VTEX (NYSE:VTEX) Reaches New 1-Year Low – Time to Sell?

VTEX (NYSE:VTEX)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.39 and last traded at $4.48, with a volume of 1280367 shares changing hands. The stock had previously closed at $4.80.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup assumed coverage on VTEX in a research note on Thursday, December 5th. They issued a “neutral” rating and a $6.70 target price on the stock. UBS Group cut their price objective on shares of VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a report on Friday, January 10th.

VTEX Price Performance

The stock’s fifty day moving average is $6.04 and its 200-day moving average is $6.50. The stock has a market capitalization of $847.44 million, a PE ratio of 76.76 and a beta of 1.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP lifted its position in VTEX by 105.7% during the third quarter. Quarry LP now owns 3,637 shares of the company’s stock worth $27,000 after buying an additional 1,869 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of VTEX during the 4th quarter worth $33,000. Barclays PLC purchased a new position in shares of VTEX during the 3rd quarter worth $35,000. State of Wyoming purchased a new position in shares of VTEX during the 4th quarter worth $45,000. Finally, SBI Securities Co. Ltd. purchased a new position in VTEX during the fourth quarter worth about $59,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.