VTEX (NYSE:VTEX) Sets New 1-Year Low – Here’s Why

VTEX (NYSE:VTEX) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $5.60 and last traded at $5.70, with a volume of 52175 shares changing hands. The stock had previously closed at $5.75.

Analyst Ratings Changes

Several equities research analysts have weighed in on VTEX shares. Citigroup initiated coverage on VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price target on the stock. UBS Group decreased their price target on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a report on Friday, December 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.62.

VTEX Stock Performance

The company has a 50 day moving average of $6.37 and a 200 day moving average of $6.76. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 98.18 and a beta of 1.34.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $56.00 million during the quarter, compared to the consensus estimate of $57.20 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. VTEX’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) EPS. On average, equities analysts predict that VTEX will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VTEX. nVerses Capital LLC acquired a new position in shares of VTEX in the 2nd quarter valued at $40,000. Constellation Investimentos e Participacoes Ltda acquired a new position in shares of VTEX during the second quarter worth about $296,000. Acadian Asset Management LLC increased its position in shares of VTEX by 23.0% in the 2nd quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock valued at $12,233,000 after purchasing an additional 315,507 shares during the last quarter. American Century Companies Inc. increased its holdings in VTEX by 34.1% in the second quarter. American Century Companies Inc. now owns 1,329,824 shares of the company’s stock valued at $9,655,000 after buying an additional 338,527 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of VTEX by 15.9% during the 2nd quarter. Renaissance Technologies LLC now owns 938,800 shares of the company’s stock worth $6,816,000 after acquiring an additional 129,100 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Company Profile

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.