VTEX (VTEX) to Release Quarterly Earnings on Thursday

VTEX (NYSE:VTEXGet Rating) is scheduled to be announcing its earnings results after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. VTEX has set its FY 2022 guidance at EPS and its Q2 2022 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

VTEX (NYSE:VTEXGet Rating) last issued its quarterly earnings data on Thursday, May 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The company had revenue of $34.67 million for the quarter, compared to analyst estimates of $33.43 million. VTEX had a negative return on equity of 26.02% and a negative net margin of 49.92%. On average, analysts expect VTEX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VTEX Trading Up 7.9 %

Shares of VTEX stock opened at $4.09 on Thursday. The firm has a 50 day moving average price of $3.65 and a two-hundred day moving average price of $5.48. The company has a quick ratio of 5.48, a current ratio of 5.48 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $765.89 million and a PE ratio of -11.05. VTEX has a 12-month low of $2.66 and a 12-month high of $33.36.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group upgraded shares of VTEX from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $10.00 to $8.00 in a research report on Friday, April 29th. The Goldman Sachs Group dropped their price target on shares of VTEX from $12.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, July 5th. Finally, Piper Sandler dropped their price target on shares of VTEX from $9.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, July 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, VTEX currently has a consensus rating of “Moderate Buy” and an average price target of $20.45.

Hedge Funds Weigh In On VTEX

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of VTEX during the first quarter valued at about $513,000. Capital Research Global Investors raised its holdings in shares of VTEX by 19.3% during the first quarter. Capital Research Global Investors now owns 4,129,649 shares of the company’s stock valued at $25,397,000 after purchasing an additional 667,849 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of VTEX during the first quarter valued at about $59,000. Quantbot Technologies LP raised its holdings in shares of VTEX by 2,314.4% during the first quarter. Quantbot Technologies LP now owns 61,349 shares of the company’s stock valued at $377,000 after purchasing an additional 58,808 shares during the period. Finally, State Street Corp increased its position in shares of VTEX by 2.0% during the first quarter. State Street Corp now owns 173,892 shares of the company’s stock worth $1,069,000 after acquiring an additional 3,452 shares in the last quarter. Institutional investors and hedge funds own 48.60% of the company’s stock.

VTEX Company Profile

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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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