VTEX (NYSE:VTEX) Sets New 52-Week Low – Here’s Why

Shares of VTEX (NYSE:VTEX) reached a new 52-week low during trading on Monday . The company traded as low as $5.60 and last traded at $5.70, with a volume of 52175 shares traded. The stock had previously closed at $5.75.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Citigroup initiated coverage on shares of VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price objective for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.62.

VTEX Trading Down 1.4 %

The firm’s 50 day simple moving average is $6.39 and its two-hundred day simple moving average is $6.77. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 94.52 and a beta of 1.34.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $56.00 million during the quarter, compared to analysts’ expectations of $57.20 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) earnings per share. As a group, equities research analysts anticipate that VTEX will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of VTEX

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in VTEX by 15.9% during the second quarter. Renaissance Technologies LLC now owns 938,800 shares of the company’s stock worth $6,816,000 after purchasing an additional 129,100 shares during the period. Fourth Sail Capital LP raised its position in shares of VTEX by 125.0% in the 2nd quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock valued at $22,497,000 after buying an additional 1,721,568 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of VTEX by 23.0% during the 2nd quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock worth $12,233,000 after acquiring an additional 315,507 shares during the period. Janus Henderson Group PLC boosted its position in shares of VTEX by 2,128.1% during the 3rd quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock worth $4,144,000 after acquiring an additional 533,163 shares in the last quarter. Finally, State Street Corp increased its stake in VTEX by 51.8% in the third quarter. State Street Corp now owns 806,221 shares of the company’s stock valued at $5,998,000 after acquiring an additional 275,024 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

About VTEX

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.