DA Davidson Has Positive Forecast for Vertex FY2025 Earnings

Vertex, Inc. (NASDAQ:VERX - Free Report) - Stock analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for shares of Vertex in a research note issued to investors on Thursday, May 8th. DA Davidson analyst W. Jellison now anticipates that the company will earn $0.41 per share for the year, up from their prior estimate of $0.40. DA Davidson currently has a "Buy" rating and a $50.00 target price on the stock. The consensus estimate for Vertex's current full-year earnings is $0.38 per share. DA Davidson also issued estimates for Vertex's FY2026 earnings at $0.61 EPS.

Vertex (NASDAQ:VERX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. Vertex had a return on equity of 24.92% and a net margin of 4.73%. The company had revenue of $177.06 million during the quarter, compared to analysts' expectations of $176.99 million. During the same period last year, the firm earned $0.15 EPS. The firm's revenue for the quarter was up 12.9% on a year-over-year basis.

Other analysts have also recently issued reports about the company. Stifel Nicolaus cut Vertex from a "buy" rating to a "hold" rating and reduced their price target for the company from $58.00 to $31.00 in a report on Friday, February 28th. Robert W. Baird dropped their price target on Vertex from $62.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. BNP Paribas initiated coverage on Vertex in a report on Tuesday, April 22nd. They set an "outperform" rating and a $54.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and set a $60.00 price target on shares of Vertex in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group reduced their price objective on Vertex from $64.00 to $48.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.73.

Vertex Price Performance

Shares of VERX traded up $0.52 during mid-day trading on Monday, hitting $37.93. The company's stock had a trading volume of 946,952 shares, compared to its average volume of 1,018,961. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29. The firm has a 50-day simple moving average of $36.95 and a 200 day simple moving average of $46.07. The firm has a market capitalization of $6.00 billion, a P/E ratio of 210.72, a P/E/G ratio of 6.66 and a beta of 0.78. Vertex has a 1-year low of $30.26 and a 1-year high of $60.71.

Hedge Funds Weigh In On Vertex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VERX. Invesco Ltd. boosted its stake in Vertex by 342.5% during the 4th quarter. Invesco Ltd. now owns 1,513,660 shares of the company's stock valued at $80,754,000 after purchasing an additional 1,171,576 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in Vertex during the 4th quarter valued at $61,825,000. Fiera Capital Corp acquired a new stake in shares of Vertex during the 1st quarter valued at $27,399,000. Conestoga Capital Advisors LLC lifted its position in shares of Vertex by 30.3% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,947,740 shares of the company's stock valued at $103,200,000 after acquiring an additional 686,145 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its position in shares of Vertex by 42.1% during the 1st quarter. Geneva Capital Management LLC now owns 2,043,205 shares of the company's stock valued at $71,533,000 after acquiring an additional 605,617 shares during the last quarter. 70.32% of the stock is owned by institutional investors.

Insider Transactions at Vertex

In related news, General Counsel Bryan T.R. Rowland sold 43,228 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $35.98, for a total value of $1,555,343.44. Following the completion of the transaction, the general counsel now directly owns 132 shares of the company's stock, valued at $4,749.36. This represents a 99.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 44.58% of the company's stock.

About Vertex

Vertex, Inc, together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools, role-based security, and event logging; tax data management; document management; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions; and technology specific solutions, such as chain flow accelerator and SAP-specific tools.