Ashoka WhiteOak Capital Pte Ltd grew its position in VTEX (NYSE:VTEX – Free Report) by 130.8% during the second quarter, HoldingsChannel.com reports. The firm owned 86,100 shares of the company’s stock after buying an additional 48,800 shares during the quarter. VTEX accounts for approximately 0.3% of Ashoka WhiteOak Capital Pte Ltd’s investment portfolio, making the stock its 15th biggest holding. Ashoka WhiteOak Capital Pte Ltd’s holdings in VTEX were worth $564,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in shares of VTEX in the first quarter valued at about $7,016,000. Nuveen Asset Management LLC grew its position in shares of VTEX by 1,082.4% in the fourth quarter. Nuveen Asset Management LLC now owns 876,508 shares of the company’s stock valued at $5,163,000 after purchasing an additional 802,381 shares during the last quarter. Banco BTG Pactual S.A. grew its position in VTEX by 86.4% during the first quarter. Banco BTG Pactual S.A. now owns 1,671,340 shares of the company’s stock worth $8,474,000 after buying an additional 774,484 shares in the last quarter. AMS Capital Ltda grew its holdings in shares of VTEX by 51.5% during the 1st quarter. AMS Capital Ltda now owns 1,699,053 shares of the company’s stock worth $8,614,000 after purchasing an additional 577,580 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in VTEX by 490.8% during the first quarter. FNY Investment Advisers LLC now owns 410,229 shares of the company’s stock worth $2,079,000 after purchasing an additional 340,797 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently weighed in on VTEX shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $6.00 price objective (down 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 research report on Saturday, August 16th. UBS Group dropped their target price on shares of VTEX from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Citigroup began coverage on shares of VTEX in a research note on Monday, June 23rd. They set a “buy” rating and a $10.00 price target for the company. Finally, Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and reduced their price objective for the company from $7.30 to $6.50 in a research note on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.63.
VTEX Price Performance
VTEX stock opened at $4.32 on Friday. The firm’s 50-day moving average price is $4.75 and its two-hundred day moving average price is $5.42. VTEX has a 12-month low of $3.91 and a 12-month high of $7.58. The stock has a market capitalization of $788.78 million, a price-to-earnings ratio of 53.94 and a beta of 1.31. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.01.
VTEX (NYSE:VTEX – Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $58.80 million for the quarter, compared to analysts’ expectations of $60.35 million. VTEX had a net margin of 5.80% and a return on equity of 5.27%. VTEX has set its FY 2025 guidance at EPS. As a group, equities analysts predict that VTEX will post 0.08 earnings per share for the current year.
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.
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