VTEX (NYSE:VTEX) Posts Quarterly Earnings Results, Meets Estimates

VTEX (NYSE:VTEX) announced its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03, Zacks reports. VTEX had a return on equity of 5.27% and a net margin of 5.80%.The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 earnings per share.

VTEX Price Performance

Shares of VTEX traded down $0.22 during midday trading on Thursday, reaching $4.32. The stock had a trading volume of 1,427,559 shares, compared to its average volume of 1,273,410. VTEX has a 12-month low of $3.91 and a 12-month high of $6.93. The company has a market capitalization of $788.96 million, a price-to-earnings ratio of 53.96 and a beta of 1.33. The company’s 50-day moving average is $4.33 and its 200 day moving average is $5.32. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.01.

Institutional Trading of VTEX

Institutional investors have recently modified their holdings of the company. BW Gestao de Investimentos Ltda. lifted its stake in VTEX by 1,301.0% in the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock worth $4,929,000 after acquiring an additional 693,457 shares during the period. Geode Capital Management LLC purchased a new position in shares of VTEX in the 2nd quarter valued at approximately $4,543,000. Lazard Asset Management LLC lifted its stake in shares of VTEX by 145.8% in the 2nd quarter. Lazard Asset Management LLC now owns 316,400 shares of the company’s stock valued at $2,088,000 after purchasing an additional 187,677 shares during the period. Jane Street Group LLC lifted its stake in shares of VTEX by 1,570.1% in the 1st quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock valued at $949,000 after purchasing an additional 175,940 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of VTEX by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock valued at $1,119,000 after purchasing an additional 84,189 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VTEX has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $6.00 price target (down from $7.50) on shares of VTEX in a research report on Friday, August 8th. The Goldman Sachs Group initiated coverage on VTEX in a report on Wednesday, October 15th. They set a “buy” rating and a $5.30 target price for the company. Wall Street Zen raised shares of VTEX from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research note on Tuesday, October 14th. Finally, Jefferies Financial Group raised shares of VTEX from a “hold” rating to a “buy” rating and reduced their price objective for the company from $7.30 to $6.50 in a research note on Wednesday, September 17th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.16.

VTEX Company Profile

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.