Boston Partners Cuts Holdings in VTEX (NYSE:VTEX)

Boston Partners decreased its position in shares of VTEX (NYSE:VTEXFree Report) by 23.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,816 shares of the company’s stock after selling 41,534 shares during the period. Boston Partners owned approximately 0.07% of VTEX worth $665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of VTEX by 57.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,187 shares of the company’s stock valued at $287,000 after buying an additional 20,780 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of VTEX during the third quarter valued at approximately $53,000. Russell Investments Group Ltd. raised its stake in shares of VTEX by 2.1% during the second quarter. Russell Investments Group Ltd. now owns 518,707 shares of the company’s stock valued at $2,490,000 after acquiring an additional 10,444 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of VTEX by 8.5% during the second quarter. Itau Unibanco Holding S.A. now owns 161,300 shares of the company’s stock valued at $774,000 after acquiring an additional 12,629 shares in the last quarter. Finally, Boulder Hill Capital Management LP bought a new stake in shares of VTEX during the second quarter valued at approximately $81,000. Hedge funds and other institutional investors own 50.07% of the company’s stock.

VTEX Stock Down 0.5 %

Shares of VTEX opened at $7.73 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.94 and a quick ratio of 3.94. VTEX has a 1-year low of $3.24 and a 1-year high of $8.38. The company’s fifty day moving average price is $7.30 and its 200-day moving average price is $6.20.

VTEX (NYSE:VTEXGet Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. VTEX had a negative net margin of 8.91% and a negative return on equity of 6.34%. The firm had revenue of $50.60 million for the quarter, compared to analyst estimates of $49.28 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. Sell-side analysts anticipate that VTEX will post -0.09 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VTEX shares. Bank of America lifted their price target on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Morgan Stanley raised VTEX from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $5.50 to $8.00 in a research report on Friday, January 5th. Finally, Piper Sandler upped their price target on VTEX from $6.00 to $7.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $7.29.

View Our Latest Analysis on VTEX

About VTEX

(Free Report)

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.

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Institutional Ownership by Quarter for VTEX (NYSE:VTEX)

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