VTEX (NYSE:VTEX) Reaches New 12-Month Low – Here’s What Happened

VTEX (NYSE:VTEX)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $5.45 and last traded at $4.96, with a volume of 15033 shares traded. The stock had previously closed at $5.99.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group decreased their price target on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. lowered their target price on VTEX from $9.50 to $9.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Finally, Citigroup began coverage on VTEX in a report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price target on the stock.

VTEX Stock Performance

The stock’s 50-day simple moving average is $6.18 and its 200 day simple moving average is $6.61. The company has a market capitalization of $916.45 million, a PE ratio of 83.85 and a beta of 1.36.

Institutional Investors Weigh In On VTEX

Several institutional investors have recently modified their holdings of the company. Quarry LP lifted its position in shares of VTEX by 105.7% during the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock worth $27,000 after purchasing an additional 1,869 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of VTEX by 15.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company’s stock worth $157,000 after purchasing an additional 3,644 shares during the last quarter. Barclays PLC purchased a new stake in shares of VTEX during the 3rd quarter worth $35,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of VTEX during the 4th quarter worth $33,000. Finally, Point72 Asset Management L.P. lifted its position in shares of VTEX by 22.2% during the 4th quarter. Point72 Asset Management L.P. now owns 32,200 shares of the company’s stock worth $190,000 after purchasing an additional 5,845 shares during the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

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.