Key Points
- VTEX insider André Spolidoro sold 20,804 shares at an average price of $3.93, receiving about $81,760. The sale reduced his holdings by 6.87% to 282,027 shares.
- VTEX reported quarterly EPS of $0.02, below the $0.05 analyst consensus, while revenue of $63.38 million slightly exceeded expectations.
- Analyst sentiment is broadly cautious: VTEX has a consensus Hold rating and an average price target of $4.53.
VTEX (NYSE:VTEX - Get Free Report) insider André Spolidoro sold 20,804 shares of the firm's stock in a transaction on Monday, November 9th. The stock was sold at an average price of $3.93, for a total value of $81,759.72. Following the transaction, the insider owned 282,027 shares of the company's stock, valued at approximately $1,108,366.11. This represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Andre Spolidoro Ferreira Gomes also recently made the following trade(s):
- On Friday, October 16th, André Spolidoro sold 3,000 shares of VTEX stock. The shares were sold at an average price of $4.19, for a total value of $12,570.00.
- On Monday, August 17th, André Spolidoro sold 3,000 shares of VTEX stock. The shares were sold at an average price of $3.57, for a total value of $10,710.00.
VTEX Price Performance
VTEX opened at $3.90 on Wednesday. The stock's 50-day moving average price is $3.83 and its 200 day moving average price is $3.78. VTEX has a 12-month low of $2.84 and a 12-month high of $4.60. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.04. The firm has a market cap of $664.06 million, a price-to-earnings ratio of 25.97, a PEG ratio of 0.60 and a beta of 1.05.
VTEX (NYSE:VTEX - Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The firm had revenue of $63.38 million for the quarter, compared to analysts' expectations of $63.19 million. VTEX had a net margin of 10.48% and a return on equity of 11.82%. As a group, sell-side analysts expect that VTEX will post 0.19 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on VTEX. Jefferies Financial Group restated a "buy" rating and issued a $5.10 price objective on shares of VTEX in a report on Thursday, August 27th. Morgan Stanley lowered shares of VTEX from an "overweight" rating to an "equal weight" rating and set a $4.00 target price on the stock. in a report on Friday, August 28th. Weiss Ratings reissued a "hold (c-)" rating on shares of VTEX in a research report on Thursday, October 29th. Wall Street Zen downgraded shares of VTEX from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Itau BBA Securities lowered VTEX from an "outperform" rating to a "market perform" rating and set a $4.50 price objective on the stock. in a research report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, VTEX has a consensus rating of "Hold" and a consensus price target of $4.53.
View Our Latest Stock Analysis on VTEX
Hedge Funds Weigh In On VTEX
Several hedge funds and other institutional investors have recently made changes to their positions in VTEX. Hsbc Holdings PLC acquired a new position in shares of VTEX during the first quarter worth about $2,302,000. Globeflex Capital L P purchased a new stake in shares of VTEX during the first quarter worth approximately $1,144,000. Sei Investments Co. purchased a new stake in shares of VTEX during the first quarter worth approximately $844,000. Bank of America Corp DE increased its stake in shares of VTEX by 56.0% during the first quarter. Bank of America Corp DE now owns 683,062 shares of the company's stock worth $2,732,000 after buying an additional 245,306 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in VTEX in the first quarter valued at approximately $292,000. Hedge funds and other institutional investors own 63.69% of the company's stock.
VTEX Company Profile
(
Get Free Report)
VTEX is a cloud-based commerce technology company that provides a digital commerce platform for retailers, brands and other businesses. Its software supports online stores and helps companies manage digital sales across multiple channels. The platform combines storefront tools with capabilities for order management, marketplace operations, payments and integrations with other business systems. VTEX's services are designed to help companies build and manage customer-facing commerce experiences while coordinating orders and operations behind the scenes.
Further Reading
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