VTEX (NYSE:VTEX) Sets New 52-Week Low After Analyst Downgrade

VTEX (NYSE:VTEX) shares reached a new 52-week low 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 traded. The stock had previously closed at $5.84.

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

Hedge Funds Weigh In On VTEX

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP raised its holdings in 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 acquiring an additional 1,869 shares during the last quarter. Barclays PLC acquired a new stake in shares of VTEX in the third quarter valued at approximately $35,000. nVerses Capital LLC purchased a new position in VTEX during the second quarter worth approximately $40,000. MQS Management LLC acquired a new position in VTEX during the third quarter worth $91,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in VTEX in the 3rd quarter valued at $134,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Trading Down 2.7 %

The company has a fifty day simple moving average of $6.51 and a 200-day simple moving average of $6.80. The company has a market capitalization of $1.05 billion, a PE ratio of 94.68 and a beta of 1.34.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share (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 last year, the business earned ($0.01) earnings per share. VTEX’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts predict that VTEX will post 0.09 EPS for the current fiscal year.

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.