VTEX (NYSE:VTEX) Shares Gap Down – Time to Sell?

VTEX (NYSE:VTEX) shares gapped down prior to trading on Monday. The stock had previously closed at $4.17, but opened at $3.65. VTEX shares last traded at $4.0330, with a volume of 474,829 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VTEX shares. Wall Street Zen cut shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Itau BBA Securities restated a “market perform” rating and issued a $4.50 price objective on shares of VTEX in a research report on Tuesday, August 25th. Bradesco Corretora downgraded VTEX to a “neutral” rating and set a $4.50 price objective on the stock. in a research note on Friday, August 7th. Jefferies Financial Group reiterated a “buy” rating and set a $5.10 target price on shares of VTEX in a report on Thursday, August 27th. Finally, Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, VTEX currently has an average rating of “Hold” and a consensus price target of $4.60.

VTEX Stock Down 1.6%

The company has a market cap of $667.45 million, a price-to-earnings ratio of 24.47 and a beta of 0.94. The company’s fifty day moving average price is $3.76 and its two-hundred day moving average price is $3.75.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $64.39 million for the quarter, compared to analyst estimates of $64.69 million. On average, equities research analysts predict that VTEX will post 0.21 earnings per share for the current fiscal year.

Insider Transactions at VTEX

In other VTEX news, Director Alejandro Scannapieco sold 11,994 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider André Spolidoro sold 15,000 shares of VTEX stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the sale, the insider owned 301,431 shares in the company, valued at $1,217,781.24. This trade represents a 4.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 81,074 shares of company stock valued at $325,747. 40.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On VTEX

A number of large investors have recently modified their holdings of VTEX. Summit Securities Group LLC acquired a new stake in shares of VTEX in the first quarter valued at about $29,000. Kapitalo Investimentos Ltda acquired a new position in VTEX during the third quarter valued at approximately $36,000. AXQ Capital LP acquired a new position in VTEX during the second quarter valued at approximately $47,000. Corient Private Wealth LP bought a new position in VTEX in the second quarter valued at approximately $58,000. Finally, Public Employees Retirement System of Ohio bought a new position in VTEX in the second quarter valued at approximately $67,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

About VTEX

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.