FNY Investment Advisers LLC Makes New $408,000 Investment in VTEX (NYSE:VTEX)

FNY Investment Advisers LLC purchased a new position in VTEX (NYSE:VTEX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 69,432 shares of the company’s stock, valued at approximately $408,000.

Several other institutional investors have also made changes to their positions in the stock. Quarry LP increased its position in 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 during the last quarter. Barclays PLC acquired a new stake in VTEX in the third quarter valued at approximately $35,000. MQS Management LLC bought a new stake in VTEX in the third quarter worth approximately $91,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of VTEX during the 3rd quarter worth $134,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of VTEX in the 3rd quarter valued at $165,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Trading Down 1.2 %

Shares of NYSE:VTEX opened at $5.82 on Tuesday. The business’s 50 day moving average is $6.20 and its 200-day moving average is $6.70. The firm has a market capitalization of $1.07 billion, a PE ratio of 97.02 and a beta of 1.33. VTEX has a 1-year low of $5.60 and a 1-year high of $9.59.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The company had revenue of $56.00 million during the quarter, compared to analysts’ expectations of $57.20 million. During the same quarter in the prior year, the company posted ($0.01) EPS. The business’s revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts predict that VTEX will post 0.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup started coverage on VTEX in a report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, UBS Group decreased their price target on shares of VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a report 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.74.

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.