VTEX (NYSE:VTEX) Shares Gap Down to $8.13

VTEX (NYSE:VTEX)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $8.13, but opened at $6.97. VTEX shares last traded at $7.05, with a volume of 732,451 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of VTEX from $6.50 to $9.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Bank of America boosted their price target on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Piper Sandler upped their target price on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, UBS Group upped their target price on shares of VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, VTEX currently has a consensus rating of “Moderate Buy” and an average target price of $8.44.

VTEX Stock Down 2.2 %

The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -96.99 and a beta of 1.41. The firm’s fifty day simple moving average is $8.12 and its 200 day simple moving average is $7.40.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. The company had revenue of $52.60 million during the quarter, compared to analysts’ expectations of $53.45 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The firm’s revenue was up 24.3% on a year-over-year basis. Sell-side analysts predict that VTEX will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VTEX. Exchange Traded Concepts LLC acquired a new position in shares of VTEX in the 4th quarter valued at $28,000. Fox Run Management L.L.C. acquired a new stake in VTEX during the 3rd quarter worth $53,000. New York State Common Retirement Fund acquired a new stake in VTEX during the 4th quarter worth $99,000. Baader Bank Aktiengesellschaft acquired a new stake in VTEX during the 4th quarter worth $138,000. Finally, Van ECK Associates Corp boosted its stake in VTEX by 28.6% during the 4th quarter. Van ECK Associates Corp now owns 33,226 shares of the company’s stock worth $229,000 after purchasing an additional 7,392 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.