VTEX (NYSE:VTEX) Hits New 12-Month Low – What’s Next?

VTEX (NYSE:VTEX) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $3.53 and last traded at $3.6450, with a volume of 1338598 shares traded. The stock had previously closed at $3.59.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VTEX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research report on Tuesday, October 14th. The Goldman Sachs Group assumed coverage on shares of VTEX in a report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price target on the stock. Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $7.30 to $6.50 in a research note on Wednesday, September 17th. Wall Street Zen cut shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. cut their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, VTEX presently has an average rating of “Moderate Buy” and a consensus target price of $6.96.

VTEX Trading Down 0.4%

The stock has a market cap of $668.13 million, a price-to-earnings ratio of 40.62 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.10. The company’s fifty day moving average price is $3.90 and its 200-day moving average price is $4.61.

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

Hedge Funds Weigh In On VTEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new stake in VTEX during the 2nd quarter worth about $39,000. State of Wyoming acquired a new stake in shares of VTEX during the second quarter worth about $59,000. Aquatic Capital Management LLC purchased a new stake in VTEX in the third quarter valued at approximately $41,000. Teacher Retirement System of Texas acquired a new position in VTEX in the 2nd quarter worth approximately $69,000. Finally, Savant Capital LLC acquired a new position in VTEX in the 2nd quarter worth approximately $70,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About VTEX

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.