Verde Servicos Internacionais S.A. Buys New Holdings in VTEX (NYSE:VTEX)

Verde Servicos Internacionais S.A. purchased a new stake in shares of VTEX (NYSE:VTEX) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 70,000 shares of the company’s stock, valued at approximately $412,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VTEX. Quarry LP raised its stake 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 stake in VTEX in the 3rd quarter valued at $35,000. MQS Management LLC purchased a new position in VTEX in the third quarter valued at about $91,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of VTEX during the third quarter worth about $134,000. Finally, Quadrature Capital Ltd acquired a new position in shares of VTEX during the third quarter worth about $165,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Stock Performance

NYSE:VTEX opened at $6.21 on Tuesday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 103.43 and a beta of 1.33. VTEX has a one year low of $5.60 and a one year high of $9.59. The business’s 50-day simple moving average is $6.11 and its 200 day simple moving average is $6.63.

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. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The business had revenue of $56.00 million during the quarter, compared to analyst estimates of $57.20 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts predict that VTEX will post 0.08 EPS for the current year.

Analysts Set New Price Targets

VTEX has been the subject of a number of recent research reports. UBS Group lowered their target price on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Citigroup began coverage on shares of VTEX in a research report on Thursday, December 5th. They issued a “neutral” rating and a $6.70 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th.

VTEX Profile

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.