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

Shares of Vtex (NYSE:VTEX) 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.

VTEX has been the subject of several research analyst reports. Morgan Stanley raised shares of Vtex from an “equal weight” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Friday, September 24th. The Goldman Sachs Group initiated coverage on shares of Vtex in a research note on Monday, August 16th. They issued a “neutral” rating and a $25.00 price objective for the company. Bank of America initiated coverage on shares of Vtex in a research note on Monday, August 16th. They issued a “neutral” rating and a $33.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Vtex in a research note on Monday, August 16th. They issued a “neutral” rating and a $35.00 price objective for the company. Finally, Itau BBA Securities initiated coverage on shares of Vtex in a research note on Monday, August 16th. They issued an “outperform” rating and a $35.60 price objective for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vtex currently has a consensus rating of “Buy” and an average price target of $32.27.

The company’s 50-day moving average is $23.78.

Vtex (NYSE:VTEX) last released its quarterly earnings data on Tuesday, August 17th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The company had revenue of $30.87 million for the quarter, compared to analyst estimates of $30.72 million. As a group, equities research analysts predict that Vtex will post -0.29 earnings per share for the current fiscal year.

Vtex Company Profile (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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