AMS Capital Ltda Increases Position in VTEX (NYSE:VTEX)

AMS Capital Ltda lifted its holdings in shares of VTEX (NYSE:VTEX) by 12.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 726,443 shares of the company’s stock after acquiring an additional 83,096 shares during the quarter. VTEX accounts for about 0.9% of AMS Capital Ltda’s holdings, making the stock its 13th largest position. AMS Capital Ltda owned about 0.39% of VTEX worth $5,405,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Employees Retirement System of Texas raised its position in VTEX by 16.3% in the second quarter. Employees Retirement System of Texas now owns 26,212 shares of the company’s stock worth $190,000 after acquiring an additional 3,668 shares during the period. Squarepoint Ops LLC raised its holdings in shares of VTEX by 157.0% in the 2nd quarter. Squarepoint Ops LLC now owns 62,004 shares of the company’s stock worth $450,000 after purchasing an additional 37,875 shares during the period. Bank of Montreal Can purchased a new position in VTEX in the second quarter valued at approximately $887,000. Fourth Sail Capital LP grew its holdings in VTEX by 125.0% during the second quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock valued at $22,497,000 after purchasing an additional 1,721,568 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in VTEX by 15.9% during the second quarter. Renaissance Technologies LLC now owns 938,800 shares of the company’s stock valued at $6,816,000 after purchasing an additional 129,100 shares during the period. 63.69% of the stock is currently owned by institutional investors.

VTEX Price Performance

NYSE VTEX traded down $0.16 on Wednesday, hitting $6.61. The stock had a trading volume of 183,318 shares, compared to its average volume of 474,727. The firm has a 50-day moving average of $7.12 and a 200-day moving average of $7.07. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -165.75 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.61 and a current ratio of 3.61. VTEX has a 52-week low of $5.25 and a 52-week high of $9.59.

VTEX (NYSE:VTEX) last posted its earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. VTEX had a return on equity of 1.36% and a net margin of 1.51%. The business had revenue of $56.50 million during the quarter, compared to analysts’ expectations of $56.45 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. Equities analysts expect that VTEX will post 0.07 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price objective on VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $10.40.

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.