VTEX (NYSE:VTEX – Get Rating) gapped down prior to trading on Friday . The stock had previously closed at $4.07, but opened at $3.94. VTEX shares last traded at $3.84, with a volume of 510 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on VTEX shares. Itau BBA Securities downgraded shares of VTEX from an "outperform" rating to a "market perform" rating in a research note on Wednesday, September 21st. UBS Group assumed coverage on shares of VTEX in a research note on Thursday, October 20th. They set a "neutral" rating and a $4.30 price objective for the company. BTIG Research began coverage on shares of VTEX in a research note on Tuesday, November 8th. They set a "buy" rating for the company. Itaú Unibanco lowered shares of VTEX to a "market perform" rating in a research report on Wednesday, September 21st. Finally, Morgan Stanley lowered shares of VTEX from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $7.00 to $5.00 in a research report on Monday, December 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.40.
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VTEX Price Performance
The company's 50-day moving average price is $3.81 and its two-hundred day moving average price is $3.77. The company has a market cap of $756.48 million, a P/E ratio of -12.00 and a beta of 0.74. The company has a current ratio of 5.02, a quick ratio of 5.02 and a debt-to-equity ratio of 0.02.
VTEX (NYSE:VTEX – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). VTEX had a negative net
margin of 42.02% and a negative return on equity of 20.72%. The business had revenue of $38.75 million during the quarter, compared to analyst estimates of $37.62 million. As a group, sell-side analysts expect that VTEX will post -0.28 earnings per share for the current year.
Institutional Trading of VTEX
A number of institutional investors have recently made changes to their positions in VTEX. Jane Street Group LLC grew its position in VTEX by 289.1% during the third quarter. Jane Street Group LLC now owns 72,218 shares of the company's stock valued at $267,000 after purchasing an additional 53,657 shares in the last quarter. State Street Corp increased its position in shares of VTEX by 69.6% during the 3rd quarter. State Street Corp now owns 295,022 shares of the company's stock worth $1,092,000 after purchasing an additional 121,090 shares in the last quarter. Turim 21 Investimentos Ltda. increased its position in shares of VTEX by 413.9% during the 3rd quarter. Turim 21 Investimentos Ltda. now owns 15,418 shares of the company's stock worth $57,000 after purchasing an additional 12,418 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of VTEX during the 3rd quarter worth about $61,000. Finally, Tudor Investment Corp Et Al grew its holdings in VTEX by 30.0% during the 3rd quarter. Tudor Investment Corp Et Al now owns 53,033 shares of the company's stock worth $196,000 after acquiring an additional 12,252 shares during the last quarter. 38.09% of the stock is owned by institutional investors and hedge funds.
About VTEX
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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.
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