Vtex (NYSE:VTEX) Shares Gap Up to $18.31

Vtex (NYSE:VTEX)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $18.31, but opened at $19.02. Vtex shares last traded at $18.98, with a volume of 1,834 shares.

Several brokerages have weighed in on VTEX. JPMorgan Chase & Co. began coverage on shares of Vtex in a research note on Monday, August 16th. They set a “neutral” rating and a $35.00 price objective on the stock. Bank of America began coverage on shares of Vtex in a research note on Monday, August 16th. They set a “neutral” rating and a $33.00 price objective on the stock. Itau BBA Securities began coverage on shares of Vtex in a research note on Monday, August 16th. They set an “outperform” rating and a $35.60 price target on the stock. Morgan Stanley raised shares of Vtex from an “equal weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Friday, September 24th. Finally, KeyCorp began coverage on shares of Vtex in a research note on Monday, August 16th. They set an “overweight” rating and a $35.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $32.27.

The stock’s 50 day moving average is $23.78.

Vtex (NYSE:VTEX) last announced its quarterly earnings data on Tuesday, August 17th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $30.87 million for the quarter, compared to analysts’ expectations of $30.72 million. Equities analysts expect that Vtex will post -0.29 EPS for the current fiscal year.

About Vtex (NYSE:VTEX)

VTEX provides a software-as-a-service digital commerce platform for enterprise brands and retailers. The company’s platform enables customers to execute 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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