Q2 Earnings Estimate for Vertex Issued By DA Davidson

Vertex, Inc. (NASDAQ:VERX - Free Report) - Analysts at DA Davidson issued their Q2 2025 EPS estimates for Vertex in a report released on Tuesday, July 22nd. DA Davidson analyst G. Luria expects that the company will post earnings of $0.10 per share for the quarter. DA Davidson has a "Strong-Buy" rating 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 FY2025 earnings at $0.38 EPS and FY2026 earnings at $0.60 EPS.

Vertex (NASDAQ:VERX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. The firm had revenue of $177.06 million during the quarter, compared to analysts' expectations of $176.99 million. Vertex had a negative net margin of 6.45% and a positive return on equity of 28.14%. Vertex's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share.

A number of other research firms have also recently issued reports on VERX. Piper Sandler initiated coverage on shares of Vertex in a report on Monday, June 16th. They set an "overweight" rating and a $48.00 price target for the company. BNP Paribas initiated coverage on shares of Vertex in a report on Tuesday, April 22nd. They set an "outperform" rating and a $54.00 price target for the company. Morgan Stanley decreased their price target on shares of Vertex from $60.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup upped their price target on shares of Vertex from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.33.

Vertex Stock Down 1.6%

NASDAQ:VERX traded down $0.57 during trading hours on Thursday, reaching $34.21. The company's stock had a trading volume of 865,974 shares, compared to its average volume of 1,182,667. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 96.61, a price-to-earnings-growth ratio of 4.26 and a beta of 0.71. Vertex has a one year low of $30.26 and a one year high of $60.71. The business's 50-day moving average is $36.94 and its 200-day moving average is $40.85. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.98 and a quick ratio of 0.98.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new stake in shares of Vertex during the first quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Vertex during the fourth quarter worth approximately $40,000. Fifth Third Bancorp increased its holdings in shares of Vertex by 31.0% during the second quarter. Fifth Third Bancorp now owns 1,467 shares of the company's stock worth $52,000 after buying an additional 347 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Vertex by 44.4% during the second quarter. Blue Trust Inc. now owns 1,664 shares of the company's stock worth $59,000 after buying an additional 512 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Vertex by 25.7% during the first quarter. Advisors Asset Management Inc. now owns 1,933 shares of the company's stock worth $68,000 after buying an additional 395 shares in the last quarter. Institutional investors and hedge funds own 70.32% of the company's stock.

Insider Activity at Vertex

In related news, insider Jeffrey Westphal sold 3,000,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $38.45, for a total value of $115,350,000.00. Following the completion of the transaction, the insider owned 7,895 shares of the company's stock, valued at $303,562.75. This represents a 99.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Ryan J. Leib sold 5,755 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $38.00, for a total transaction of $218,690.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,520,170 shares of company stock worth $134,479,744 in the last three months. Corporate insiders own 43.25% 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.