VTEX (NYSE:VTEX) Sees Large Decrease in Short Interest

VTEX (NYSE:VTEX - Get Free Report) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 108,600 shares, a decline of 35.5% from the March 31st total of 168,400 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 468,600 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On VTEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC acquired a new stake in shares of VTEX in the 1st quarter worth approximately $283,000. Quadrature Capital Ltd grew its holdings in shares of VTEX by 4.8% in the 4th quarter. Quadrature Capital Ltd now owns 156,192 shares of the company's stock worth $1,075,000 after acquiring an additional 7,142 shares during the period. Absoluto Partners Gestao de Recursos Ltda acquired a new stake in shares of VTEX in the 4th quarter worth approximately $7,899,000. Artisan Partners Limited Partnership acquired a new stake in shares of VTEX in the 4th quarter worth approximately $316,000. Finally, Trexquant Investment LP grew its holdings in shares of VTEX by 180.7% in the 4th quarter. Trexquant Investment LP now owns 140,041 shares of the company's stock worth $963,000 after acquiring an additional 90,149 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.

VTEX Stock Performance

NYSE VTEX traded up $0.14 on Friday, hitting $7.46. 300,871 shares of the company's stock were exchanged, compared to its average volume of 423,942. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45. The firm's 50-day moving average price is $8.13 and its two-hundred day moving average price is $7.26. VTEX has a fifty-two week low of $3.32 and a fifty-two week high of $9.59. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -106.56 and a beta of 1.41.

VTEX (NYSE:VTEX - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.02 earnings per share (EPS) for the quarter. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. The company had revenue of $60.70 million for the quarter, compared to analysts' expectations of $57.07 million. The business's revenue was up 33.4% compared to the same quarter last year. On average, research analysts expect that VTEX will post -0.03 EPS for the current year.

Analyst Ratings Changes

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

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.

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