VTEX (NYSE:VTEX) Shares Gap Down – Should You Sell?

VTEX (NYSE:VTEX)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $3.60, but opened at $3.43. VTEX shares last traded at $3.3650, with a volume of 338,995 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a research report on Friday, January 9th. The Goldman Sachs Group initiated coverage on VTEX in a report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 target price on the stock. UBS Group downgraded VTEX from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $8.00 to $4.00 in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Wall Street Zen cut VTEX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 10th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.16.

VTEX Price Performance

The stock has a 50-day moving average price of $3.82 and a 200 day moving average price of $4.50. 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 cap of $594.10 million, a price-to-earnings ratio of 36.12 and a beta of 1.34.

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

Institutional Trading of VTEX

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in shares of VTEX by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock valued at $239,000 after buying an additional 2,169 shares during the last quarter. Van ECK Associates Corp increased its position in VTEX by 18.5% in the 3rd quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock valued at $135,000 after acquiring an additional 4,802 shares during the period. Public Employees Retirement System of Ohio raised its stake in VTEX by 6.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,279 shares of the company’s stock valued at $589,000 after acquiring an additional 5,376 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in VTEX during the 2nd quarter valued at approximately $39,000. Finally, State of Wyoming acquired a new stake in VTEX during the 2nd quarter worth approximately $59,000. Institutional investors and hedge funds 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.