VTEX (NYSE:VTEX) is Constellation Investimentos e Participacoes Ltda’s 10th Largest Position

Constellation Investimentos e Participacoes Ltda lowered its stake in shares of VTEX (NYSE:VTEX) by 4.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 37,637 shares of the company’s stock after selling 1,761 shares during the quarter. VTEX makes up about 0.2% of Constellation Investimentos e Participacoes Ltda’s investment portfolio, making the stock its 10th biggest position. Constellation Investimentos e Participacoes Ltda’s holdings in VTEX were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Quarry LP boosted its position in shares of VTEX by 105.7% in the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock worth $27,000 after purchasing an additional 1,869 shares in the last quarter. Employees Retirement System of Texas raised its stake in VTEX by 16.3% in the 2nd quarter. Employees Retirement System of Texas now owns 26,212 shares of the company’s stock worth $190,000 after acquiring an additional 3,668 shares during the last quarter. Barclays PLC acquired a new stake in VTEX during the 3rd quarter worth about $35,000. MQS Management LLC acquired a new position in shares of VTEX in the third quarter valued at about $91,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of VTEX during the third quarter worth about $134,000. 63.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on VTEX shares. JPMorgan Chase & Co. decreased their price objective on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Citigroup began coverage on VTEX in a research note on Thursday, December 5th. They issued a “neutral” rating and a $6.70 target price on the stock. Finally, UBS Group dropped their price objective on shares of VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.74.

VTEX Trading Up 0.3 %

Shares of VTEX stock opened at $6.01 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of 100.10 and a beta of 1.33. VTEX has a 12-month low of $5.60 and a 12-month high of $9.59. The business’s 50 day moving average is $6.14 and its two-hundred day moving average is $6.67.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $56.00 million for the quarter, compared to analysts’ expectations of $57.20 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) EPS. On average, research analysts predict that VTEX will post 0.08 earnings per share for the current fiscal year.

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.