VTEX (NYSE:VTEX) is Dynamo Administracao de Recursos Ltda.’s 3rd Largest Position

Dynamo Administracao de Recursos Ltda. decreased its holdings in shares of VTEX (NYSE:VTEX) by 70.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,531 shares of the company’s stock after selling 92,308 shares during the quarter. VTEX comprises about 12.4% of Dynamo Administracao de Recursos Ltda.’s portfolio, making the stock its 3rd biggest holding. Dynamo Administracao de Recursos Ltda.’s holdings in VTEX were worth $294,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of VTEX in the third quarter valued at about $134,000. MQS Management LLC purchased a new stake in shares of VTEX in the third quarter valued at about $91,000. GSA Capital Partners LLP grew its holdings in shares of VTEX by 273.9% in the third quarter. GSA Capital Partners LLP now owns 87,967 shares of the company’s stock valued at $654,000 after purchasing an additional 64,438 shares during the period. AMS Capital Ltda grew its holdings in shares of VTEX by 12.9% in the third quarter. AMS Capital Ltda now owns 726,443 shares of the company’s stock valued at $5,405,000 after purchasing an additional 83,096 shares during the period. Finally, Employees Retirement System of Texas grew its holdings in shares of VTEX by 16.3% in the second quarter. Employees Retirement System of Texas now owns 26,212 shares of the company’s stock valued at $190,000 after purchasing an additional 3,668 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

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

VTEX Price Performance

Shares of VTEX stock opened at $6.22 on Friday. The firm has a market cap of $1.14 billion, a PE ratio of 103.68 and a beta of 1.40. The company has a 50-day moving average of $6.84 and a two-hundred day moving average of $6.88. VTEX has a 1-year low of $5.72 and a 1-year high of $9.59.

VTEX (NYSE:VTEX) last announced its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $56.00 million during the quarter, compared to analyst estimates of $57.20 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. VTEX’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) earnings per share. Sell-side analysts anticipate that VTEX will post 0.08 EPS for the current fiscal year.

VTEX 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.