VTEX (NYSE:VTEX) Shares Down 7.3% - What's Next?

Key Points

• VTEX shares fell by 7.3% during mid-day trading, reaching a low of $4.26 with significantly reduced trading volume.
• Analysts have mixed reviews on VTEX, with UBS lowering their price target to $8.00 and a consensus rating of "Moderate Buy" with an average target price of $7.63.
• Institutional investors hold 63.69% of VTEX stock, with several firms recently increasing their stakes in the company.

VTEX (NYSE:VTEX - Get Free Report) shares dropped 7.3% during mid-day trading on Friday . The stock traded as low as $4.26 and last traded at $4.24. Approximately 282,329 shares traded hands during trading, a decline of 72% from the average daily volume of 1,008,676 shares. The stock had previously closed at $4.57.

Analyst Upgrades and Downgrades

VTEX has been the topic of several recent research reports. UBS Group decreased their price objective on VTEX from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Wall Street Zen upgraded VTEX from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $6.00 price target (down from $7.50) on shares of VTEX in a research report on Friday, August 8th. Jefferies Financial Group upgraded VTEX from a "hold" rating to a "buy" rating and lowered their price target for the stock from $7.30 to $6.50 in a research report on Wednesday, September 17th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of VTEX in a research report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.63.

VTEX Stock Performance

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 has a 50 day simple moving average of $4.40 and a two-hundred day simple moving average of $5.40. The firm has a market cap of $777.81 million, a PE ratio of 53.19 and a beta of 1.33.

VTEX (NYSE:VTEX - Get Free Report) last released its earnings results 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 return on equity of 5.27% and a net margin of 5.80%.The business had revenue of $58.80 million for the quarter, compared to analyst estimates of $60.35 million. VTEX has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its holdings in VTEX by 1.0% during the 1st quarter. Acadian Asset Management LLC now owns 3,005,818 shares of the company's stock worth $15,203,000 after acquiring an additional 29,804 shares in the last quarter. Banco BTG Pactual S.A. grew its holdings in VTEX by 86.4% during the 1st quarter. Banco BTG Pactual S.A. now owns 1,671,340 shares of the company's stock worth $8,474,000 after acquiring an additional 774,484 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in VTEX by 8.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,596,050 shares of the company's stock worth $10,534,000 after acquiring an additional 126,875 shares in the last quarter. Nuveen LLC bought a new position in VTEX during the 1st quarter worth about $7,016,000. Finally, 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 purchasing an additional 693,457 shares during the last quarter. 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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