Vtex (NYSE:VTEX) Stock Price Down 7.6%

Vtex (NYSE:VTEX) was down 7.6% on Thursday . The stock traded as low as $7.73 and last traded at $7.74. Approximately 1,594 shares changed hands during trading, a decline of 100% from the average daily volume of 654,663 shares. The stock had previously closed at $8.38.

Several equities research analysts recently weighed in on VTEX shares. Zacks Investment Research upgraded Vtex from a “sell” rating to a “hold” rating in a research report on Saturday, January 8th. Morgan Stanley upgraded Vtex from an “equal weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Friday, September 24th. Finally, KeyCorp lowered their price objective on Vtex from $35.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, October 21st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Vtex presently has an average rating of “Hold” and an average price target of $31.43.

The stock’s fifty day moving average price is $12.85. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.02.

Vtex (NYSE:VTEX) last released its quarterly earnings results on Wednesday, November 17th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). Vtex had a negative net margin of 45.99% and a negative return on equity of 40.74%. The company had revenue of $31.90 million for the quarter, compared to the consensus estimate of $31.29 million. Vtex’s revenue was up 15.6% compared to the same quarter last year. Equities analysts anticipate that Vtex will post -0.37 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley bought a new position in Vtex in the 3rd quarter valued at $29,000. UBS Group AG bought a new position in shares of Vtex during the 3rd quarter worth $32,000. US Bancorp DE bought a new position in shares of Vtex during the 3rd quarter worth $39,000. Caas Capital Management LP bought a new stake in Vtex during the third quarter valued at about $206,000. Finally, BlackRock Inc. bought a new stake in Vtex during the third quarter valued at about $206,000. 41.72% of the stock is currently owned by institutional investors.

Vtex Company Profile (NYSE:VTEX)

VTEX provides a software-as-a-service digital commerce platform for enterprise brands and retailers. The company’s platform enables customers to execute commerce strategy, including building online stores, integrating and managing orders across channels and creating marketplaces to sell products from third-party vendors.

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