Two Sigma Investments LP Trims Stock Holdings in VTEX (NYSE:VTEX)

Two Sigma Investments LP cut its stake in shares of VTEX (NYSE:VTEX - Free Report) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 399,954 shares of the company's stock after selling 60,183 shares during the quarter. Two Sigma Investments LP owned approximately 0.22% of VTEX worth $2,356,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VTEX. Bank Julius Baer & Co. Ltd Zurich bought a new stake in VTEX in the fourth quarter valued at approximately $33,000. State of Wyoming acquired a new position in shares of VTEX in the 4th quarter worth approximately $45,000. SBI Securities Co. Ltd. bought a new stake in shares of VTEX in the 4th quarter valued at $59,000. Occudo Quantitative Strategies LP acquired a new stake in shares of VTEX during the fourth quarter worth $81,000. Finally, Graham Capital Management L.P. acquired a new stake in VTEX during the 4th quarter worth about $101,000. Institutional investors and hedge funds own 63.69% of the company's stock.

VTEX Price Performance

Shares of VTEX stock remained flat at $6.62 during trading on Wednesday. 663,906 shares of the company were exchanged, compared to its average volume of 641,660. VTEX has a 12 month low of $4.20 and a 12 month high of $8.03. The stock has a 50-day moving average price of $5.58 and a 200-day moving average price of $5.77. The company has a market capitalization of $1.21 billion, a P/E ratio of 110.35 and a beta of 1.36.

VTEX (NYSE:VTEX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm had revenue of $54.20 million for the quarter, compared to analyst estimates of $52.81 million. Equities research analysts forecast that VTEX will post 0.08 EPS for the current year.

Analysts Set New Price Targets

VTEX has been the subject of several research reports. Wall Street Zen downgraded shares of VTEX from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Jefferies Financial Group began coverage on VTEX in a research report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, VTEX presently has a consensus rating of "Hold" and an average target price of $8.13.

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.