple moving average of $4.33 and a 200 day simple moving average of $5.32. The company has a market capitalization of $717.49 million, a PE ratio of 48.94 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.31 and a quick ratio of 3.31.

VTEX (NYSE:VTEX) last announced its earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $59.61 million for the quarter, compared to the consensus estimate of $59.80 million. VTEX had a return on equity of 5.27% and a net margin of 5.80%.The company’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS. On average, research analysts predict that VTEX will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in VTEX by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock worth $239,000 after buying an additional 2,169 shares during the period. Public Employees Retirement System of Ohio boosted its position in VTEX by 6.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,279 shares of the company’s stock valued at $589,000 after buying an additional 5,376 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of VTEX during the second quarter valued at about $39,000. State of Wyoming purchased a new stake in shares of VTEX during the second quarter worth about $59,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of VTEX by 37.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock worth $187,000 after acquiring an additional 10,110 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

VTEX Company 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.