Boston Partners Sells 55,116 Shares of VTEX (NYSE:VTEX)

Boston Partners trimmed its position in shares of VTEX (NYSE:VTEXFree Report) by 41.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,700 shares of the company’s stock after selling 55,116 shares during the period. Boston Partners’ holdings in VTEX were worth $535,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Fourth Sail Capital LP purchased a new position in shares of VTEX during the fourth quarter valued at approximately $22,122,000. Van ECK Associates Corp boosted its holdings in VTEX by 28.6% during the 4th quarter. Van ECK Associates Corp now owns 33,226 shares of the company’s stock valued at $229,000 after acquiring an additional 7,392 shares during the period. New York State Common Retirement Fund bought a new position in VTEX in the 4th quarter valued at $99,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of VTEX by 2.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,489 shares of the company’s stock worth $402,000 after purchasing an additional 1,302 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of VTEX during the fourth quarter worth $28,000. 63.69% of the stock is currently owned by institutional investors.

VTEX Stock Performance

VTEX stock opened at $7.03 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.42. The business has a fifty day moving average of $7.90 and a two-hundred day moving average of $7.48. VTEX has a twelve month low of $3.79 and a twelve month high of $9.59.

VTEX (NYSE:VTEXGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. VTEX had a negative net margin of 3.87% and a negative return on equity of 3.32%. The business had revenue of $52.60 million during the quarter, compared to the consensus estimate of $53.45 million. During the same period in the previous year, the company posted ($0.04) earnings per share. The firm’s revenue was up 24.3% on a year-over-year basis. On average, research analysts predict that VTEX will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Piper Sandler raised their price target on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised shares of VTEX from a “neutral” rating to an “overweight” rating and set a $9.00 target price on the stock in a research report on Tuesday, May 14th. UBS Group boosted their price target on VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Bank of America raised their price objective on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.79.

Check Out 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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