HighTower Advisors LLC Raises Holdings in VTEX $VTEX

HighTower Advisors LLC increased its position in shares of VTEX (NYSE:VTEX) by 50.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,449 shares of the company’s stock after purchasing an additional 11,548 shares during the quarter. HighTower Advisors LLC’s holdings in VTEX were worth $175,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of VTEX during the first quarter worth approximately $7,016,000. TimesSquare Capital Management LLC purchased a new stake in shares of VTEX during the first quarter worth approximately $661,000. New York State Common Retirement Fund increased its position in shares of VTEX by 41.5% during the first quarter. New York State Common Retirement Fund now owns 147,410 shares of the company’s stock worth $747,000 after purchasing an additional 43,259 shares in the last quarter. Verde Servicos Internacionais S.A. increased its position in shares of VTEX by 166.7% during the first quarter. Verde Servicos Internacionais S.A. now owns 186,670 shares of the company’s stock worth $946,000 after purchasing an additional 116,670 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its position in shares of 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 in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on VTEX. Citigroup began coverage on VTEX in a research report on Monday, June 23rd. They set a “buy” rating and a $10.00 price target for the company. Jefferies Financial Group began coverage on VTEX in a research note on Thursday, May 22nd. They set a “hold” rating and a $7.30 price objective on the stock. Wall Street Zen raised VTEX from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $6.00 price objective (down previously from $7.50) on shares of VTEX in a research note on Friday, August 8th. Finally, UBS Group lowered their price objective on VTEX from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $7.83.

VTEX Stock Performance

Shares of VTEX stock opened at $4.02 on Friday. VTEX has a 52 week low of $3.91 and a 52 week high of $7.58. The business’s fifty day simple moving average is $5.40 and its 200-day simple moving average is $5.52. The firm has a market cap of $733.94 million, a PE ratio of 50.19 and a beta of 1.31. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. VTEX had a return on equity of 5.27% and a net margin of 5.80%.The business had revenue of $58.80 million for the quarter, compared to analyst estimates of $60.35 million. VTEX has set its FY 2025 guidance at EPS. Equities analysts forecast that VTEX will post 0.08 earnings per share for the current year.

VTEX Profile

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.