Banco BTG Pactual S.A. Purchases 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. boosted its position in VTEX (NYSE:VTEX - Free Report) by 86.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,671,340 shares of the company's stock after acquiring an additional 774,484 shares during the quarter. VTEX accounts for 2.1% of Banco BTG Pactual S.A.'s holdings, making the stock its 12th largest holding. Banco BTG Pactual S.A. owned 0.91% of VTEX worth $8,474,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VTEX. State of Wyoming bought a new position in VTEX in the fourth quarter valued at approximately $45,000. Occudo Quantitative Strategies LP bought a new stake in shares of VTEX during the fourth quarter worth $81,000. Graham Capital Management L.P. bought a new stake in shares of VTEX during the fourth quarter worth $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of VTEX by 50.4% during the first quarter. HighTower Advisors LLC now owns 34,449 shares of the company's stock worth $175,000 after buying an additional 11,548 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

VTEX Trading Down 2.0%

Shares of VTEX stock traded down $0.0850 during midday trading on Monday, reaching $4.1050. The company had a trading volume of 369,239 shares, compared to its average volume of 985,810. The stock has a fifty day moving average price of $5.83 and a 200 day moving average price of $5.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.31 and a quick ratio of 3.31. The firm has a market cap of $750.39 million, a PE ratio of 51.32 and a beta of 1.34. VTEX has a fifty-two week low of $3.93 and a fifty-two week high of $7.61.

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

Wall Street Analyst Weigh In

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

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.