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

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

Wall Street Analysts Forecast Growth

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

VTEX Stock Down 16.9 %

The company has a market capitalization of $916.45 million, a PE ratio of 83.85 and a beta of 1.36. The firm has a 50-day moving average of $6.18 and a two-hundred day moving average of $6.61.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew its position in VTEX by 105.7% in the third quarter. Quarry LP now owns 3,637 shares of the company’s stock worth $27,000 after acquiring an additional 1,869 shares during the period. Barclays PLC acquired a new position in VTEX during the third quarter worth $35,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in VTEX during the fourth quarter worth $33,000. State of Wyoming acquired a new position in VTEX during the fourth quarter worth $45,000. Finally, SBI Securities Co. Ltd. acquired a new position in VTEX during the fourth quarter worth $59,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

VTEX Company 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.