VTEX (NYSE:VTEX) Sees Large Decline in Short Interest
by Tristan Rich · The Markets DailyVTEX (NYSE:VTEX – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,820,296 shares, a decrease of 36.4% from the August 15th total of 2,862,694 shares. Based on an average daily trading volume, of 686,287 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.8% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on VTEX. Weiss Ratings downgraded shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Wall Street Zen lowered VTEX from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Bradesco Corretora cut shares of VTEX to a “neutral” rating and set a $4.50 price target for the company. in a report on Friday, August 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $5.10 price objective on shares of VTEX in a research report on Thursday, August 27th. Finally, Itau BBA Securities reiterated a “market perform” rating and set a $4.50 price target on shares of VTEX in a research report on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.69.
View Our Latest Stock Report on VTEX
Insider Activity
In related news, insider André Spolidoro sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the transaction, the insider directly owned 301,431 shares in the company, valued at $1,217,781.24. This trade represents a 4.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alejandro Scannapieco sold 11,994 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $3.67, for a total transaction of $44,017.98. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 97,306 shares of company stock valued at $392,076. 40.93% of the stock is currently owned by insiders.
Institutional Investors Weigh In On VTEX
Several hedge funds have recently modified their holdings of VTEX. Summit Securities Group LLC purchased a new stake in shares of VTEX during the first quarter valued at approximately $29,000. ProShare Advisors LLC bought a new position in VTEX during the 4th quarter worth approximately $39,000. AXQ Capital LP bought a new position in VTEX during the second quarter worth $47,000. Corient Private Wealth LP bought a new position in shares of VTEX in the 2nd quarter worth about $58,000. Finally, Public Employees Retirement System of Ohio acquired a new position in VTEX in the second quarter valued at approximately $67,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.
VTEX Trading Down 0.7%
VTEX stock traded down $0.03 during trading on Thursday, reaching $3.65. The company had a trading volume of 304,827 shares, compared to its average volume of 1,202,130. The firm has a market capitalization of $621.44 million, a price-to-earnings ratio of 22.78, a PEG ratio of 0.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. The stock’s 50 day moving average price is $3.89 and its two-hundred day moving average price is $3.86. VTEX has a 12-month low of $2.84 and a 12-month high of $4.73.
VTEX (NYSE:VTEX – Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $64.39 million for the quarter, compared to analyst estimates of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. As a group, equities analysts expect that VTEX will post 0.21 earnings per share for the current fiscal year.
VTEX Company Profile
VTEX is a global cloud commerce company that provides software for businesses to create, manage and expand digital commerce operations. Its platform supports online stores, marketplaces and unified commerce initiatives, helping companies connect digital and physical sales channels.
VTEX’s product offering includes commerce management, order management, marketplace capabilities, customer and seller tools, payments integrations, promotions, search and merchandising, and content management.