VTEX (NYSE:VTEX) Shares Down 3.7%

VTEX (NYSE:VTEX)’s stock price traded down 3.7% during trading on Friday . The company traded as low as $5.62 and last traded at $5.65. 116,100 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 440,964 shares. The stock had previously closed at $5.87.

Analyst Upgrades and Downgrades

VTEX has been the topic of several research reports. Piper Sandler raised their target price on VTEX from $5.00 to $6.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 9th. DA Davidson raised their price objective on shares of VTEX from $5.00 to $5.50 in a report on Friday, June 23rd. UBS Group raised shares of VTEX from a “neutral” rating to a “buy” rating and upped their target price for the company from $4.70 to $7.50 in a report on Tuesday, August 22nd. Finally, Credit Suisse Group downgraded shares of VTEX from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $6.50 to $5.00 in a research report on Monday, June 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.83.

VTEX Stock Performance

The firm’s 50 day simple moving average is $5.39 and its 200 day simple moving average is $4.42. The firm has a market cap of $1.06 billion, a PE ratio of -40.21 and a beta of 1.21. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $47.89 million during the quarter, compared to the consensus estimate of $45.46 million. VTEX had a negative return on equity of 9.56% and a negative net margin of 14.78%. On average, research analysts forecast that VTEX will post -0.09 EPS for the current fiscal year.

Institutional Trading of VTEX

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming bought a new stake in VTEX in the second quarter worth about $34,000. UBS Group AG raised its holdings in shares of VTEX by 137.2% in the fourth quarter. UBS Group AG now owns 14,260 shares of the company’s stock worth $53,000 after buying an additional 8,247 shares during the period. Lazard Asset Management LLC bought a new stake in shares of VTEX during the 4th quarter worth approximately $56,000. Jane Street Group LLC purchased a new position in VTEX during the 2nd quarter valued at $57,000. Finally, Advisors Asset Management Inc. purchased a new position in VTEX during the 1st quarter valued at $59,000. Hedge funds and other institutional investors own 50.07% of the company’s stock.

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.