VTEX (NYSE:VTEX) Short Interest Down 18.2% in March

VTEX (NYSE:VTEX) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 2,409,259 shares, a decrease of 18.2% from the February 26th total of 2,945,348 shares. Based on an average daily volume of 1,721,615 shares, the short-interest ratio is presently 1.4 days. Currently, 2.4% of the company’s stock are short sold.

VTEX Stock Performance

VTEX stock traded up $0.08 during midday trading on Wednesday, reaching $4.08. 114,984 shares of the company were exchanged, compared to its average volume of 1,211,297. VTEX has a one year low of $2.84 and a one year high of $6.82. The firm has a market capitalization of $704.93 million, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 0.57 and a beta of 1.31. The business has a 50-day moving average price of $3.47 and a two-hundred day moving average price of $3.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.04 and a quick ratio of 3.04.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $67.95 million for the quarter, compared to analyst estimates of $68.11 million. VTEX had a net margin of 8.32% and a return on equity of 8.24%. Equities research analysts forecast that VTEX will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VTEX. Brean Capital raised shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Wednesday, March 11th. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 19th. Finally, UBS Group downgraded shares of VTEX from a “buy” rating to a “neutral” rating and cut their target price for the company from $8.00 to $4.00 in a research note on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.97.

Hedge Funds Weigh In On VTEX

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in VTEX by 202.5% during the 3rd quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock worth $6,706,000 after purchasing an additional 1,024,911 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in VTEX during the 3rd quarter worth $4,412,000. Citadel Advisors LLC increased its position in VTEX by 524.5% during the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after buying an additional 850,132 shares during the period. Polar Capital Holdings Plc lifted its holdings in shares of VTEX by 11.9% during the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after buying an additional 748,712 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. boosted its position in shares of VTEX by 1,301.0% in the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock valued at $4,929,000 after acquiring an additional 693,457 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

About VTEX

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.