VTEX (NYSE:VTEX) Reaches New 1-Year Low – Should You Sell?

VTEX (NYSE:VTEX)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $2.84 and last traded at $2.88, with a volume of 709898 shares. The stock had previously closed at $3.04.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group downgraded VTEX from a “buy” rating to a “neutral” rating and lowered their price target for the company from $8.00 to $4.00 in a report on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price objective on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.16.

VTEX Trading Down 5.3%

The company has a market cap of $526.46 million, a price-to-earnings ratio of 32.00 and a beta of 1.34. 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’s fifty day moving average price is $3.42 and its 200-day moving average price is $3.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Polar Capital Holdings Plc increased its stake in shares of 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 purchasing an additional 748,712 shares during the period. Millennium Management LLC grew its holdings in VTEX by 36.6% in the 4th quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock worth $7,865,000 after buying an additional 560,828 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in VTEX by 8.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,596,050 shares of the company’s stock worth $10,534,000 after buying an additional 126,875 shares in the last quarter. State Street Corp increased its position in VTEX by 7.7% in the 4th quarter. State Street Corp now owns 1,590,672 shares of the company’s stock valued at $5,981,000 after acquiring an additional 114,256 shares during the period. Finally, Citadel Advisors LLC raised its stake in VTEX by 524.5% during the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after acquiring an additional 850,132 shares in 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.