VTEX (NYSE:VTEX) Shares Down 5.2% – Here’s Why

VTEX (NYSE:VTEX)’s stock price fell 5.2% during mid-day trading on Friday . The company traded as low as $3.54 and last traded at $3.5350. 697,556 shares changed hands during trading, a decline of 43% from the average session volume of 1,222,154 shares. The stock had previously closed at $3.73.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Brean Capital raised 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. Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. Weiss Ratings lowered shares of VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, UBS Group lifted their price objective on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.98.

VTEX Stock Down 4.2%

The company has a market cap of $609.50 million, a P/E ratio of 29.96, a PEG ratio of 0.50 and a beta of 1.05. The firm has a fifty day moving average price of $3.89 and a 200 day moving average price of $3.72.

VTEX (NYSE:VTEX) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). VTEX had a net margin of 9.40% and a return on equity of 9.68%. The business had revenue of $60.70 million during the quarter, compared to analyst estimates of $60.65 million. On average, sell-side analysts anticipate that VTEX will post 0.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VTEX. Price T Rowe Associates Inc. MD boosted its holdings in VTEX by 11.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,306 shares of the company’s stock valued at $122,000 after acquiring an additional 3,389 shares during the last quarter. Van ECK Associates Corp boosted its holdings in VTEX by 18.5% in the third 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 last quarter. Barclays PLC boosted its holdings in VTEX by 6.3% in the fourth quarter. Barclays PLC now owns 87,792 shares of the company’s stock valued at $330,000 after acquiring an additional 5,169 shares during the last quarter. Summit Securities Group LLC bought a new stake in VTEX in the first quarter valued at approximately $29,000. Finally, MQS Management LLC boosted its holdings in VTEX by 59.0% in the fourth quarter. MQS Management LLC now owns 23,512 shares of the company’s stock valued at $88,000 after acquiring an additional 8,722 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

About VTEX

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.