VTEX (NYSE:VTEX) Reaches New 52-Week Low – Time to Sell?

VTEX (NYSE:VTEX)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.60 and last traded at $5.70, with a volume of 52175 shares. The stock had previously closed at $5.75.

Analysts Set New Price Targets

A number of research firms have commented on VTEX. UBS Group cut their target price on shares of VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Citigroup assumed coverage on shares of VTEX in a report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price objective on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.62.

VTEX Trading Up 1.9 %

The business’s 50-day moving average price is $6.37 and its 200-day moving average price is $6.76. The stock has a market cap of $1.08 billion, a PE ratio of 98.18 and a beta of 1.34.

VTEX (NYSE:VTEX) last issued 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. The business had revenue of $56.00 million for the quarter, compared to the consensus estimate of $57.20 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) earnings per share. As a group, analysts predict that VTEX will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On VTEX

A number of large investors have recently modified their holdings of the business. Quarry LP increased its position in shares of VTEX by 105.7% in the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after acquiring an additional 1,869 shares during the period. Barclays PLC acquired a new position in shares of VTEX in the third quarter valued at about $35,000. nVerses Capital LLC purchased a new position in shares of VTEX in the second quarter worth about $40,000. MQS Management LLC acquired a new stake in shares of VTEX during the third quarter worth about $91,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in VTEX in the third quarter valued at approximately $134,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.