VTEX (NYSE:VTEX) Stock Price Up 9.4% – Here’s Why

VTEX (NYSE:VTEX)’s stock price traded up 9.4% during mid-day trading on Monday . The company traded as high as $4.28 and last traded at $4.2650. Approximately 762,482 shares traded 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group raised their target price 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 raised VTEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, VTEX has a consensus rating of “Moderate Buy” and a consensus price target of $5.18.

VTEX Trading Up 8.6%

The business’s 50-day moving average is $3.83 and its two-hundred day moving average is $3.70. The stock has a market capitalization of $722.03 million, a PE ratio of 35.46, a PEG ratio of 0.54 and a beta of 1.03.

VTEX (NYSE:VTEX) last released its earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $60.70 million for the quarter, compared to the consensus estimate of $60.65 million. VTEX had a return on equity of 9.68% and a net margin of 9.40%. On average, analysts predict that VTEX will post 0.19 EPS for the current year.

Insider Buying and Selling at VTEX

In other VTEX news, Director Alejandro Raul Scannapieco sold 15,937 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the sale, the director owned 9,965 shares in the company, valued at approximately $35,774.35. The trade was a 61.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 65,517 shares of company stock worth $255,857. Company insiders own 40.93% of the company’s stock.

Institutional Investors Weigh In On VTEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Polar Capital Holdings Plc increased its holdings in shares of VTEX by 11.9% during the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after purchasing an additional 748,712 shares during the period. Millennium Management LLC raised its holdings in shares of VTEX by 36.6% in the fourth quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock valued at $7,865,000 after purchasing an additional 560,828 shares during the last quarter. State Street Corp grew its holdings in VTEX by 7.7% during the fourth quarter. State Street Corp now owns 1,590,672 shares of the company’s stock worth $5,981,000 after purchasing an additional 114,256 shares during the period. Citadel Advisors LLC increased its position in VTEX by 524.5% during the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after buying an additional 850,132 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in VTEX in the third quarter valued at about $4,412,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.