VTEX (NYSE:VTEX) Hits New 52-Week Low – Here’s What Happened

VTEX (NYSE:VTEX)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $3.65 and last traded at $3.6750, with a volume of 482464 shares. The stock had previously closed at $3.76.

Wall Street Analyst Weigh In

VTEX has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. The Goldman Sachs Group started coverage on VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a research note on Tuesday, October 14th. Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and dropped their target price for the company from $7.30 to $6.50 in a report on Wednesday, September 17th. Finally, Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, VTEX has a consensus rating of “Moderate Buy” and an average target price of $6.96.

VTEX Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.10. The firm has a market capitalization of $664.48 million, a PE ratio of 40.39 and a beta of 1.34. The firm has a 50-day simple moving average of $3.98 and a 200-day simple moving average of $4.69.

VTEX (NYSE:VTEX) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $59.61 million during the quarter, compared to analyst estimates of $59.80 million. VTEX had a return on equity of 6.63% and a net margin of 7.03%.VTEX’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 EPS. As a group, equities analysts forecast that VTEX will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On VTEX

A number of hedge funds and other institutional investors have recently modified their holdings of VTEX. Millennium Management LLC raised its position in VTEX by 202.5% during the 3rd quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock valued at $6,706,000 after purchasing an additional 1,024,911 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of VTEX in the 3rd quarter worth $4,412,000. Citadel Advisors LLC raised its holdings in VTEX by 524.5% in the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after purchasing an additional 850,132 shares in the last quarter. Polar Capital Holdings Plc raised its stake in shares of VTEX by 11.9% during the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after acquiring an additional 748,712 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. lifted its position in VTEX by 1,301.0% during the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock valued at $4,929,000 after acquiring an additional 693,457 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

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.