XTX Topco Ltd Invests $660,000 in VTEX (NYSE:VTEX)

XTX Topco Ltd acquired a new stake in shares of VTEX (NYSE:VTEX - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 88,751 shares of the company's stock, valued at approximately $660,000.

Other hedge funds have also made changes to their positions in the company. Quarry LP boosted its stake in VTEX by 105.7% during the 3rd quarter. Quarry LP now owns 3,637 shares of the company's stock valued at $27,000 after purchasing an additional 1,869 shares during the period. nVerses Capital LLC bought a new stake in VTEX during the 2nd quarter valued at approximately $40,000. MQS Management LLC bought a new stake in VTEX during the 3rd quarter valued at approximately $91,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of VTEX in the 3rd quarter worth approximately $134,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of VTEX during the 3rd quarter worth approximately $165,000. Institutional investors and hedge funds own 63.69% of the company's stock.

VTEX Price Performance

Shares of VTEX stock traded down $0.06 on Friday, reaching $6.34. 736,387 shares of the stock were exchanged, compared to its average volume of 487,144. The stock has a market cap of $1.17 billion, a PE ratio of 106.85 and a beta of 1.34. VTEX has a one year low of $5.72 and a one year high of $9.59. The stock has a 50 day moving average price of $6.66 and a 200 day moving average price of $6.83.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The business had revenue of $56.00 million during the quarter, compared to the consensus estimate of $57.20 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The firm's revenue was up 10.6% on a year-over-year basis. On average, research analysts expect that VTEX will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup assumed coverage on VTEX in a report on Thursday, December 5th. They set a "neutral" rating and a $6.70 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $9.78.

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.