VTEX (NYSE:VTEX) Sees Significant Decrease in Short Interest

Key Points

• Short interest in VTEX fell by 20.5% in March to 1,914,646 shares, representing about 1.9% of the stock and a days-to-cover ratio of 1.4 days.
• Analysts are mixed after recent reports—four Buys, two Holds and one Sell—with the consensus rating at "Hold" and an average target price of $5.97.
• VTEX traded around $4.11 (market cap ~$710.12M) and shows a one-year range of $2.84–$6.82, with a trailing P/E of about 36.7.

VTEX (NYSE:VTEX - Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 1,914,646 shares, a drop of 20.5% from the March 15th total of 2,409,259 shares. Based on an average daily trading volume, of 1,399,433 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.9% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of VTEX from a "buy" rating to a "strong-buy" rating in a report on Sunday. Weiss Ratings lowered shares of VTEX from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, April 7th. UBS Group lowered shares of VTEX from a "buy" rating to a "neutral" rating and cut their price objective for the company from $8.00 to $4.00 in a report on Wednesday, January 14th. Finally, Brean Capital raised shares of VTEX from a "hold" rating to a "buy" rating and set a $5.00 price objective for the company in a report on Wednesday, March 11th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $5.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of VTEX during the 3rd quarter valued at approximately $735,000. FNY Investment Advisers LLC raised its holdings in VTEX by 577.8% during the 3rd quarter. FNY Investment Advisers LLC now owns 268,740 shares of the company's stock valued at $1,177,000 after buying an additional 229,091 shares during the period. Boston Partners raised its holdings in VTEX by 71.7% during the 3rd quarter. Boston Partners now owns 75,063 shares of the company's stock valued at $329,000 after buying an additional 31,336 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in VTEX during the 4th quarter valued at $300,000. Finally, Deutsche Bank AG raised its holdings in VTEX by 43.5% during the 4th quarter. Deutsche Bank AG now owns 44,132 shares of the company's stock valued at $166,000 after buying an additional 13,382 shares during the period. 63.69% of the stock is currently owned by institutional investors.

VTEX Price Performance

Shares of NYSE VTEX traded up $0.07 during midday trading on Thursday, reaching $4.11. 858,374 shares of the stock traded hands, compared to its average volume of 1,111,568. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.04 and a quick ratio of 3.04. The stock has a market capitalization of $710.12 million, a PE ratio of 36.73, a P/E/G ratio of 0.59 and a beta of 1.17. VTEX has a one year low of $2.84 and a one year high of $6.82. The company's 50 day moving average is $3.64 and its 200 day moving average is $3.82.

VTEX (NYSE:VTEX - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. The firm had revenue of $67.95 million during the quarter, compared to the consensus estimate of $68.11 million. VTEX had a return on equity of 8.24% and a net margin of 8.32%. On average, equities research analysts anticipate that VTEX will post 0.08 earnings per share for the current year.

VTEX Company Profile

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company's API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.

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