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

Key Points

• VTEX's stock price hit a new 52-week low of $3.92 during trading on Tuesday, down from a previous close of $4.08, with a volume of 515,266 shares traded.
• Analyst ratings are mixed, with Citigroup initiating coverage with a "buy" rating and a $10.00 price target, while JPMorgan lowered its rating and price target to $6.00.
• The company's financials show a current ratio of 3.31, a net margin of 5.80%, and a reported revenue of $58.80 million for the last quarter, which fell short of the consensus estimate of $60.35 million.

VTEX (NYSE:VTEX - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $3.92 and last traded at $3.94, with a volume of 515266 shares trading hands. The stock had previously closed at $4.08.

Wall Street Analyst Weigh In

VTEX has been the topic of a number of recent analyst reports. 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $6.00 price target (down previously from $7.50) on shares of VTEX in a research note on Friday, August 8th. Wall Street Zen raised VTEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Jefferies Financial Group started coverage on VTEX in a report on Thursday, May 22nd. They set a "hold" rating and a $7.30 price objective for the company. Finally, UBS Group cut their price target on VTEX from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $7.83.

VTEX Stock Down 2.1%

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.31 and a quick ratio of 3.31. The stock has a market capitalization of $730.29 million, a P/E ratio of 49.94 and a beta of 1.32. The firm has a 50-day simple moving average of $5.55 and a 200 day simple moving average of $5.56.

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

Institutional Investors Weigh In On VTEX

A number of hedge funds have recently added to or reduced their stakes in VTEX. State of Wyoming acquired a new stake in VTEX in the second quarter valued at approximately $59,000. Lazard Asset Management LLC grew its stake in VTEX by 145.8% in the second quarter. Lazard Asset Management LLC now owns 316,400 shares of the company's stock valued at $2,088,000 after acquiring an additional 187,677 shares during the period. BW Gestao de Investimentos Ltda. grew its stake in VTEX by 1,301.0% in the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company's stock valued at $4,929,000 after acquiring an additional 693,457 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in VTEX in the second quarter valued at approximately $124,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in VTEX by 75.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,568 shares of the company's stock valued at $426,000 after acquiring an additional 27,746 shares during the period. 63.69% of the stock is currently owned by institutional investors.

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.

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