VTEX (NYSE:VTEX) Stock Position Cut by Fourth Sail Capital LP

Fourth Sail Capital LP decreased its holdings in VTEX (NYSE:VTEX - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,993,978 shares of the company's stock after selling 104,784 shares during the quarter. VTEX accounts for about 5.6% of Fourth Sail Capital LP's investment portfolio, making the stock its 8th largest position. Fourth Sail Capital LP owned approximately 1.63% of VTEX worth $22,275,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VTEX. Employees Retirement System of Texas boosted its stake in shares of VTEX by 16.3% in the 2nd 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 last quarter. nVerses Capital LLC bought a new stake in VTEX in the 2nd quarter valued at $40,000. Lazard Asset Management LLC lifted its position in shares of VTEX by 52.3% during the 1st quarter. Lazard Asset Management LLC now owns 20,783 shares of the company's stock valued at $169,000 after acquiring an additional 7,138 shares during the period. Bayesian Capital Management LP acquired a new stake in VTEX in the first quarter valued at about $83,000. Finally, MQS Management LLC bought a new position in shares of VTEX in the 3rd quarter valued at $91,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

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

VTEX Price Performance

NYSE:VTEX traded down $0.07 during midday trading on Monday, hitting $6.22. The company's stock had a trading volume of 619,446 shares, compared to its average volume of 476,108. The firm's 50 day moving average is $6.91 and its 200-day moving average is $6.93. The firm has a market cap of $1.14 billion, a P/E ratio of 103.68 and a beta of 1.40. VTEX has a fifty-two week low of $5.72 and a fifty-two week high of $9.59.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The firm had revenue of $56.00 million during the quarter, compared to analysts' expectations of $57.20 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The business's revenue for the quarter was up 10.6% on a year-over-year basis. As a group, analysts forecast that VTEX will post 0.07 EPS for the current year.

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.