VTEX (NYSE:VTEX) Hits New 12-Month Low - Here's What Happened

Key Points

• VTEX (NYSE:VTEX) reached a new 52-week low at $4.06, with a traded volume of 186,508 shares, down from a previous close of $4.20.
• Equities analysts have mixed views on VTEX, with ratings ranging from "buy" to "hold" and target prices varying from $6.00 to $10.00, leading to an average rating of "Hold".
• Despite meeting earnings expectations with an EPS of $0.02, VTEX reported revenue of $58.80 million, which fell short of analyst estimates of $60.35 million.

VTEX (NYSE:VTEX - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $4.06 and last traded at $4.06, with a volume of 186508 shares traded. The stock had previously closed at $4.20.

Analyst Ratings Changes

A number of equities analysts have recently commented on VTEX shares. Jefferies Financial Group started coverage on VTEX in a report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 price objective on the stock. JPMorgan Chase & Co. restated a "neutral" rating and issued a $6.00 price objective (down from $7.50) on shares of VTEX in a report on Friday, August 8th. Citigroup started coverage on VTEX in a report on Monday, June 23rd. They issued a "buy" rating and a $10.00 price objective on the stock. Wall Street Zen downgraded VTEX from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, UBS Group cut their price objective on VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, June 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $8.33.

VTEX Trading Down 4.4%

The company has a quick ratio of 3.39, a current ratio of 3.31 and a debt-to-equity ratio of 0.01. The firm has a market cap of $733.94 million, a price-to-earnings ratio of 50.32 and a beta of 1.34. The business has a 50 day moving average price of $6.19 and a 200-day moving average price of $5.79.

VTEX (NYSE:VTEX - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. VTEX had a return on equity of 5.27% and a net margin of 5.80%. The business had revenue of $58.80 million during the quarter, compared to analyst estimates of $60.35 million. As a group, research analysts expect that VTEX will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On VTEX

Hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. acquired a new position in shares of VTEX in the 2nd quarter worth approximately $39,000. State of Wyoming bought a new stake in shares of VTEX in the 4th quarter worth approximately $45,000. Teacher Retirement System of Texas bought a new stake in VTEX during the 2nd quarter valued at $69,000. Savant Capital LLC bought a new stake in VTEX during the 2nd quarter valued at $70,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of VTEX in the 2nd quarter worth $72,000. Institutional investors and hedge funds own 63.69% of the company's stock.

About VTEX

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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