Vtex (NYSE:VTEX) Stock Price Down 5.5%

Vtex (NYSE:VTEX) shares fell 5.5% during mid-day trading on Wednesday . The stock traded as low as $22.50 and last traded at $22.50. 1,330 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 440,050 shares. The stock had previously closed at $23.82.

Several research firms have issued reports on VTEX. JPMorgan Chase & Co. began coverage on Vtex in a research note on Monday, August 16th. They issued a “neutral” rating and a $35.00 target price on the stock. Morgan Stanley began coverage on Vtex in a report on Monday, August 16th. They issued an “equal weight” rating and a $30.00 price target for the company. Bank of America began coverage on Vtex in a report on Monday, August 16th. They issued a “neutral” rating and a $33.00 price target for the company. The Goldman Sachs Group began coverage on Vtex in a report on Monday, August 16th. They issued a “neutral” rating and a $25.00 price target for the company. Finally, Itau BBA Securities initiated coverage on Vtex in a report on Monday, August 16th. They issued an “outperform” rating and a $35.60 price target for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.27.

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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