VTEX (NYSE:VTEX) Trading Down 6.3% – Should You Sell?

Shares of VTEX (NYSE:VTEX) dropped 6.3% during mid-day trading on Monday . The stock traded as low as $3.89 and last traded at $3.9180. 455,647 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 1,282,010 shares. The stock had previously closed at $4.18.

Analysts Set New Price Targets

A number of analysts have commented on VTEX shares. UBS Group lifted their target price on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a report on Friday, May 8th. Bradesco Corretora downgraded VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday. Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.07.

VTEX Price Performance

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 firm’s fifty day moving average price is $3.97 and its two-hundred day moving average price is $3.76. The stock has a market capitalization of $687.93 million, a PE ratio of 25.22, a PEG ratio of 0.58 and a beta of 1.02.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The company had revenue of $64.39 million for the quarter, compared to the consensus estimate of $64.69 million. On average, equities analysts predict that VTEX will post 0.19 earnings per share for the current year.

Insider Buying and Selling at VTEX

In other news, Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the transaction, the director directly owned 9,965 shares of the company’s stock, valued at $35,774.35. This represents a 61.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 84,749 shares of company stock worth $338,747. 40.93% of the stock is owned by corporate insiders.

Institutional Trading of VTEX

Several large investors have recently modified their holdings of VTEX. Summit Securities Group LLC purchased a new stake in VTEX during the first quarter valued at $29,000. State of Wyoming bought a new position in VTEX in the second quarter valued at about $59,000. Aquatic Capital Management LLC purchased a new position in VTEX in the third quarter worth about $41,000. ProShare Advisors LLC purchased a new position in VTEX in the fourth quarter worth about $39,000. Finally, Ieq Capital LLC bought a new stake in shares of VTEX during the 4th quarter valued at about $41,000. Institutional investors own 63.69% of the company’s stock.

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.