Vertex (NASDAQ:VERX) Trading 4.8% Higher - What's Next?

Key Points

• Vertex shares rose 4.8% to $13.07 in Tuesday trading, although volume was 98% below the average session level.
• Analyst sentiment remains mixed: seven analysts rate the stock Buy, seven Hold and one Sell. The consensus rating is Hold, with an average price target of $17.43.
• Vertex exceeded quarterly expectations, reporting $0.20 in EPS versus $0.19 expected and $203.97 million in revenue versus $202.21 million expected; revenue increased 10.5% year over year.

Vertex, Inc. (NASDAQ:VERX - Get Free Report) was up 4.8% on Tuesday . The company traded as high as $12.95 and last traded at $13.0680. 42,174 shares were traded during trading, a decline of 98% from the average session volume of 1,954,262 shares. The stock had previously closed at $12.47.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VERX shares. Needham & Company LLC restated a "buy" rating on shares of Vertex in a research note on Monday, June 8th. Jefferies Financial Group set a $14.00 price target on Vertex in a report on Saturday, May 9th. DA Davidson lowered their price objective on Vertex from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Vertex from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Piper Sandler lifted their target price on shares of Vertex from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $17.43.

Vertex Stock Up 5.2%

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.40. The business has a 50-day simple moving average of $12.23 and a 200-day simple moving average of $12.97. The company has a market cap of $2.13 billion, a PE ratio of 656.53 and a beta of 0.83.

Vertex (NASDAQ:VERX - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $203.97 million during the quarter, compared to analysts' expectations of $202.21 million. Vertex had a return on equity of 29.00% and a net margin of 0.45%.The business's revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. Equities research analysts anticipate that Vertex, Inc. will post 0.54 EPS for the current year.

Institutional Investors Weigh In On Vertex

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in Vertex during the fourth quarter valued at $32,000. Empowered Funds LLC acquired a new position in shares of Vertex during the 4th quarter worth about $45,000. Raymond James Financial Inc. purchased a new position in Vertex in the 2nd quarter valued at about $54,000. Advisors Asset Management Inc. lifted its stake in Vertex by 36.9% in the 4th quarter. Advisors Asset Management Inc. now owns 3,320 shares of the company's stock valued at $66,000 after buying an additional 895 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Vertex by 49.1% in the 4th quarter. Assetmark Inc. now owns 4,180 shares of the company's stock valued at $83,000 after buying an additional 1,376 shares in the last quarter. Hedge funds and other institutional investors own 70.32% of the company's stock.

About Vertex

Vertex Energy, Inc NASDAQ: VERX is a specialty refiner and marketer of transportation fuels and petrochemical feedstocks in the United States. The company collects and processes a variety of waste petroleum products, including used motor oil and industrial lubricants, which it converts into ultra-low-sulfur diesel, asphalt, and other refined products. By leveraging proprietary re-refining technologies and strategic feedstock sourcing, Vertex Energy aims to deliver cost-effective, lower-carbon fuel solutions to wholesale and retail customers across the country.

Headquartered in Houston, Texas, Vertex operates a network of refining and blending facilities in key regions, including the Central, Northeast and Mid-Atlantic markets.

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