VTEX (NYSE:VTEX) is Dynamo Internacional Gestao DE Recursos LTDA.’s 3rd Largest Position

Dynamo Internacional Gestao DE Recursos LTDA. lessened its holdings in shares of VTEX (NYSE:VTEX) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,124,720 shares of the company’s stock after selling 104,051 shares during the quarter. VTEX comprises 7.6% of Dynamo Internacional Gestao DE Recursos LTDA.’s portfolio, making the stock its 3rd biggest holding. Dynamo Internacional Gestao DE Recursos LTDA. owned 3.33% of VTEX worth $44,465,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Bank of Montreal Can purchased a new position in VTEX during the 2nd quarter valued at approximately $887,000. Fourth Sail Capital LP grew its holdings in shares of VTEX by 125.0% in the second quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock valued at $22,497,000 after purchasing an additional 1,721,568 shares in the last quarter. Renaissance Technologies LLC increased its position in VTEX by 15.9% in 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 last quarter. American Century Companies Inc. raised its stake in VTEX by 34.1% during the second quarter. American Century Companies Inc. now owns 1,329,824 shares of the company’s stock valued at $9,655,000 after purchasing an additional 338,527 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in VTEX by 23.0% during the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock valued at $12,233,000 after purchasing an additional 315,507 shares during the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

VTEX Price Performance

Shares of VTEX stock opened at $7.01 on Tuesday. The stock has a 50 day moving average price of $6.89 and a 200 day moving average price of $7.27. The firm has a market capitalization of $1.29 billion, a P/E ratio of -175.25 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.61 and a current ratio of 3.61. VTEX has a 52-week low of $4.66 and a 52-week high of $9.59.

VTEX (NYSE:VTEX) last issued its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $56.50 million during the quarter, compared to analyst estimates of $56.45 million. VTEX had a net margin of 1.51% and a return on equity of 1.36%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. As a group, sell-side analysts predict that VTEX will post 0.06 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their target price on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $10.40.

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.