VTEX (NYSE:VTEX) Shares Down 6.3% - Here's Why

Key Points

• VTEX shares fell 6.3% to about $3.92 on Monday, with trading volume 64% below the average daily level.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with a $5.07 target price, despite some upgrades and downgrades.
• VTEX narrowly beat quarterly EPS estimates ($0.06 versus $0.05), but revenue came in slightly below expectations; insiders have also sold 84,749 shares worth about $338,747 over the past 90 days.

VTEX (NYSE:VTEX - Get Free Report) shares were down 6.3% during trading on Monday . The company traded as low as $3.89 and last traded at $3.9180. Approximately 455,647 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 1,282,010 shares. The stock had previously closed at $4.18.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VTEX shares. UBS Group upped their price target on VTEX from $4.00 to $4.10 and gave the stock a "neutral" rating in a research note on Friday, May 8th. Weiss Ratings lowered VTEX from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Bradesco Corretora cut shares of VTEX to a "neutral" rating and set a $4.50 target price on the stock. in a report on Friday. Finally, Wall Street Zen raised shares of VTEX from a "buy" rating to a "strong-buy" rating in a research report on Sunday, April 12th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $5.07.

VTEX Stock Down 3.5%

The company's fifty day moving average price is $3.97 and its 200-day moving average price is $3.76. The stock has a market capitalization of $687.93 million, a PE ratio of 25.22, a price-to-earnings-growth ratio of 0.58 and a beta of 1.02. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. VTEX had a return on equity of 12.98% and a net margin of 11.98%.The company had revenue of $64.39 million for the quarter, compared to the consensus estimate of $64.69 million. Analysts forecast that VTEX will post 0.19 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total value of $57,213.83. Following the sale, the director directly owned 9,965 shares of the company's stock, valued at approximately $35,774.35. This represents a 61.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 84,749 shares of company stock valued at $338,747 over the last 90 days. Insiders own 40.93% of the company's stock.

Hedge Funds Weigh In On VTEX

Several large investors have recently modified their holdings of VTEX. Summit Securities Group LLC purchased a new stake in VTEX during the 1st quarter valued at about $29,000. State of Wyoming bought a new position in shares of VTEX in the second quarter worth approximately $59,000. Aquatic Capital Management LLC bought a new position in shares of VTEX in the third quarter worth approximately $41,000. ProShare Advisors LLC purchased a new stake in shares of VTEX during the fourth quarter valued at approximately $39,000. Finally, Ieq Capital LLC purchased a new stake in shares of VTEX during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

About VTEX

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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