Key Points
- VTEX director Francisco Alvarez-Demalde sold 198,640 shares at an average of $3.90, a transaction worth about $774,696 that cut his position by 50%.
- VTEX reported quarterly EPS of $0.02, below the $0.05 consensus estimate, while revenue of $63.38 million slightly exceeded forecasts.
- Analyst sentiment is mostly cautious: VTEX has a consensus Hold rating and a $4.53 average price target, with two Buy ratings and five Hold ratings.
VTEX (NYSE:VTEX - Get Free Report) Director Francisco Alvarez-Demalde sold 198,640 shares of the company's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $3.90, for a total transaction of $774,696.00. Following the completion of the transaction, the director owned 198,640 shares of the company's stock, valued at $774,696. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
VTEX Stock Performance
Shares of VTEX stock opened at $3.94 on Friday. The stock's 50-day moving average is $3.85 and its two-hundred day moving average is $3.79. The firm has a market cap of $670.88 million, a price-to-earnings ratio of 26.24, a PEG ratio of 0.59 and a beta of 1.05. VTEX has a 1 year low of $2.84 and a 1 year high of $4.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.78 and a current ratio of 2.78.
VTEX (NYSE:VTEX - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). VTEX had a net margin of 10.48% and a return on equity of 11.82%. The firm had revenue of $63.38 million during the quarter, compared to analysts' expectations of $63.19 million. Analysts predict that VTEX will post 0.19 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Wall Street Zen lowered VTEX from a "buy" rating to a "hold" rating in a research report on Saturday, November 7th. Morgan Stanley downgraded VTEX from an "overweight" rating to an "equal weight" rating and set a $4.00 price objective for the company. in a report on Friday, August 28th. Weiss Ratings restated a "hold (c-)" rating on shares of VTEX in a research report on Thursday, October 29th. Itau BBA Securities lowered shares of VTEX from an "outperform" rating to a "market perform" rating and set a $4.50 target price on the stock. in a research report on Tuesday, August 25th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $5.10 target price on shares of VTEX in a report on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, VTEX presently has an average rating of "Hold" and a consensus target price of $4.53.
Get Our Latest Stock Report on VTEX
Institutional Investors Weigh In On VTEX
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted 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. Hsbc Holdings PLC purchased a new position in shares of VTEX during the first quarter worth about $2,302,000. Principal Financial Group Inc. increased its position in VTEX by 32.2% in the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company's stock valued at $1,321,000 after acquiring an additional 80,460 shares during the period. Globeflex Capital L P acquired a new position in VTEX in the 1st quarter valued at about $1,144,000. Finally, Sei Investments Co. acquired a new position in VTEX in the 1st quarter valued at about $844,000. 63.69% of the stock is owned by hedge funds and other institutional investors.
VTEX Company Profile
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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.
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