Aberdeen Group plc Boosts Stake in VTEX $VTEX

Key Points

• Aberdeen Group plc increased its stake in VTEX by 39%, owning approximately 368,962 shares valued at around $2.47 million by the end of the last quarter.
• The company reported $58.8 million in revenue for the recent quarter, slightly below the consensus estimate of $60.35 million, with earnings per share matching expectations at $0.02.
• Various analysts have mixed ratings for VTEX, with price targets ranging from $6.00 to $10.00, suggesting an average rating of "Moderate Buy".

Aberdeen Group plc grew its position in shares of VTEX (NYSE:VTEX - Free Report) by 39.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 368,962 shares of the company's stock after acquiring an additional 103,449 shares during the quarter. Aberdeen Group plc owned about 0.20% of VTEX worth $2,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Diversified Trust Co acquired a new stake in VTEX during the 2nd quarter worth approximately $122,000. HighTower Advisors LLC increased its position in shares of VTEX by 50.4% in the first quarter. HighTower Advisors LLC now owns 34,449 shares of the company's stock worth $175,000 after acquiring an additional 11,548 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of VTEX by 37.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company's stock worth $187,000 after acquiring an additional 10,110 shares in the last quarter. Ashoka WhiteOak Capital Pte Ltd raised its stake in shares of VTEX by 130.8% in the 2nd quarter. Ashoka WhiteOak Capital Pte Ltd now owns 86,100 shares of the company's stock valued at $564,000 after acquiring an additional 48,800 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of VTEX by 6.4% in 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 period. 63.69% of the stock is owned by institutional investors and hedge funds.

VTEX Trading Down 0.1%

NYSE VTEX opened at $4.21 on Friday. The company has a market capitalization of $768.67 million, a price-to-earnings ratio of 52.57 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.31 and a quick ratio of 3.31. VTEX has a 12 month low of $3.91 and a 12 month high of $7.07. The company's fifty day moving average price is $4.24 and its two-hundred day moving average price is $5.36.

VTEX (NYSE:VTEX - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. VTEX had a net margin of 5.80% and a return on equity of 5.27%. The company had revenue of $58.80 million during the quarter, compared to the consensus estimate of $60.35 million. VTEX has set its FY 2025 guidance at EPS. As a group, research analysts predict that VTEX will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VTEX. UBS Group lowered their price target on VTEX from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Jefferies Financial Group upgraded VTEX from a "hold" rating to a "buy" rating and dropped their target price for the company from $7.30 to $6.50 in a report on Wednesday, September 17th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $6.00 price target (down from $7.50) on shares of VTEX in a research report on Friday, August 8th. Citigroup assumed coverage on VTEX in a report on Monday, June 23rd. They issued a "buy" rating and a $10.00 price target for the company. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of VTEX in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, VTEX presently has an average rating of "Moderate Buy" and an average price target of $7.16.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.

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