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

Key Points

• VTEX's share price hit a new 52-week low, trading as low as $3.93 before closing at $4.08.
• Analysts have mixed ratings on VTEX, with a consensus price target of $8.33, indicating a potential upside from its current trading price.
• The company reported earnings of $0.02 per share for the last quarter, meeting expectations but underperforming on revenue compared to consensus estimates.

VTEX (NYSE:VTEX - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The stock traded as low as $3.93 and last traded at $4.08, with a volume of 1195563 shares trading hands. The stock had previously closed at $4.05.

Analyst Upgrades and Downgrades

VTEX has been the topic of several analyst reports. Jefferies Financial Group initiated 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 initiated coverage on shares of VTEX in a report on Monday, June 23rd. They issued a "buy" rating and a $10.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $6.00 target price (down previously from $7.50) on shares of VTEX in a report on Friday, August 8th. Wall Street Zen raised shares of VTEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, UBS Group reduced their target price on shares of VTEX from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Friday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $7.83.

VTEX Trading Up 4.4%

The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.01. The business's fifty day simple moving average is $5.83 and its two-hundred day simple moving average is $5.67. The company has a market cap of $763.19 million, a price-to-earnings ratio of 52.19 and a beta of 1.34.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. VTEX had a net margin of 5.80% and a return on equity of 5.27%. The company had revenue of $58.80 million for the quarter, compared to analysts' expectations of $60.35 million. VTEX has set its FY 2025 guidance at EPS. On average, equities analysts predict that VTEX will post 0.08 EPS for the current year.

Institutional Trading of VTEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in VTEX during the second quarter worth approximately $59,000. Lazard Asset Management LLC grew its position in shares of VTEX by 145.8% during the second quarter. Lazard Asset Management LLC now owns 316,400 shares of the company's stock worth $2,088,000 after acquiring an additional 187,677 shares during the last quarter. BW Gestao de Investimentos Ltda. grew its position 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 acquiring an additional 693,457 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of VTEX during the second quarter worth approximately $124,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of VTEX by 75.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,568 shares of the company's stock worth $426,000 after acquiring an additional 27,746 shares during the last quarter. 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.