VTEX (NYSE:VTEX) Sees Significant Decline in Short Interest

VTEX (NYSE:VTEX) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 344,000 shares, a drop of 20.0% from the June 30th total of 430,100 shares. Based on an average daily trading volume, of 470,900 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised shares of VTEX from a “neutral” rating to an “overweight” rating and set a $9.00 price target on the stock in a research note on Tuesday, May 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, VTEX has an average rating of “Buy” and a consensus price target of $10.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its holdings in shares of VTEX by 1,856.3% in the 1st quarter. Sei Investments Co. now owns 247,869 shares of the company’s stock valued at $2,025,000 after buying an additional 235,199 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of VTEX by 153.4% in the 1st quarter. Russell Investments Group Ltd. now owns 913,774 shares of the company’s stock valued at $7,468,000 after buying an additional 553,193 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of VTEX in the 4th quarter valued at about $138,000. New York State Common Retirement Fund bought a new stake in shares of VTEX in the 4th quarter valued at about $99,000. Finally, Absoluto Partners Gestao de Recursos Ltda bought a new stake in shares of VTEX in the 4th quarter valued at about $7,899,000. 63.69% of the stock is currently owned by institutional investors.

VTEX Trading Up 1.4 %

VTEX stock traded up $0.09 during trading on Tuesday, hitting $6.42. The company had a trading volume of 467,658 shares, compared to its average volume of 471,396. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.01. VTEX has a 52-week low of $4.66 and a 52-week high of $9.59. The company has a 50 day simple moving average of $6.86 and a 200-day simple moving average of $7.53. The firm has a market capitalization of $1.18 billion, a P/E ratio of -157.50 and a beta of 1.38.

VTEX (NYSE:VTEX) last issued its earnings results on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping 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 company had revenue of $52.60 million for the quarter, compared to analysts’ expectations of $53.45 million. During the same period in the prior year, the business earned ($0.04) EPS. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. As a group, research analysts forecast 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.