Absolute Gestao de Investimentos Ltda. Has $1.91 Million Holdings in VTEX $VTEX

Key Points

• Absolute Gestao de Investimentos Ltda. increased its holdings in VTEX by 30.4%, now owning approximately $1.91 million worth of the company's stock.
• Recent ratings from analysts show a mixed outlook for VTEX, with two analysts giving a hold rating and three issuing buy recommendations, contributing to a consensus rating of "Moderate Buy."
• VTEX reported a quarterly revenue of $58.80 million, which missed analyst estimates, and its earnings per share matched the consensus at $0.02.

Absolute Gestao de Investimentos Ltda. lifted its position in VTEX (NYSE:VTEX - Free Report) by 30.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 376,621 shares of the company's stock after purchasing an additional 87,779 shares during the quarter. VTEX accounts for 0.8% of Absolute Gestao de Investimentos Ltda.'s portfolio, making the stock its 19th largest position. Absolute Gestao de Investimentos Ltda. owned about 0.21% of VTEX worth $1,909,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VTEX. Raymond James Financial Inc. acquired a new stake in shares of VTEX in the fourth quarter valued at $399,000. Walleye Capital LLC acquired a new position in shares of VTEX during the 4th quarter worth about $1,165,000. Marshall Wace LLP grew its position in shares of VTEX by 2.2% during the 4th quarter. Marshall Wace LLP now owns 511,985 shares of the company's stock worth $3,016,000 after buying an additional 11,042 shares during the period. White Oak Capital Partners Pte. Ltd. acquired a new position in shares of VTEX during the 4th quarter worth about $216,000. Finally, Northern Trust Corp grew its position in shares of VTEX by 245.2% during the 4th quarter. Northern Trust Corp now owns 136,898 shares of the company's stock worth $806,000 after buying an additional 97,239 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VTEX. Wall Street Zen upgraded VTEX from a "hold" rating to a "buy" rating in a report on Saturday. Jefferies Financial Group assumed coverage on VTEX in a research note on Thursday, May 22nd. They issued a "hold" rating and a $7.30 target price on the stock. Citigroup assumed coverage on VTEX in a research note on Monday, June 23rd. They issued a "buy" rating and a $10.00 target price on the stock. UBS Group cut their target price on VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $6.00 target price (down previously from $7.50) on shares of VTEX in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.33.

VTEX Stock Performance

NYSE:VTEX opened at $4.08 on Monday. The stock's 50-day simple moving average is $6.09 and its 200 day simple moving average is $5.75. VTEX has a twelve month low of $3.93 and a twelve month high of $8.03. The firm has a market capitalization of $745.82 million, a PE ratio of 51.01 and a beta of 1.34. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. VTEX had a return on equity of 5.27% and a net margin of 5.80%. The firm had revenue of $58.80 million for the quarter, compared to analyst estimates of $60.35 million. On average, analysts anticipate that VTEX will post 0.08 EPS for the current fiscal year.

VTEX 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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