VTEX (NYSE:VTEX) Shares Climb 4% - What's Next?

Key Points

• VTEX shares rose 4% to about $4.18, though trading volume was 89% below the daily average.
• Analyst sentiment remains cautious: VTEX has an average rating of “Hold” and an average price target of $4.69, with targets ranging from $4.00 to $5.10.
• VTEX slightly beat quarterly EPS expectations, reporting $0.06 versus the $0.05 consensus, while revenue of $64.39 million came in just below estimates.

VTEX (NYSE:VTEX - Get Free Report)'s share price rose 4% during trading on Tuesday. The company traded as high as $4.14 and last traded at $4.1820. 122,587 shares traded hands during trading, a decline of 89% from the average daily volume of 1,154,844 shares. The stock had previously closed at $4.02.

Analyst Ratings Changes

Several brokerages have recently weighed in on VTEX. Morgan Stanley set a $4.00 price objective on VTEX and gave the company an "equal weight" rating in a report on Friday, August 28th. Wall Street Zen lowered VTEX from a "strong-buy" rating to a "buy" rating in a report on Sunday. Bradesco Corretora cut VTEX to a "neutral" rating and set a $4.50 price target for the company. in a research report on Friday, August 7th. Itau BBA Securities reissued a "market perform" rating and set a $4.50 price target on shares of VTEX in a research report on Tuesday, August 25th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $5.10 price target on shares of VTEX in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $4.69.

VTEX Trading Up 8.3%

The business's 50 day simple moving average is $3.73 and its 200 day simple moving average is $3.84. The stock has a market cap of $742.48 million, a price-to-earnings ratio of 27.23, a PEG ratio of 0.50 and a beta of 0.94. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEX - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The company had revenue of $64.39 million for the quarter, compared to analysts' expectations of $64.69 million. On average, research analysts expect that VTEX will post 0.21 EPS for the current fiscal year.

Insider Activity at VTEX

In related news, insider André Spolidoro sold 15,000 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $4.04, for a total value of $60,600.00. Following the transaction, the insider owned 301,431 shares in the company, valued at approximately $1,217,781.24. This represents a 4.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alejandro Scannapieco sold 11,994 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $3.67, for a total transaction of $44,017.98. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,458 shares of company stock valued at $275,723 over the last quarter. 40.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On VTEX

A number of large investors have recently made changes to their positions in VTEX. Bank of America Corp DE lifted its holdings in VTEX by 56.0% during the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company's stock worth $2,732,000 after purchasing an additional 245,306 shares during the last quarter. Hsbc Holdings PLC bought a new stake in VTEX in the 1st quarter valued at about $2,302,000. Principal Financial Group Inc. boosted its holdings in VTEX by 32.2% in the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company's stock valued at $1,321,000 after purchasing an additional 80,460 shares during the period. Globeflex Capital L P acquired a new position in shares of VTEX during the 1st quarter worth approximately $1,144,000. Finally, Sei Investments Co. acquired a new position in shares of VTEX during the 1st quarter worth approximately $844,000. Institutional investors own 63.69% of the company's stock.

VTEX Company Profile

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.

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