VTEX (NYSE:VTEX) Reaches New 12-Month Low – Here’s What Happened

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

Analysts Set New Price Targets

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

VTEX Stock Performance

The stock’s 50-day moving average is $6.09 and its 200 day moving average is $6.54. The stock has a market capitalization of $824.44 million, a PE ratio of 74.68 and a beta of 1.36.

Hedge Funds Weigh In On VTEX

Hedge funds have recently made changes to their positions in the company. Quarry LP lifted its holdings in shares of VTEX by 105.7% in the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after purchasing an additional 1,869 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in VTEX during the fourth quarter worth approximately $33,000. Barclays PLC acquired a new position in VTEX during the third quarter worth approximately $35,000. State of Wyoming purchased a new stake in VTEX in the fourth quarter valued at approximately $45,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of VTEX in the fourth quarter valued at approximately $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.