Two Sigma Advisers LP Sells 72,200 Shares of VTEX (NYSE:VTEX)

Two Sigma Advisers LP reduced its holdings in VTEX (NYSE:VTEX - Free Report) by 43.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,200 shares of the company's stock after selling 72,200 shares during the period. Two Sigma Advisers LP owned 0.05% of VTEX worth $549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in shares of VTEX during the 4th quarter worth $45,000. Softbank Group CORP. grew its holdings in shares of VTEX by 93.4% during the fourth 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 during the last quarter. Point72 Asset Management L.P. increased its position in shares of VTEX by 22.2% during the fourth quarter. Point72 Asset Management L.P. now owns 32,200 shares of the company's stock worth $190,000 after acquiring an additional 5,845 shares in the last quarter. Polar Capital Holdings Plc lifted its position in VTEX by 21.8% in the 4th quarter. Polar Capital Holdings Plc now owns 5,229,168 shares of the company's stock valued at $30,800,000 after acquiring an additional 936,551 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings 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 purchasing an additional 802,381 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VTEX. Jefferies Financial Group assumed coverage on shares of VTEX in a research report on Thursday, May 22nd. They set a "hold" rating and a $7.30 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Finally, Wall Street Zen lowered shares of VTEX from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, VTEX presently has an average rating of "Hold" and an average price target of $8.13.

VTEX Stock Performance

Shares of VTEX traded up $0.07 during mid-day trading on Friday, reaching $6.67. The company had a trading volume of 133,598 shares, compared to its average volume of 640,831. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 111.10 and a beta of 1.36. The firm has a 50-day moving average price of $5.61 and a 200 day moving average price of $5.77. VTEX has a 52 week low of $4.20 and a 52 week high of $8.03.

VTEX (NYSE:VTEX - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The business had revenue of $54.20 million for the quarter, compared to the consensus estimate of $52.81 million. As a group, research analysts forecast that VTEX will post 0.08 earnings per share for the current fiscal 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.