VTEX (NYSE:VTEX) Reaches New 12-Month Low - Time to Sell?

Key Points

• VTEX's share price fell to a new 52-week low of $4.20 during trading, significantly dropping from a previous close of $5.92.
• Analysts have mixed ratings on VTEX, with recent price targets ranging from $6.00 to $10.00 and a consensus rating of "Hold".
• Institutional investors have increased their stakes in VTEX, with Softbank Group CORP. significantly boosting its holdings by 93.4% in the fourth quarter.

VTEX (NYSE:VTEX - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $4.20 and last traded at $4.27, with a volume of 991184 shares. The stock had previously closed at $5.92.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of VTEX from $11.00 to $10.00 and set a "buy" rating for the company in a report on Friday, June 13th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $6.00 price objective (down from $7.50) on shares of VTEX in a report on Friday. Jefferies Financial Group assumed coverage on shares of VTEX in a report on Thursday, May 22nd. They set a "hold" rating and a $7.30 price objective for the company. Wall Street Zen cut shares of VTEX from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, VTEX has an average rating of "Hold" and an average target price of $8.33.

VTEX Stock Up 0.5%

The stock has a market capitalization of $769.59 million, a P/E ratio of 52.63 and a beta of 1.34. The firm's fifty day moving average is $6.29 and its 200-day moving average is $5.82. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. VTEX had a net margin of 5.80% and a return on equity of 5.25%. The firm had revenue of $58.80 million during the quarter, compared to the consensus estimate of $60.35 million. As a group, equities research analysts predict that VTEX will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On VTEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTEX. Ameritas Investment Partners Inc. acquired a new stake in VTEX in the 2nd quarter valued at about $39,000. State of Wyoming acquired a new stake in VTEX in the 4th quarter valued at about $45,000. Teacher Retirement System of Texas acquired a new stake in VTEX in the 2nd quarter valued at about $69,000. Savant Capital LLC acquired a new stake in VTEX in the 2nd quarter valued at about $70,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in VTEX in the 2nd quarter valued at about $72,000. Institutional investors and hedge funds own 63.69% of the company's stock.

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.