Verde Servicos Internacionais S.A. Grows Stock Holdings in VTEX (NYSE:VTEX)

Verde Servicos Internacionais S.A. raised its position in shares of VTEX (NYSE:VTEX - Free Report) by 166.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 186,670 shares of the company's stock after buying an additional 116,670 shares during the quarter. VTEX comprises about 0.5% of Verde Servicos Internacionais S.A.'s investment portfolio, making the stock its 22nd largest holding. Verde Servicos Internacionais S.A. owned approximately 0.10% of VTEX worth $946,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. New York State Common Retirement Fund increased its holdings in VTEX by 16.8% in the 4th quarter. New York State Common Retirement Fund now owns 104,151 shares of the company's stock worth $613,000 after buying an additional 14,986 shares during the period. SBI Securities Co. Ltd. purchased a new stake in VTEX in the 4th quarter worth approximately $59,000. Raymond James Financial Inc. purchased a new stake in VTEX in the 4th quarter worth approximately $399,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in VTEX in the 4th quarter worth approximately $33,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in VTEX by 120.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,389 shares of the company's stock worth $314,000 after purchasing an additional 29,218 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

VTEX Price Performance

VTEX stock opened at $6.41 on Monday. The company's fifty day moving average price is $5.98 and its 200 day moving average price is $5.78. VTEX has a 1 year low of $4.20 and a 1 year high of $8.03. The stock has a market capitalization of $1.17 billion, a P/E ratio of 71.20 and a beta of 1.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.39 and a current ratio of 3.39.

VTEX (NYSE:VTEX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $54.20 million for the quarter, compared to analyst estimates of $52.81 million. VTEX had a return on equity of 6.03% and a net margin of 6.70%. As a group, equities research analysts anticipate that VTEX will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on VTEX. UBS Group lowered their price objective on VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, June 13th. JPMorgan Chase & Co. upped their price objective on VTEX from $6.50 to $7.50 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Jefferies Financial Group initiated 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, Wall Street Zen raised shares of VTEX from a "hold" rating to a "buy" rating in a research note on Sunday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $7.88.

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.

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