VTEX (NYSE:VTEX) Sets New 1-Year Low on Analyst Downgrade

VTEX (NYSE:VTEX) hit a new 52-week low during trading on Friday after UBS Group lowered their price target on the stock from $12.50 to $11.00. UBS Group currently has a buy rating on the stock. VTEX traded as low as $5.68 and last traded at $5.84, with a volume of 12796 shares changing hands. The stock had previously closed at $5.84.

Separately, Citigroup initiated coverage on shares of VTEX in a report on Thursday, December 5th. They issued a “neutral” rating and a $6.70 price objective on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, VTEX has a consensus rating of “Moderate Buy” and an average target price of $9.62.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VTEX. Renaissance Technologies LLC grew its stake 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 purchasing an additional 129,100 shares during the period. Fourth Sail Capital LP grew its position in VTEX by 125.0% during the second quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock valued at $22,497,000 after buying an additional 1,721,568 shares during the period. Acadian Asset Management LLC grew its position in VTEX by 23.0% during the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock valued at $12,233,000 after buying an additional 315,507 shares during the period. Janus Henderson Group PLC increased its holdings in VTEX by 2,128.1% in the third quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock valued at $4,144,000 after buying an additional 533,163 shares in the last quarter. Finally, AMS Capital Ltda raised its position in shares of VTEX by 12.9% in the third quarter. AMS Capital Ltda now owns 726,443 shares of the company’s stock worth $5,405,000 after acquiring an additional 83,096 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

VTEX Stock Performance

The firm’s 50 day moving average price is $6.51 and its 200-day moving average price is $6.80. The firm has a market capitalization of $1.05 billion, a PE ratio of 94.68 and a beta of 1.34.

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

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.