Goldman Sachs Group Inc. Purchases 84,189 Shares of VTEX $VTEX

Goldman Sachs Group Inc. grew its position in shares of VTEX (NYSE:VTEX) by 61.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,758 shares of the company’s stock after acquiring an additional 84,189 shares during the quarter. Goldman Sachs Group Inc. owned about 0.12% of VTEX worth $1,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Acadian Asset Management LLC increased its position in shares of VTEX by 1.0% during the first quarter. Acadian Asset Management LLC now owns 3,005,818 shares of the company’s stock worth $15,203,000 after acquiring an additional 29,804 shares in the last quarter. AMS Capital Ltda boosted its holdings in VTEX by 51.5% in the 1st quarter. AMS Capital Ltda now owns 1,699,053 shares of the company’s stock worth $8,614,000 after buying an additional 577,580 shares during the period. Banco BTG Pactual S.A. boosted its holdings in VTEX by 86.4% in the 1st quarter. Banco BTG Pactual S.A. now owns 1,671,340 shares of the company’s stock worth $8,474,000 after buying an additional 774,484 shares during the period. Nuveen LLC bought a new position in VTEX in the 1st quarter worth about $7,016,000. Finally, Nuveen Asset Management LLC boosted its stake in VTEX by 1,082.4% in the 4th quarter. Nuveen Asset Management LLC now owns 876,508 shares of the company’s stock worth $5,163,000 after purchasing an additional 802,381 shares during the period. 63.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of VTEX from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Wall Street Zen upgraded VTEX from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $6.00 price objective (down previously from $7.50) on shares of VTEX in a report on Friday, August 8th. Jefferies Financial Group upgraded VTEX from a “hold” rating to a “buy” rating and reduced their price target for the company from $7.30 to $6.50 in a report on Wednesday, September 17th. Finally, Citigroup initiated coverage on shares of VTEX in a research report on Monday, June 23rd. They set a “buy” rating and a $10.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.63.

VTEX Stock Down 2.2%

Shares of VTEX opened at $4.55 on Monday. The company has a market cap of $831.74 million, a PE ratio of 56.88 and a beta of 1.32. The business has a fifty day moving average of $4.92 and a 200 day moving average of $5.43. VTEX has a 52-week low of $3.91 and a 52-week high of $7.58. 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 issued its quarterly earnings results on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $58.80 million during the quarter, compared to the consensus estimate of $60.35 million. VTEX had a return on equity of 5.27% and a net margin of 5.80%. VTEX has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that VTEX will post 0.08 EPS for the current year.

VTEX Company 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.