VTEX (NYSE:VTEX) Trading Down 5.2% – Here’s What Happened

VTEX (NYSE:VTEX)’s stock price traded down 5.2% during mid-day trading on Friday . The company traded as low as $3.54 and last traded at $3.5350. 697,556 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 1,222,154 shares. The stock had previously closed at $3.73.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Wednesday, March 11th. Weiss Ratings lowered shares of VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. UBS Group upped their target price on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, VTEX presently has a consensus rating of “Hold” and an average target price of $5.98.

VTEX Price Performance

The company has a market cap of $609.50 million, a price-to-earnings ratio of 29.96, a P/E/G ratio of 0.50 and a beta of 1.05. The company’s 50-day simple moving average is $3.89 and its 200-day simple moving average is $3.72.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in VTEX by 11.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,306 shares of the company’s stock worth $122,000 after purchasing an additional 3,389 shares during the period. Van ECK Associates Corp boosted its stake in shares of VTEX by 18.5% during the 3rd quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock valued at $135,000 after buying an additional 4,802 shares during the period. Barclays PLC boosted its stake in shares of VTEX by 6.3% during the 4th quarter. Barclays PLC now owns 87,792 shares of the company’s stock valued at $330,000 after buying an additional 5,169 shares during the period. Summit Securities Group LLC acquired a new stake in shares of VTEX during the 1st quarter valued at $29,000. Finally, MQS Management LLC boosted its stake in shares of VTEX by 59.0% during the 4th quarter. MQS Management LLC now owns 23,512 shares of the company’s stock valued at $88,000 after buying an additional 8,722 shares during the period. Institutional investors and hedge funds 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.