VTEX (NYSE:VTEX) Reaches New 1-Year Low – Should You Sell?

VTEX (NYSE:VTEX)’s share price hit a new 52-week low 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.

Wall Street Analyst Weigh In

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

VTEX Stock Down 6.7 %

The business has a 50-day simple moving average of $6.09 and a 200-day simple moving average of $6.54. The company has a market cap of $824.44 million, a PE ratio of 74.68 and a beta of 1.36.

Institutional Investors Weigh In On VTEX

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP grew its position in 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 acquiring an additional 1,869 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of VTEX by 15.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company’s stock valued at $157,000 after purchasing an additional 3,644 shares during the period. Barclays PLC purchased a new position in shares of VTEX in the third quarter valued at approximately $35,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of VTEX in the fourth quarter valued at approximately $33,000. Finally, Point72 Asset Management L.P. increased its stake in VTEX by 22.2% during the 4th quarter. Point72 Asset Management L.P. now owns 32,200 shares of the company’s stock worth $190,000 after buying an additional 5,845 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About VTEX

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.