VTEX (NYSE:VTEX) Trading Down 3.2%

VTEX (NYSE:VTEX) was down 3.2% during mid-day trading on Tuesday . The company traded as low as $7.24 and last traded at $7.25. Approximately 257,212 shares traded hands during trading, a decline of 45% from the average daily volume of 470,383 shares. The stock had previously closed at $7.49.

Analyst Ratings Changes

A number of equities analysts recently issued reports on VTEX shares. Piper Sandler raised their price objective on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price target on shares of VTEX from $6.50 to $9.00 and gave the company a “neutral” rating in a report on Friday, March 1st. UBS Group lifted their price target on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a report on Monday, March 25th. Bank of America lifted their price objective on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Morgan Stanley upgraded shares of VTEX from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $5.50 to $8.00 in a research report on Friday, January 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.44.

VTEX Price Performance

The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.01. The firm’s 50 day simple moving average is $8.13 and its 200 day simple moving average is $7.20. The company has a market capitalization of $1.34 billion, a PE ratio of -104.56 and a beta of 1.41.

VTEX (NYSE:VTEX) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.02 EPS for the quarter. The company had revenue of $60.70 million during the quarter, compared to analyst estimates of $57.07 million. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. VTEX’s revenue was up 33.4% compared to the same quarter last year. As a group, research analysts anticipate that VTEX will post -0.03 EPS for the current fiscal year.

Institutional Trading of VTEX

A number of hedge funds have recently added to or reduced their stakes in VTEX. Exchange Traded Concepts LLC bought a new position in VTEX in the fourth quarter worth about $28,000. Fox Run Management L.L.C. acquired a new position in shares of VTEX during the third quarter valued at about $53,000. New York State Common Retirement Fund acquired a new position in VTEX in the 4th quarter worth approximately $99,000. Baader Bank Aktiengesellschaft acquired a new position in VTEX in the 4th quarter worth approximately $138,000. Finally, Van ECK Associates Corp boosted its position in VTEX by 28.6% in the 4th quarter. Van ECK Associates Corp now owns 33,226 shares of the company’s stock worth $229,000 after purchasing an additional 7,392 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

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.