Nuveen LLC Invests $7.02 Million in VTEX $VTEX

Key Points

• Nuveen LLC has made a significant investment of $7.02 million in VTEX by acquiring approximately 1.39 million shares, representing 0.76% ownership of the company.
• VTEX recently issued earnings of $0.02 per share, matching analyst expectations, although its quarterly revenue fell short of consensus estimates at $58.8 million.
• Several analysts have downgraded their price targets for VTEX, with UBS lowering its target from $10.00 to $8.00 and JPMorgan reducing theirs to $6.00, reflecting shifting market sentiments.

Nuveen LLC bought a new position in shares of VTEX (NYSE:VTEX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,383,869 shares of the company's stock, valued at approximately $7,016,000. Nuveen LLC owned 0.76% of VTEX as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VTEX. Softbank Group CORP. grew its holdings in VTEX by 93.4% in the 4th quarter. Softbank Group CORP. now owns 38,434,587 shares of the company's stock valued at $226,380,000 after buying an additional 18,559,399 shares in the last quarter. Millennium Management LLC grew its stake in VTEX by 371.2% during the 4th quarter. Millennium Management LLC now owns 2,599,366 shares of the company's stock worth $15,310,000 after buying an additional 2,047,671 shares during the last quarter. Polar Capital Holdings Plc lifted its position in VTEX by 21.8% during the 4th quarter. Polar Capital Holdings Plc now owns 5,229,168 shares of the company's stock worth $30,800,000 after acquiring an additional 936,551 shares during the period. Nuveen Asset Management LLC lifted its position in VTEX by 1,082.4% during the 4th quarter. Nuveen Asset Management LLC now owns 876,508 shares of the company's stock worth $5,163,000 after acquiring an additional 802,381 shares during the period. Finally, AMS Capital Ltda lifted its holdings in shares of VTEX by 51.5% in the 1st quarter. AMS Capital Ltda now owns 1,699,053 shares of the company's stock valued at $8,614,000 after buying an additional 577,580 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VTEX has been the subject of several recent research reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $6.00 price target (down previously from $7.50) on shares of VTEX in a research report on Friday, August 8th. UBS Group cut their target price on VTEX from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Citigroup initiated 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. Jefferies Financial Group began coverage on shares of VTEX in a report on Thursday, May 22nd. They set a "hold" rating and a $7.30 price target for the company. Finally, Wall Street Zen raised VTEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, VTEX has a consensus rating of "Moderate Buy" and an average target price of $7.83.

VTEX Price Performance

Shares of NYSE VTEX traded down $0.10 during midday trading on Wednesday, reaching $4.02. The company's stock had a trading volume of 1,447,935 shares, compared to its average volume of 1,612,858. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.31 and a current ratio of 3.31. VTEX has a fifty-two week low of $3.93 and a fifty-two week high of $7.58. The business's 50 day moving average price is $5.69 and its two-hundred day moving average price is $5.62. The company has a market cap of $733.94 million, a P/E ratio of 50.19 and a beta of 1.34.

VTEX (NYSE:VTEX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. VTEX had a net margin of 5.80% and a return on equity of 5.27%. The business 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. On average, analysts forecast that VTEX will post 0.08 EPS for the current fiscal year.

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.