Banco BTG Pactual S.A. Buys 774,484 Shares of VTEX $VTEX

Key Points

• Banco BTG Pactual S.A. has increased its stake in VTEX by 86.4% in Q1, now holding 1,671,340 shares, which represents approximately 2.1% of its portfolio.
• VTEX reported a quarterly revenue of $58.80 million, slightly below analysts' expectations, with earnings per share (EPS) matching estimates at $0.02.
• Analysts have a consensus rating of "Moderate Buy" for VTEX, with two firms rating it as a "Buy" and two as a "Hold," while the consensus target price is $8.33.

Banco BTG Pactual S.A. raised its position in shares of VTEX (NYSE:VTEX - Free Report) by 86.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,671,340 shares of the company's stock after purchasing an additional 774,484 shares during the quarter. VTEX accounts for 2.1% of Banco BTG Pactual S.A.'s investment portfolio, making the stock its 12th biggest holding. Banco BTG Pactual S.A. owned about 0.91% of VTEX worth $8,474,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in VTEX. State of Wyoming acquired a new stake in VTEX during the 4th quarter valued at $45,000. Occudo Quantitative Strategies LP acquired a new stake in VTEX during the 4th quarter valued at $81,000. Graham Capital Management L.P. acquired a new stake in VTEX during the 4th quarter valued at $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of VTEX by 15.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company's stock worth $157,000 after acquiring an additional 3,644 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake 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 during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

VTEX Stock Up 4.4%

VTEX traded up $0.1750 during trading on Friday, hitting $4.1750. The company had a trading volume of 1,727,359 shares, compared to its average volume of 1,500,351. 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 one year low of $3.93 and a one year high of $7.61. The firm's 50-day moving average price is $5.83 and its 200 day moving average price is $5.67. The company has a market capitalization of $763.19 million, a PE ratio of 52.19 and a beta of 1.34.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $60.35 million. VTEX has set its FY 2025 guidance at EPS. As a group, equities analysts expect that VTEX will post 0.08 earnings per share 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.