VTEX (NYSE:VTEX) Reaches New 12-Month Low – Here’s Why

VTEX (NYSE:VTEX) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $2.84 and last traded at $2.88, with a volume of 709898 shares changing hands. The stock had previously closed at $3.04.

Wall Street Analysts Forecast Growth

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

VTEX Price Performance

The business has a fifty day moving average of $3.42 and a 200 day moving average of $3.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.10. The stock has a market cap of $526.46 million, a PE ratio of 32.00 and a beta of 1.34.

Institutional Trading of VTEX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in VTEX during the 2nd quarter valued at $39,000. ProShare Advisors LLC bought a new stake in shares of VTEX in the 4th quarter worth about $39,000. Aquatic Capital Management LLC acquired a new stake in shares of VTEX in the 3rd quarter valued at about $41,000. Ieq Capital LLC bought a new position in shares of VTEX during the fourth quarter worth about $41,000. Finally, nVerses Capital LLC acquired a new position in VTEX in the fourth quarter worth about $49,000. 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.