VTEX (NYSE:VTEX) Trading 9.4% Higher – Here’s What Happened

VTEX (NYSE:VTEX) traded up 9.4% during mid-day trading on Monday . The company traded as high as $4.28 and last traded at $4.2650. 762,482 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 1,303,429 shares. The stock had previously closed at $3.90.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group raised their price objective on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Finally, Weiss Ratings raised VTEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.18.

VTEX Trading Up 1.9%

The firm has a market cap of $759.36 million, a PE ratio of 36.88, a P/E/G ratio of 0.58 and a beta of 1.03. The business’s 50-day simple moving average is $3.86 and its 200 day simple moving average is $3.71.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). VTEX had a return on equity of 9.68% and a net margin of 9.40%.The business had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $60.65 million. Analysts expect that VTEX will post 0.19 earnings per share for the current year.

Insider Buying and Selling

In other VTEX news, Director Alejandro Raul Scannapieco sold 15,937 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the completion of the sale, the director owned 9,965 shares in the company, valued at $35,774.35. This represents a 61.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 75,133 shares of company stock valued at $296,436 over the last ninety days. Insiders own 40.93% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Securities Group LLC bought a new position in shares of VTEX in the 1st quarter worth $29,000. ProShare Advisors LLC bought a new stake in VTEX during the fourth quarter valued at about $39,000. Aquatic Capital Management LLC bought a new stake in VTEX during the third quarter valued at about $41,000. Ieq Capital LLC purchased a new position in VTEX in the fourth quarter valued at about $41,000. Finally, nVerses Capital LLC purchased a new position in VTEX in the fourth quarter valued at about $49,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.