VTEX (NYSE:VTEX) Releases Earnings Results, Meets Expectations

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. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02, Zacks reports. The business had revenue of $58.80 million for the quarter, compared to the consensus estimate of $60.35 million. VTEX had a net margin of 5.80% and a return on equity of 5.25%. VTEX updated its FY 2025 guidance to EPS.

VTEX Price Performance

VTEX traded down $0.01 during midday trading on Tuesday, reaching $4.19. 803,135 shares of the company's stock were exchanged, compared to its average volume of 926,404. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.39 and a quick ratio of 3.39. The stock has a market capitalization of $765.02 million, a PE ratio of 52.19 and a beta of 1.34. The business's 50-day moving average price is $6.29 and its 200 day moving average price is $5.82. VTEX has a 1-year low of $4.07 and a 1-year high of $8.03.

Hedge Funds Weigh In On VTEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers acquired a new position in VTEX during the second quarter worth about $392,000. Geode Capital Management LLC acquired a new position in VTEX during the second quarter worth about $4,543,000. Jane Street Group LLC raised its position in 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 acquiring an additional 175,940 shares during the last quarter. Goldman Sachs Group Inc. raised its position in 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 acquiring an additional 84,189 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in VTEX by 37.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company's stock worth $187,000 after acquiring an additional 10,110 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Jefferies Financial Group started coverage on shares of VTEX in a report on Thursday, May 22nd. They issued a "hold" rating and a $7.30 target price on the stock. Citigroup started coverage on shares of VTEX in a research note on Monday, June 23rd. They issued a "buy" rating and a $10.00 price objective for the company. UBS Group reduced their price objective on shares of VTEX from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Friday, June 13th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $6.00 price objective (down previously from $7.50) on shares of VTEX in a research note on Friday. Finally, Wall Street Zen cut shares of VTEX from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, VTEX presently has a consensus rating of "Hold" and an average price target 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.