VTEX (NYSE:VTEX) Sets New 52-Week Low Following Analyst Downgrade

Shares of VTEX (NYSE:VTEX - Get Free Report) hit a new 52-week low during trading on Friday after UBS Group lowered their price target on the stock from $12.50 to $11.00. UBS Group currently has a buy rating on the stock. VTEX traded as low as $5.68 and last traded at $5.84, with a volume of 12796 shares changing hands. The stock had previously closed at $5.84.

Separately, Citigroup started coverage on shares of VTEX in a research report on Thursday, December 5th. They issued a "neutral" rating and a $6.70 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, VTEX has an average rating of "Moderate Buy" and a consensus price target of $9.62.

Institutional Investors Weigh In On VTEX

Several institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in VTEX by 15.9% during the second quarter. Renaissance Technologies LLC now owns 938,800 shares of the company's stock worth $6,816,000 after purchasing an additional 129,100 shares in the last quarter. Fourth Sail Capital LP raised its stake in VTEX by 125.0% during the 2nd quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company's stock worth $22,497,000 after acquiring an additional 1,721,568 shares in the last quarter. Acadian Asset Management LLC lifted its position in VTEX by 23.0% in the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company's stock valued at $12,233,000 after acquiring an additional 315,507 shares during the last quarter. Janus Henderson Group PLC boosted its stake in VTEX by 2,128.1% in the third quarter. Janus Henderson Group PLC now owns 558,216 shares of the company's stock valued at $4,144,000 after acquiring an additional 533,163 shares in the last quarter. Finally, AMS Capital Ltda grew its holdings in shares of VTEX by 12.9% during the third quarter. AMS Capital Ltda now owns 726,443 shares of the company's stock worth $5,405,000 after purchasing an additional 83,096 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

VTEX Price Performance

The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 94.68 and a beta of 1.34. The stock has a 50-day moving average price of $6.51 and a 200 day moving average price of $6.80.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $57.20 million. During the same quarter last year, the business posted ($0.01) EPS. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts predict that VTEX will post 0.09 earnings per share for the current year.

About VTEX

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.