Vtex (NYSE:VTEX) Stock Price Down 7.6%

Shares of Vtex (NYSE:VTEX) were down 7.6% during mid-day trading on Thursday . The stock traded as low as $7.73 and last traded at $7.74. Approximately 1,594 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 654,663 shares. The stock had previously closed at $8.38.

A number of research firms have weighed in on VTEX. KeyCorp cut their target price on shares of Vtex from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, October 21st. Zacks Investment Research raised shares of Vtex from a “sell” rating to a “hold” rating in a research report on Saturday, January 8th. Finally, Morgan Stanley raised shares of Vtex from an “equal weight” rating to an “overweight” rating and set a $30.00 price objective for the company in a research report on Friday, September 24th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.43.

The stock’s fifty day moving average is $12.85. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.02.

Vtex (NYSE:VTEX) last posted its earnings results on Wednesday, November 17th. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). Vtex had a negative return on equity of 40.74% and a negative net margin of 45.99%. The firm had revenue of $31.90 million during the quarter, compared to analyst estimates of $31.29 million. The company’s revenue was up 15.6% compared to the same quarter last year. Equities research analysts forecast that Vtex will post -0.37 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in VTEX. Lone Pine Capital LLC acquired a new stake in Vtex in the 3rd quarter worth about $108,504,000. Gavea Investimentos Ltda acquired a new position in shares of Vtex in the 3rd quarter valued at approximately $85,647,000. Viking Global Investors LP acquired a new position in shares of Vtex in the 3rd quarter valued at approximately $62,551,000. Goldman Sachs Group Inc. acquired a new position in shares of Vtex in the 3rd quarter valued at approximately $43,799,000. Finally, VELT Partners Investimentos Ltda. acquired a new position in shares of Vtex in the 3rd quarter valued at approximately $18,552,000. 41.72% of the stock is owned by institutional investors.

Vtex Company Profile (NYSE:VTEX)

VTEX provides a software-as-a-service digital commerce platform for enterprise brands and retailers. The company’s platform enables customers to execute 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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