Short Interest in VTEX (NYSE:VTEX) Decreases By 36.4%

VTEX (NYSE:VTEX) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,820,296 shares, a drop of 36.4% from the August 15th total of 2,862,694 shares. Based on an average daily volume of 686,287 shares, the short-interest ratio is presently 2.7 days. Currently, 1.8% of the shares of the stock are sold short.

VTEX Price Performance

VTEX stock opened at $3.65 on Friday. VTEX has a 52-week low of $2.84 and a 52-week high of $4.73. The firm has a market capitalization of $621.44 million, a price-to-earnings ratio of 22.78, a PEG ratio of 0.46 and a beta of 0.99. The company has a fifty day simple moving average of $3.88 and a 200-day simple moving average of $3.86. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEX) last issued its earnings results on Friday, August 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a net margin of 11.98% and a return on equity of 12.98%. On average, equities analysts anticipate that VTEX will post 0.21 EPS for the current fiscal year.

Insider Activity at VTEX

In other news, Director Alejandro Scannapieco sold 11,994 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider André Spolidoro sold 15,000 shares of VTEX stock in a transaction on Monday, August 10th. The shares were sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the sale, the insider directly owned 301,431 shares in the company, valued at $1,217,781.24. This represents a 4.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 97,306 shares of company stock valued at $392,076. Corporate insiders own 40.93% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP purchased a new stake in shares of VTEX in the second quarter valued at approximately $58,000. AXQ Capital LP purchased a new position in VTEX during the second quarter worth approximately $47,000. Public Employees Retirement System of Ohio acquired a new position in VTEX during the second quarter worth $67,000. Globeflex Capital L P acquired a new position in VTEX during the second quarter worth $1,144,000. Finally, Bank of America Corp DE grew its holdings in VTEX by 56.0% in the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after buying an additional 245,306 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on VTEX shares. Morgan Stanley set a $4.00 target price on shares of VTEX and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Wall Street Zen cut VTEX from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Jefferies Financial Group reiterated a “buy” rating and set a $5.10 price objective on shares of VTEX in a research note on Thursday, August 27th. Itau BBA Securities reissued a “market perform” rating and set a $4.50 target price on shares of VTEX in a report on Tuesday, August 25th. Finally, Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, VTEX has an average rating of “Hold” and a consensus target price of $4.69.

About VTEX

VTEX is a global cloud commerce company that provides software for businesses to create, manage and expand digital commerce operations. Its platform supports online stores, marketplaces and unified commerce initiatives, helping companies connect digital and physical sales channels.

VTEX’s product offering includes commerce management, order management, marketplace capabilities, customer and seller tools, payments integrations, promotions, search and merchandising, and content management.