VTEX (NYSE:VTEX) Sees Significant Decline in Short Interest

VTEX (NYSE:VTEX) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 344,000 shares, a decrease of 20.0% from the June 30th total of 430,100 shares. Based on an average daily trading volume, of 470,900 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded VTEX from a “neutral” rating to an “overweight” rating and set a $9.00 price objective for the company in a research note on Tuesday, May 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, VTEX currently has an average rating of “Buy” and an average target price of $10.20.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VTEX. Bayesian Capital Management LP bought a new position in VTEX during the first quarter valued at about $83,000. New York State Common Retirement Fund purchased a new stake in shares of VTEX during the fourth quarter valued at $99,000. Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of VTEX during the first quarter valued at $135,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of VTEX during the fourth quarter valued at $138,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of VTEX by 52.3% during the first quarter. Lazard Asset Management LLC now owns 20,783 shares of the company’s stock valued at $169,000 after purchasing an additional 7,138 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

VTEX Stock Performance

Shares of NYSE:VTEX traded up $0.09 on Tuesday, hitting $6.42. The company’s stock had a trading volume of 467,658 shares, compared to its average volume of 471,396. VTEX has a 12 month low of $4.66 and a 12 month high of $9.59. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -157.50 and a beta of 1.38. The stock’s 50-day moving average is $6.86 and its two-hundred day moving average is $7.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.42.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. VTEX had a negative return on equity of 3.32% and a negative net margin of 3.87%. 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 prior year, the business posted ($0.04) earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. On average, equities research analysts forecast that VTEX will post 0.03 EPS for the current 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.