Van ECK Associates Corp Has $62,000 Stake in VTEX (NYSE:VTEX)

Van ECK Associates Corp lowered its position in VTEX (NYSE:VTEXGet Rating) by 40.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 16,759 shares of the company’s stock after selling 11,263 shares during the period. Van ECK Associates Corp’s holdings in VTEX were worth $62,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in shares of VTEX in the 1st quarter worth approximately $59,000. Citigroup Inc. lifted its position in shares of VTEX by 1,707.8% in the 1st quarter. Citigroup Inc. now owns 10,829 shares of the company’s stock worth $66,000 after purchasing an additional 10,230 shares during the period. Knowledge Leaders Capital LLC acquired a new position in shares of VTEX in the 2nd quarter worth approximately $36,000. BlackRock Inc. lifted its position in shares of VTEX by 151.7% in the 1st quarter. BlackRock Inc. now owns 18,349 shares of the company’s stock worth $112,000 after purchasing an additional 11,060 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of VTEX in the 2nd quarter worth approximately $57,000. Institutional investors and hedge funds own 38.09% of the company’s stock.

VTEX Stock Performance

Shares of VTEX stock opened at $4.26 on Friday. The firm has a market capitalization of $813.78 million, a PE ratio of -12.91 and a beta of 0.74. The firm has a fifty day simple moving average of $3.92 and a two-hundred day simple moving average of $3.83. The company has a current ratio of 5.02, a quick ratio of 5.02 and a debt-to-equity ratio of 0.02. VTEX has a 12 month low of $2.66 and a 12 month high of $8.90.

VTEX (NYSE:VTEXGet Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). VTEX had a negative net margin of 42.02% and a negative return on equity of 20.72%. The business had revenue of $38.75 million for the quarter, compared to the consensus estimate of $37.62 million. Analysts forecast that VTEX will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley downgraded shares of VTEX from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $7.00 to $5.00 in a research report on Monday, December 19th. UBS Group assumed coverage on shares of VTEX in a research report on Thursday, October 20th. They set a “neutral” rating and a $4.30 target price on the stock. Piper Sandler dropped their target price on shares of VTEX from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 20th. Finally, BTIG Research assumed coverage on shares of VTEX in a research report on Tuesday, November 8th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, VTEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.40.

VTEX Profile

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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.

Further Reading

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Institutional Ownership by Quarter for VTEX (NYSE:VTEX)

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