VTEX (NYSE:VTEX) Reaches New 52-Week Low on Analyst Downgrade

VTEX (NYSE:VTEX) reached a new 52-week low during mid-day trading on Friday after UBS Group lowered their price target on the stock from $12.50 to $11.00. UBS Group currently has a buy rating on the stock. VTEX traded as low as $5.68 and last traded at $5.84, with a volume of 12796 shares changing hands. The stock had previously closed at $5.84.

Separately, Citigroup initiated coverage on VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, VTEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.62.

Institutional Trading of VTEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in shares of VTEX by 105.7% in the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after purchasing an additional 1,869 shares during the last quarter. Barclays PLC purchased a new position in VTEX during the 3rd quarter worth $35,000. nVerses Capital LLC acquired a new stake in VTEX in the second quarter valued at $40,000. MQS Management LLC purchased a new stake in shares of VTEX during the 3rd quarter worth $91,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of VTEX in the 3rd quarter valued at about $134,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Stock Down 1.0 %

The stock has a market cap of $1.06 billion, a PE ratio of 96.35 and a beta of 1.34. The business’s fifty day moving average is $6.53 and its 200 day moving average is $6.81.

VTEX (NYSE:VTEX) last released its earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm had revenue of $56.00 million during the quarter, compared to analysts’ expectations of $57.20 million. During the same period in the previous year, the company earned ($0.01) EPS. VTEX’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, analysts predict that VTEX will post 0.09 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.