VTEX (NYSE:VTEX) Shares Down 5.1% – Time to Sell?

VTEX (NYSE:VTEX)’s stock price dropped 5.1% during mid-day trading on Tuesday . The company traded as low as $3.97 and last traded at $3.9950. 118,521 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,363,269 shares. The stock had previously closed at $4.21.

Analysts Set New Price Targets

A number of research firms have commented on VTEX. UBS Group increased their price objective on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings upgraded VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. Finally, Brean Capital upgraded VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.18.

VTEX Stock Down 6.8%

The firm’s 50 day moving average is $3.75 and its two-hundred day moving average is $3.66. The stock has a market cap of $669.16 million, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05.

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 analysts’ consensus estimates of $0.03 by ($0.01). VTEX had a return on equity of 9.68% and a net margin of 9.40%.The company had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.65 million. On average, analysts anticipate that VTEX will post 0.19 EPS for the current fiscal year.

Insider Transactions at VTEX

In other VTEX news, Director Alejandro Raul Scannapieco sold 15,937 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total value of $57,213.83. Following the sale, the director directly owned 9,965 shares in the company, valued at approximately $35,774.35. This trade represents a 61.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 86,249 shares of company stock valued at $340,311 in the last quarter. Company insiders own 40.93% of the company’s stock.

Institutional Trading of VTEX

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in VTEX by 11.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,306 shares of the company’s stock worth $122,000 after acquiring an additional 3,389 shares during the period. Van ECK Associates Corp grew its stake in shares of VTEX by 18.5% in the third quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock worth $135,000 after purchasing an additional 4,802 shares in the last quarter. Barclays PLC increased its holdings in shares of VTEX by 6.3% during the fourth quarter. Barclays PLC now owns 87,792 shares of the company’s stock valued at $330,000 after purchasing an additional 5,169 shares during the period. Summit Securities Group LLC bought a new stake in shares of VTEX during the first quarter valued at about $29,000. Finally, MQS Management LLC lifted its holdings in VTEX by 59.0% in the fourth quarter. MQS Management LLC now owns 23,512 shares of the company’s stock worth $88,000 after purchasing an additional 8,722 shares during the period. 63.69% of the stock is currently owned by 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.