VTEX (NYSE:VTEX) Sees Large Drop in Short Interest

VTEX (NYSE:VTEX) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 430,100 shares, a decline of 33.7% from the June 15th total of 648,800 shares. Based on an average daily trading volume, of 477,500 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company’s shares are sold short.

Analyst Ratings Changes

A number of research firms have weighed in on VTEX. JPMorgan Chase & Co. upgraded VTEX from a “neutral” rating to an “overweight” rating and set a $9.00 target price on the stock in a report on Tuesday, May 14th. UBS Group boosted their price target on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, VTEX has a consensus rating of “Buy” and a consensus price target of $10.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTEX. Exchange Traded Concepts LLC purchased a new position in VTEX in the fourth quarter worth about $28,000. Mirae Asset Global Investments Co. Ltd. grew its position in VTEX by 2.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,489 shares of the company’s stock worth $402,000 after acquiring an additional 1,302 shares in the last quarter. New York State Common Retirement Fund purchased a new position in VTEX in the fourth quarter worth about $99,000. Van ECK Associates Corp boosted its position in shares of VTEX by 28.6% during the fourth quarter. Van ECK Associates Corp now owns 33,226 shares of the company’s stock valued at $229,000 after buying an additional 7,392 shares during the period. Finally, Fourth Sail Capital LP purchased a new position in shares of VTEX during the fourth quarter valued at approximately $22,122,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

VTEX Price Performance

VTEX stock traded up $0.04 during trading on Friday, reaching $7.15. The company’s stock had a trading volume of 3,478 shares, compared to its average volume of 470,064. VTEX has a 1 year low of $4.66 and a 1 year high of $9.59. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.32 billion, a P/E ratio of -177.75 and a beta of 1.38. The company’s fifty day moving average is $6.98 and its 200-day moving average is $7.55.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. VTEX had a negative net margin of 3.87% and a negative return on equity of 3.32%. The business had revenue of $52.60 million during the quarter, compared to the consensus estimate of $53.45 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. The business’s revenue was up 24.3% on a year-over-year basis. On average, research analysts expect that VTEX will post -0.03 earnings per share for the current fiscal year.

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.