VTEX (NYSE:VTEX) Sees Large Decrease in Short Interest

VTEX (NYSE:VTEXGet Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,820,296 shares, a drop of 36.4% from the August 15th total of 2,862,694 shares. Based on an average daily volume of 686,287 shares, the short-interest ratio is currently 2.7 days. Currently, 1.8% of the company’s stock are sold short.

VTEX Stock Performance

Shares of NYSE:VTEX traded down $0.01 during midday trading on Friday, reaching $3.65. 98,545 shares of the company traded hands, compared to its average volume of 1,195,939. The firm’s fifty day moving average price is $3.88 and its two-hundred day moving average price is $3.86. The firm has a market capitalization of $621.42 million, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 0.46 and a beta of 0.99. 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 has a 12 month low of $2.84 and a 12 month high of $4.73.

VTEX (NYSE:VTEXGet Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. VTEX had a return on equity of 12.98% and a net margin of 11.98%.The business had revenue of $64.39 million during the quarter, compared to analyst estimates of $64.69 million. On average, equities analysts expect that VTEX will post 0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VTEX has been the topic of a number of research reports. Morgan Stanley set a $4.00 price target on shares of VTEX and gave the stock an “equal weight” rating in a report on Friday, August 28th. Wall Street Zen lowered VTEX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Itau BBA Securities reiterated a “market perform” rating and set a $4.50 price target on shares of VTEX in a research note on Tuesday, August 25th. Finally, Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.69.

Read Our Latest Research Report on VTEX

Insiders Place Their Bets

In related news, insider AndrĂ© Spolidoro sold 15,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the transaction, the insider owned 301,431 shares in the company, valued at approximately $1,217,781.24. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alejandro Scannapieco sold 11,994 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 97,306 shares of company stock worth $392,076 over the last quarter. Company insiders own 40.93% of the company’s stock.

Institutional Investors Weigh In On VTEX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC purchased a new stake in shares of VTEX during the 1st quarter valued at $29,000. ProShare Advisors LLC bought a new position in VTEX in the fourth quarter valued at $39,000. AXQ Capital LP bought a new position in VTEX in the second quarter valued at $47,000. Corient Private Wealth LP purchased a new stake in VTEX during the second quarter valued at about $58,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in VTEX during the second quarter valued at about $67,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

About VTEX

(Get Free Report)

VTEX is a global cloud commerce company that provides software for businesses to create, manage and expand digital commerce operations. Its platform supports online stores, marketplaces and unified commerce initiatives, helping companies connect digital and physical sales channels.

VTEX’s product offering includes commerce management, order management, marketplace capabilities, customer and seller tools, payments integrations, promotions, search and merchandising, and content management.

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