VTEX (NYSE:VTEX) Stock Price Down 5.1% – Here’s Why

VTEX (NYSE:VTEX)’s stock price was down 5.1% on Tuesday . The company traded as low as $3.97 and last traded at $3.9950. Approximately 118,521 shares changed hands during trading, a decline of 91% from the average daily volume of 1,363,269 shares. The stock had previously closed at $4.21.

Wall Street Analyst Weigh In

VTEX has been the topic of several research reports. Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. UBS Group lifted their target price on VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Finally, Brean Capital upgraded VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.18.

VTEX Price Performance

The company has a market cap of $708.22 million, a price-to-earnings ratio of 34.62, a P/E/G ratio of 0.55 and a beta of 1.03. The firm’s fifty day moving average price is $3.74 and its 200-day moving average price is $3.66.

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

Insider Buying and Selling

In other VTEX news, Director Alejandro Raul Scannapieco sold 15,937 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.59, for a total value of $57,213.83. Following the sale, the director owned 9,965 shares in the company, valued at approximately $35,774.35. This trade represents a 61.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 95,865 shares of company stock valued at $379,159. 40.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On VTEX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC bought a new position in VTEX in the 1st quarter worth approximately $29,000. ProShare Advisors LLC acquired a new position in VTEX during the 4th quarter worth $39,000. Aquatic Capital Management LLC acquired a new position in VTEX during the 3rd quarter worth $41,000. Ieq Capital LLC bought a new position in shares of VTEX in the fourth quarter worth $41,000. Finally, nVerses Capital LLC bought a new position in shares of VTEX in the fourth quarter worth $49,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.