VTEX (NYSE:VTEX) Director Sells $44,017.98 in Stock

VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco sold 11,994 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $3.67, for a total transaction of $44,017.98. The transaction was disclosed in a filing with the SEC, which is available at this link.

VTEX Stock Performance

Shares of NYSE:VTEX opened at $3.53 on Friday. The firm has a fifty day simple moving average of $3.98 and a two-hundred day simple moving average of $3.80. VTEX has a 52 week low of $2.84 and a 52 week high of $4.73. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $602.34 million, a P/E ratio of 22.08, a PEG ratio of 0.49 and a beta of 1.02.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $64.39 million for the quarter, compared to the consensus estimate of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. On average, analysts expect that VTEX will post 0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on VTEX. Morgan Stanley set a $4.00 price target on shares of VTEX in a research note on Friday. Jefferies Financial Group reissued a “buy” rating and issued a $5.10 price objective on shares of VTEX in a research report on Thursday. UBS Group raised their price objective on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings lowered VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Finally, Itau BBA Securities reaffirmed a “market perform” rating and set a $4.50 target price on shares of VTEX in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.69.

Institutional Trading of VTEX

A number of large investors have recently made changes to their positions in the stock. Summit Securities Group LLC bought a new position in shares of VTEX in the first quarter worth about $29,000. State of Wyoming bought a new stake in VTEX during the 2nd quarter valued at about $59,000. Aquatic Capital Management LLC purchased a new stake in VTEX in the 3rd quarter valued at about $41,000. ProShare Advisors LLC purchased a new stake in VTEX in the 4th quarter valued at about $39,000. Finally, Ieq Capital LLC purchased a new stake in VTEX in the 4th quarter valued at about $41,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

VTEX Company Profile

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.