Nuveen LLC Takes Position 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 purchased a new stake in shares of VTEX (NYSE:VTEX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,383,869 shares of the company's stock, valued at approximately $7,016,000. Nuveen LLC owned 0.76% of VTEX at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TimesSquare Capital Management LLC acquired a new position in shares of VTEX during the first quarter valued at about $661,000. New York State Common Retirement Fund raised its position in shares of VTEX by 41.5% during the first quarter. New York State Common Retirement Fund now owns 147,410 shares of the company's stock valued at $747,000 after buying an additional 43,259 shares during the last quarter. Verde Servicos Internacionais S.A. raised its position in shares of VTEX by 166.7% during the first quarter. Verde Servicos Internacionais S.A. now owns 186,670 shares of the company's stock valued at $946,000 after buying an additional 116,670 shares during the last quarter. FNY Investment Advisers LLC raised its position in shares of VTEX by 490.8% during the first quarter. FNY Investment Advisers LLC now owns 410,229 shares of the company's stock valued at $2,079,000 after buying an additional 340,797 shares during the last quarter. Finally, AMS Capital Ltda raised its position in shares of VTEX by 51.5% during the first 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 last quarter. 63.69% of the stock is currently owned by institutional investors.

VTEX Price Performance

NYSE:VTEX traded down $0.01 during mid-day trading on Friday, hitting $4.07. The company's stock had a trading volume of 1,404,404 shares, compared to its average volume of 1,650,328. VTEX has a fifty-two week low of $3.93 and a fifty-two week high of $7.58. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $743.08 million, a price-to-earnings ratio of 50.82 and a beta of 1.34. The stock has a fifty day moving average of $5.60 and a 200-day moving average of $5.58.

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. The firm had revenue of $58.80 million during the quarter, compared to analyst estimates of $60.35 million. VTEX had a net margin of 5.80% and a return on equity of 5.27%. VTEX has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that VTEX will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.