Truxt Investmentos Ltda. acquired a new stake in shares of VTEX (NYSE:VTEX – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,269,177 shares of the company's stock, valued at approximately $8,396,000. VTEX accounts for approximately 1.6% of Truxt Investmentos Ltda.'s investment portfolio, making the stock its 9th biggest position.
Other institutional investors have also recently bought and sold shares of the company. BW Gestao de Investimentos Ltda. bought a new position in VTEX in the third quarter valued at approximately $1,406,000. Riverwood Capital Management Ltd. lifted its stake in VTEX by 37.0% in the third quarter. Riverwood Capital Management Ltd. now owns 1,850,000 shares of the company's stock valued at $6,845,000 after buying an additional 500,000 shares in the last quarter. Knowledge Leaders Capital LLC bought a new position in VTEX in the second quarter valued at approximately $36,000. Mirae Asset Global Investments Co. Ltd. bought a new position in VTEX in the first quarter valued at approximately $513,000. Finally, Quantbot Technologies LP lifted its stake in VTEX by 2,314.4% in the first quarter. Quantbot Technologies LP now owns 61,349 shares of the company's stock valued at $377,000 after buying an additional 58,808 shares in the last quarter. Institutional investors and hedge funds own 38.09% of the company's stock.
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A number of brokerages have weighed in on VTEX. Itau BBA Securities lowered shares of VTEX from an "outperform" rating to a "market perform" rating in a research note on Wednesday, September 21st. Itaú Unibanco lowered shares of VTEX to a "market perform" rating in a research report on Wednesday, September 21st. UBS Group initiated coverage on shares of VTEX in a research report on Thursday, October 20th. They issued a "neutral" rating and a $4.30 price objective on the stock. Piper Sandler cut their price objective on shares of VTEX from $6.00 to $5.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 20th. Finally, Morgan Stanley lowered shares of VTEX from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $7.00 to $5.00 in a research report on Monday, December 19th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.40.
VTEX Price Performance
NYSE VTEX opened at $4.32 on Friday. The company has a quick ratio of 5.02, a current ratio of 5.02 and a debt-to-equity ratio of 0.02. The firm's fifty day moving average price is $3.84 and its two-hundred day moving average price is $3.78. VTEX has a 1 year low of $2.66 and a 1 year high of $8.90.VTEX (NYSE:VTEX – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). VTEX had a negative return on equity of 20.72% and a negative net margin of 42.02%. The firm had revenue of $38.75 million for the quarter, compared to the consensus estimate of $37.62 million. Equities research analysts expect that VTEX will post -0.28 earnings per share for the current year.
VTEX Profile
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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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