Vertex (NASDAQ:VERX) Stock Rating Upgraded by DA Davidson

DA Davidson upgraded shares of Vertex (NASDAQ:VERX - Free Report) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports. DA Davidson also issued estimates for Vertex's Q2 2025 earnings at $0.10 EPS, FY2025 earnings at $0.38 EPS and FY2026 earnings at $0.60 EPS.

Other research analysts have also recently issued research reports about the stock. Piper Sandler initiated coverage on shares of Vertex in a research note on Monday, June 16th. They set an "overweight" rating and a $48.00 target price on the stock. BNP Paribas initiated coverage on shares of Vertex in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $54.00 price target on the stock. Citigroup boosted their price target on shares of Vertex from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley decreased their price target on shares of Vertex from $60.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $49.33.

Vertex Stock Down 1.6%

Shares of VERX stock traded down $0.57 during trading hours on Tuesday, hitting $34.21. 865,974 shares of the company's stock traded hands, compared to its average volume of 1,182,667. The stock's fifty day simple moving average is $36.86 and its two-hundred day simple moving average is $40.73. Vertex has a 12-month low of $30.26 and a 12-month high of $60.71. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of -117.96, a PEG ratio of 4.26 and a beta of 0.71. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.67.

Vertex (NASDAQ:VERX - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. Vertex had a negative net margin of 6.45% and a positive return on equity of 28.14%. The business had revenue of $177.06 million during the quarter, compared to the consensus estimate of $176.99 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm's revenue was up 12.9% on a year-over-year basis. On average, analysts expect that Vertex will post 0.38 EPS for the current year.

Insider Activity at Vertex

In other Vertex news, insider Jeffrey Westphal sold 3,000,000 shares of the business's 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 sale, the insider directly owned 7,895 shares of the company's stock, valued at $303,562.75. The trade was a 99.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Ryan J. Leib sold 5,755 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were 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 sold 3,520,170 shares of company stock valued at $134,479,744 in the last quarter. Corporate insiders own 43.25% of the company's stock.

Institutional Investors Weigh In On Vertex

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp grew its position in shares of Vertex by 31.0% in the second quarter. Fifth Third Bancorp now owns 1,467 shares of the company's stock valued at $52,000 after purchasing an additional 347 shares during the period. Summit Investment Advisors Inc. boosted its stake in Vertex by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,678 shares of the company's stock worth $303,000 after purchasing an additional 361 shares during the period. Advisors Asset Management Inc. raised its position in Vertex by 25.7% during the 1st quarter. Advisors Asset Management Inc. now owns 1,933 shares of the company's stock worth $68,000 after buying an additional 395 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Vertex by 44.4% during the 2nd quarter. Blue Trust Inc. now owns 1,664 shares of the company's stock worth $59,000 after purchasing an additional 512 shares during the period. Finally, Strategic Advocates LLC grew its stake in Vertex by 9.6% in the 2nd quarter. Strategic Advocates LLC now owns 6,464 shares of the company's stock valued at $228,000 after acquiring an additional 565 shares during the last quarter. Hedge funds and other institutional investors own 70.32% of the company's stock.

Vertex Company Profile

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.