VTEX (NYSE:VTEX) Short Interest Down 36.4% in August

VTEX (NYSE:VTEX) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,820,296 shares, a decrease of 36.4% from the August 15th total of 2,862,694 shares. Based on an average daily volume of 686,287 shares, the short-interest ratio is currently 2.7 days. Approximately 1.8% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen lowered VTEX from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Jefferies Financial Group restated a “buy” rating and issued a $5.10 target price on shares of VTEX in a report on Thursday, August 27th. Itau BBA Securities restated a “market perform” rating and set a $4.50 price target on shares of VTEX in a report on Tuesday, August 25th. Bradesco Corretora cut VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a research report on Friday, August 7th. Finally, Morgan Stanley set a $4.00 target price on shares of VTEX and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, VTEX presently has an average rating of “Hold” and an average price target of $4.69.

VTEX Stock Performance

NYSE VTEX traded down $0.03 during trading on Thursday, hitting $3.65. The company’s stock had a trading volume of 304,827 shares, compared to its average volume of 1,202,130. VTEX has a 52 week low of $2.84 and a 52 week high of $4.73. The firm has a 50 day moving average price of $3.89 and a 200 day moving average price of $3.86. The firm has a market cap of $621.44 million, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 0.46 and a beta of 0.99. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $64.39 million during the quarter, compared to the consensus estimate of $64.69 million. VTEX had a net margin of 11.98% and a return on equity of 12.98%. Equities research analysts forecast that VTEX will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other VTEX news, Director Alejandro Scannapieco sold 11,994 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $3.67, for a total transaction of $44,017.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider André Spolidoro sold 15,000 shares of the firm’s 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 transaction, the insider owned 301,431 shares in the company, valued at $1,217,781.24. This represents a 4.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,306 shares of company stock valued at $392,076 over the last three months. Corporate insiders own 40.93% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTEX. Hsbc Holdings PLC acquired a new stake in VTEX in the 1st quarter valued at $2,302,000. Globeflex Capital L P bought a new stake in VTEX during the 1st quarter worth about $1,144,000. Bank of America Corp DE grew its stake in shares of VTEX by 56.0% during the first quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after purchasing an additional 245,306 shares during the last quarter. Banco BTG Pactual S.A. increased its stake in shares of VTEX by 29.9% in the 4th quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company’s stock valued at $2,271,000 after buying an additional 139,100 shares during the period. Finally, Sei Investments Co. acquired a new stake in VTEX in the first quarter worth about $844,000. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

VTEX is a global cloud commerce company that provides software for businesses to create, manage and expand digital commerce operations. Its platform supports online stores, marketplaces and unified commerce initiatives, helping companies connect digital and physical sales channels.

VTEX’s product offering includes commerce management, order management, marketplace capabilities, customer and seller tools, payments integrations, promotions, search and merchandising, and content management.