VTEX (NYSE:VTEX) Stock Price Down 5.1% – Here’s What Happened

VTEX (NYSE:VTEX)’s share price fell 5.1% on Tuesday . The company traded as low as $3.97 and last traded at $3.9950. Approximately 118,521 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,363,269 shares. The stock had previously closed at $4.21.

Analyst Ratings Changes

A number of research firms have recently commented on VTEX. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Brean Capital raised shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, March 11th. UBS Group lifted their price target on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, VTEX currently has a consensus rating of “Moderate Buy” and an average target price of $5.18.

VTEX Price Performance

The company has a 50-day moving average price of $3.75 and a two-hundred day moving average price of $3.66. The company has a market cap of $669.16 million, a PE ratio of 32.45, a P/E/G ratio of 0.56 and a beta of 1.05.

VTEX (NYSE:VTEX) last announced its earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $60.70 million for the quarter, compared to analysts’ expectations of $60.65 million. VTEX had a net margin of 9.40% and a return on equity of 9.68%. On average, equities research analysts anticipate that VTEX will post 0.19 earnings per share for the current year.

Insider Activity

In other news, Director Alejandro Raul Scannapieco sold 15,937 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.59, for a total transaction of $57,213.83. Following the transaction, the director directly owned 9,965 shares of the company’s stock, valued at approximately $35,774.35. The trade was a 61.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 86,249 shares of company stock worth $340,311 in the last 90 days. Company insiders own 40.93% of the company’s stock.

Hedge Funds Weigh In On VTEX

Institutional investors have recently added to or reduced their stakes in the company. Banco BTG Pactual S.A. increased its position in shares of VTEX by 29.9% during the fourth quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company’s stock worth $2,271,000 after acquiring an additional 139,100 shares during the last quarter. FNY Investment Advisers LLC grew its stake in VTEX by 577.8% during the 3rd quarter. FNY Investment Advisers LLC now owns 268,740 shares of the company’s stock valued at $1,177,000 after purchasing an additional 229,091 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in VTEX by 69.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 79,828 shares of the company’s stock worth $350,000 after purchasing an additional 32,686 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of VTEX in the 3rd quarter valued at approximately $377,000. Finally, State of Wyoming acquired a new position in shares of VTEX in the 1st quarter valued at approximately $70,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

About VTEX

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.