Absolute Gestao de Investimentos Ltda. Acquires 87,779 Shares of 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. increased its stake in shares of VTEX (NYSE:VTEX - Free Report) by 30.4% in the 1st 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 buying an additional 87,779 shares during the quarter. VTEX accounts for 0.8% of Absolute Gestao de Investimentos Ltda.'s investment portfolio, making the stock its 19th largest holding. Absolute Gestao de Investimentos Ltda. owned 0.21% of VTEX worth $1,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in VTEX by 15.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company's stock worth $157,000 after buying an additional 3,644 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in VTEX by 22.2% during the fourth quarter. Point72 Asset Management L.P. now owns 32,200 shares of the company's stock worth $190,000 after buying an additional 5,845 shares in the last quarter. Employees Retirement System of Texas grew its holdings in VTEX by 15.1% during the fourth quarter. Employees Retirement System of Texas now owns 52,238 shares of the company's stock worth $308,000 after buying an additional 6,836 shares in the last quarter. State of Wyoming bought a new position in VTEX in the 4th quarter valued at $45,000. Finally, Marshall Wace LLP grew its stake in VTEX by 2.2% in the 4th quarter. Marshall Wace LLP now owns 511,985 shares of the company's stock valued at $3,016,000 after purchasing an additional 11,042 shares during the period. Institutional investors own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VTEX. Wall Street Zen upgraded VTEX from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Jefferies Financial Group assumed coverage on VTEX in a research note on Thursday, May 22nd. They set a "hold" rating and a $7.30 price target for the company. Citigroup assumed coverage on VTEX in a research note on Monday, June 23rd. They set a "buy" rating and a $10.00 price target for the company. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $6.00 price target (down previously from $7.50) on shares of VTEX in a research note on Friday, August 8th. Finally, UBS Group dropped their price objective on VTEX from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Friday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.83.

VTEX Price Performance

Shares of NYSE VTEX traded up $0.1750 during trading hours on Friday, reaching $4.1750. 1,727,359 shares of the stock traded hands, compared to its average volume of 1,500,351. The company's 50-day simple moving average is $5.83 and its two-hundred day simple moving average is $5.67. 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 has a 52-week low of $3.93 and a 52-week high of $7.61. The company has a market capitalization of $763.19 million, a P/E ratio of 52.19 and a beta of 1.34.

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

About VTEX

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.