Short Interest in VTEX (NYSE:VTEX) Rises By 82.4%

VTEX (NYSE:VTEX - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 168,400 shares, an increase of 82.4% from the March 15th total of 92,300 shares. Currently, 0.3% of the company's stock are sold short. Based on an average trading volume of 476,000 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VTEX shares. Morgan Stanley upgraded shares of VTEX from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $5.50 to $8.00 in a report on Friday, January 5th. Bank of America increased their target price on shares of VTEX from $8.50 to $12.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. UBS Group increased their target price on shares of VTEX from $8.50 to $12.00 and gave the stock a "buy" rating in a report on Monday, March 25th. Piper Sandler increased their target price on shares of VTEX from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of VTEX from $6.50 to $9.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $8.44.

VTEX Stock Down 4.8 %

Shares of VTEX stock traded down $0.39 during mid-day trading on Friday, hitting $7.87. 471,504 shares of the stock traded hands, compared to its average volume of 476,586. The stock has a market cap of $1.45 billion, a P/E ratio of -112.34 and a beta of 1.41. The stock's fifty day moving average is $8.15 and its two-hundred day moving average is $7.07. VTEX has a 52-week low of $3.24 and a 52-week high of $9.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.02 EPS for the quarter. The business had revenue of $60.70 million during the quarter, compared to analyst estimates of $57.07 million. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. The firm's revenue was up 33.4% on a year-over-year basis. Equities analysts predict that VTEX will post -0.03 EPS for the current year.

Hedge Funds Weigh In On VTEX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamo Internacional Gestao DE Recursos LTDA. increased its holdings in VTEX by 106.6% in the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 6,611,822 shares of the company's stock worth $33,125,000 after buying an additional 3,410,937 shares during the period. Capital Research Global Investors increased its holdings in VTEX by 19.3% in the 1st quarter. Capital Research Global Investors now owns 4,129,649 shares of the company's stock worth $25,397,000 after buying an additional 667,849 shares during the period. Fourth Sail Capital LP acquired a new position in VTEX in the 4th quarter worth approximately $22,122,000. Bank of New York Mellon Corp acquired a new position in VTEX in the 1st quarter worth approximately $8,747,000. Finally, Absoluto Partners Gestao de Recursos Ltda acquired a new position in VTEX in the 4th quarter worth approximately $7,899,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

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.