VTEX (NYSE:VTEX) Trading 8.6% Higher – Here’s Why

VTEX (NYSE:VTEX) was up 8.6% on Monday . The company traded as high as $4.08 and last traded at $4.0950. Approximately 261,561 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 1,246,895 shares. The stock had previously closed at $3.77.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. UBS Group upped their price objective on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings upgraded VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Finally, Brean Capital upgraded VTEX from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Wednesday, March 11th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.98.

VTEX Trading Up 8.6%

The stock has a 50-day simple moving average of $3.86 and a 200-day simple moving average of $3.70. The company has a market cap of $698.16 million, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). VTEX had a return on equity of 9.68% and a net margin of 9.40%.The business had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.65 million. As a group, research analysts expect that VTEX will post 0.19 EPS for the current fiscal year.

Insider Transactions at VTEX

In other VTEX news, Director Alejandro Raul Scannapieco sold 15,937 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the completion of the transaction, the director owned 9,965 shares in the company, valued at approximately $35,774.35. The trade was a 61.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 76,633 shares of company stock worth $301,943. Insiders own 40.93% of the company’s stock.

Institutional Trading of VTEX

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in shares of VTEX in the third quarter valued at $735,000. FNY Investment Advisers LLC lifted its holdings in shares of VTEX by 577.8% in the third quarter. FNY Investment Advisers LLC now owns 268,740 shares of the company’s stock valued at $1,177,000 after buying an additional 229,091 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of VTEX by 69.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 79,828 shares of the company’s stock valued at $350,000 after purchasing an additional 32,686 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of VTEX during the third quarter valued at $377,000. Finally, MQS Management LLC purchased a new stake in shares of VTEX during the third quarter valued at $65,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

About VTEX

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.