Point72 Asset Management L.P. Takes Position in VTEX (NYSE:VTEX)

Point72 Asset Management L.P. acquired a new stake in shares of VTEX (NYSE:VTEX) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 26,355 shares of the company’s stock, valued at approximately $196,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of VTEX during the second quarter valued at about $40,000. MQS Management LLC bought a new position in VTEX in the 3rd quarter valued at approximately $91,000. Dynamic Technology Lab Private Ltd acquired a new stake in VTEX during the 3rd quarter worth approximately $134,000. Employees Retirement System of Texas grew its holdings in VTEX by 16.3% during 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. Finally, Constellation Investimentos e Participacoes Ltda acquired a new position in VTEX in the 2nd quarter valued at approximately $296,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Stock Performance

VTEX stock opened at $6.41 on Friday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 106.85 and a beta of 1.34. VTEX has a 52-week low of $5.72 and a 52-week high of $9.59. The firm has a 50 day moving average price of $6.66 and a two-hundred day moving average price of $6.83.

VTEX (NYSE:VTEX) last announced its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $56.00 million during the quarter, compared to the consensus estimate of $57.20 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. VTEX’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) earnings per share. As a group, equities research analysts predict that VTEX will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup began coverage on shares of VTEX in a report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.78.

VTEX 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.