Acadian Asset Management LLC Sells 496,049 Shares of VTEX $VTEX

Acadian Asset Management LLC reduced its position in shares of VTEX (NYSE:VTEX) by 16.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,509,769 shares of the company’s stock after selling 496,049 shares during the quarter. Acadian Asset Management LLC owned 1.37% of VTEX worth $16,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in VTEX. Campbell & CO Investment Adviser LLC acquired a new stake in VTEX during the second quarter worth approximately $72,000. Los Angeles Capital Management LLC bought a new stake in VTEX during the second quarter worth about $332,000. Savant Capital LLC acquired a new stake in shares of VTEX during the 2nd quarter worth approximately $70,000. Teacher Retirement System of Texas bought a new position in shares of VTEX in the 2nd quarter valued at $69,000. Finally, Envestnet Asset Management Inc. raised its stake in VTEX by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock worth $239,000 after acquiring an additional 2,169 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

VTEX Price Performance

Shares of NYSE:VTEX opened at $4.09 on Wednesday. The company has a 50-day moving average price of $4.33 and a two-hundred day moving average price of $5.30. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.01. VTEX has a twelve month low of $3.65 and a twelve month high of $6.93. The firm has a market capitalization of $747.65 million, a PE ratio of 45.45 and a beta of 1.33.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. VTEX had a return on equity of 6.63% and a net margin of 7.03%.The company had revenue of $59.61 million during the quarter, compared to analysts’ expectations of $59.80 million. During the same period in the previous year, the business earned $0.02 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts forecast that VTEX will post 0.08 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VTEX shares. JPMorgan Chase & Co. reduced their price objective on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday. Jefferies Financial Group raised VTEX from a “hold” rating to a “buy” rating and dropped their price target for the company from $7.30 to $6.50 in a research note on Wednesday, September 17th. UBS Group decreased their target price on VTEX from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, The Goldman Sachs Group initiated coverage on VTEX in a research report on Wednesday, October 15th. They set a “buy” rating and a $5.30 target price on the stock. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, VTEX has a consensus rating of “Moderate Buy” and an average price target of $6.96.

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.