VTEX (NYSE:VTEX) Trading Down 4.2%

VTEX (NYSE:VTEX - Get Free Report)'s stock price was down 4.2% on Thursday . The company traded as low as $8.11 and last traded at $8.13. Approximately 260,435 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 474,028 shares. The stock had previously closed at $8.49.

Analysts Set New Price Targets

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

VTEX Trading Down 2.7 %

The stock has a 50 day simple moving average of $8.15 and a 200-day simple moving average of $7.05. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.52 billion, a P/E ratio of -117.98 and a beta of 1.41.

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

Institutional Investors Weigh In On VTEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in shares of VTEX in the fourth quarter valued at about $28,000. State of Wyoming purchased a new stake in VTEX during the 2nd quarter valued at approximately $34,000. Advisors Asset Management Inc. bought a new stake in shares of VTEX during the first quarter valued at approximately $59,000. Fox Run Management L.L.C. bought a new position in shares of VTEX during the third quarter worth $53,000. Finally, Citigroup Inc. grew its stake in VTEX by 1,707.8% during the first quarter. Citigroup Inc. now owns 10,829 shares of the company's stock valued at $66,000 after acquiring an additional 10,230 shares in the last quarter. 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.