VTEX (NYSE:VTEX) Sees Significant Decline in Short Interest

VTEX (NYSE:VTEX) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,409,259 shares, a decline of 18.2% from the February 26th total of 2,945,348 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,721,615 shares, the days-to-cover ratio is presently 1.4 days.

VTEX Stock Performance

Shares of NYSE:VTEX traded up $0.07 during midday trading on Monday, hitting $3.90. The stock had a trading volume of 496,048 shares, compared to its average volume of 1,219,665. The company has a market capitalization of $673.81 million, a PE ratio of 35.41, a P/E/G ratio of 0.56 and a beta of 1.31. The stock has a 50 day moving average price of $3.44 and a two-hundred day moving average price of $3.85. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. VTEX had a net margin of 8.32% and a return on equity of 8.24%. The firm had revenue of $67.95 million during the quarter, compared to analysts’ expectations of $68.11 million. As a group, equities analysts predict that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of VTEX

Institutional investors have recently modified their holdings of the business. Polar Capital Holdings Plc increased its holdings in VTEX by 11.9% in the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after buying an additional 748,712 shares in the last quarter. Millennium Management LLC increased its stake in VTEX by 36.6% in the 4th quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock valued at $7,865,000 after purchasing an additional 560,828 shares in the last quarter. State Street Corp raised its holdings in VTEX by 7.7% during the fourth quarter. State Street Corp now owns 1,590,672 shares of the company’s stock worth $5,981,000 after purchasing an additional 114,256 shares during the last quarter. Citadel Advisors LLC raised its holdings in VTEX by 524.5% during 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 during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in VTEX during the third quarter worth $4,412,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. UBS Group downgraded shares of VTEX from a “buy” rating to a “neutral” rating and dropped their target price for the company from $8.00 to $4.00 in a research report on Wednesday, January 14th. Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Wednesday, March 11th. Finally, Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.97.

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.