OMERS ADMINISTRATION Corp Acquires New Position in VTEX $VTEX

Key Points

• OMERS ADMINISTRATION Corp has invested approximately $672,000 in VTEX, acquiring 132,600 shares in the first quarter and representing about 0.07% of the company's total shares.
• Several institutional investors are increasing their stakes in VTEX, with Northern Trust Corp raising its position by 245.2% during the last quarter.
• Wall Street analysts have mixed opinions on VTEX, with a consensus rating of "Moderate Buy" and a target price of $7.83, despite some analysts lowering their price targets recently.

OMERS ADMINISTRATION Corp bought a new stake in VTEX (NYSE:VTEX - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 132,600 shares of the company's stock, valued at approximately $672,000. OMERS ADMINISTRATION Corp owned about 0.07% of VTEX as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Banco BTG Pactual S.A. raised its holdings in shares of VTEX by 86.4% in the first quarter. Banco BTG Pactual S.A. now owns 1,671,340 shares of the company's stock valued at $8,474,000 after buying an additional 774,484 shares during the last quarter. Absolute Gestao de Investimentos Ltda. raised its holdings in shares of VTEX by 30.4% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 376,621 shares of the company's stock valued at $1,909,000 after buying an additional 87,779 shares during the last quarter. Aberdeen Group plc acquired a new position in shares of VTEX during the first quarter worth about $1,337,000. Russell Investments Group Ltd. increased its stake in shares of VTEX by 14.0% during the first quarter. Russell Investments Group Ltd. now owns 406,678 shares of the company's stock worth $2,064,000 after acquiring an additional 50,018 shares during the period. Finally, HighTower Advisors LLC increased 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 acquiring an additional 11,548 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VTEX. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $6.00 price target (down 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 price target on the stock. Citigroup began coverage on shares of VTEX in a research note on Monday, June 23rd. They set a "buy" rating and a $10.00 price target on the stock. UBS Group dropped their price target on shares of VTEX from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of VTEX from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, VTEX has an average rating of "Moderate Buy" and an average target price of $7.83.

VTEX Price Performance

VTEX traded up $0.07 on Friday, hitting $4.09. 1,206,019 shares of the company were exchanged, compared to its average volume of 1,746,671. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.31 and a current ratio of 3.31. The business's fifty day moving average is $5.35 and its 200 day moving average is $5.51. VTEX has a fifty-two week low of $3.91 and a fifty-two week high of $7.58. The firm has a market capitalization of $746.74 million, a P/E ratio of 51.07 and a beta of 1.31.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $58.80 million for 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, sell-side analysts anticipate that VTEX will post 0.08 EPS for the current year.

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.