VTEX (NYSE:VTEX) Announces Earnings Results, Meets Estimates

Key Points

• VTEX reported $0.02 earnings per share for the quarter, matching the consensus estimate, but its revenue fell short at $58.80 million against an expected $60.35 million.
• The company's stock experienced a significant decline of 27.4%, dropping to $4.30 per share, with a market cap of $786.04 million.
• Analysts have mixed sentiments on VTEX, with three rating it as a hold and two as a buy, resulting in an average target price of $8.33 for the stock.

VTEX (NYSE:VTEX - Get Free Report) issued its earnings results on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02, Zacks reports. VTEX had a net margin of 5.80% and a return on equity of 5.27%. The business had revenue of $58.80 million for the quarter, compared to analyst estimates of $60.35 million. VTEX updated its FY 2025 guidance to EPS.

VTEX Price Performance

Shares of NYSE VTEX traded down $0.24 during trading on Thursday, reaching $3.97. The company had a trading volume of 3,372,402 shares, compared to its average volume of 1,245,365. VTEX has a 52 week low of $3.93 and a 52 week high of $8.03. The stock has a market cap of $724.80 million, a PE ratio of 49.57 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.39 and a current ratio of 3.31. The business's 50 day moving average price is $6.14 and its 200-day moving average price is $5.78.

Hedge Funds Weigh In On VTEX

A number of institutional investors have recently modified their holdings of the stock. BW Gestao de Investimentos Ltda. raised its stake in shares of VTEX by 1,301.0% during the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company's stock worth $4,929,000 after buying an additional 693,457 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of VTEX during the second quarter worth approximately $4,543,000. Jane Street Group LLC raised its stake in shares of VTEX by 1,570.1% during the first quarter. Jane Street Group LLC now owns 187,146 shares of the company's stock worth $949,000 after buying an additional 175,940 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of VTEX by 61.6% during the first quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company's stock worth $1,119,000 after buying an additional 84,189 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of VTEX during the second quarter worth approximately $392,000. 63.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VTEX has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of VTEX in a research report on Thursday, May 22nd. They set a "hold" rating and a $7.30 target price on the stock. JPMorgan Chase & Co. restated a "neutral" rating and issued a $6.00 price target (down from $7.50) on shares of VTEX in a research report on Friday, August 8th. Wall Street Zen lowered shares of VTEX from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. UBS Group reduced their price target on shares of VTEX from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, June 13th. Finally, Citigroup initiated coverage on shares of VTEX in a research report on Monday, June 23rd. They issued a "buy" rating and a $10.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $8.33.

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.