VTEX (NYSE:VTEX) Stock Price Down 5.2% – Here’s Why

VTEX (NYSE:VTEXGet Free Report) shares were down 5.2% during trading on Friday . The company traded as low as $3.54 and last traded at $3.5350. Approximately 697,556 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 1,222,154 shares. The stock had previously closed at $3.73.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VTEX shares. Brean Capital raised VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, March 11th. Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. UBS Group boosted their price target on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5.98.

Check Out Our Latest Stock Analysis on VTEX

VTEX Trading Down 4.2%

The company has a market capitalization of $609.49 million, a PE ratio of 29.79, a price-to-earnings-growth ratio of 0.50 and a beta of 1.05. The business’s fifty day moving average is $3.88 and its two-hundred day moving average is $3.72.

VTEX (NYSE:VTEXGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). VTEX had a return on equity of 9.68% and a net margin of 9.40%.The firm had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $60.65 million. As a group, equities research analysts anticipate that VTEX will post 0.19 EPS for the current year.

Hedge Funds Weigh In On VTEX

Hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in VTEX in the 1st quarter worth approximately $29,000. State of Wyoming purchased a new stake in VTEX during the 2nd quarter valued at $59,000. Aquatic Capital Management LLC purchased a new stake in VTEX during the 3rd quarter valued at $41,000. ProShare Advisors LLC purchased a new stake in VTEX during the 4th quarter valued at $39,000. Finally, Ieq Capital LLC purchased a new stake in VTEX during the 4th quarter valued at $41,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

About VTEX

(Get Free Report)

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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