Vertex (VERX) Projected to Post Earnings on Wednesday

Key Points

• Vertex is expected to announce its Q2 2025 earnings on August 6th, with analysts predicting earnings of $0.14 per share and revenue of $184.60 million.
• In the previous quarter, Vertex reported earnings of $0.15, exceeding estimates, with year-over-year revenue growth of 12.9%.
• Current analyst ratings for Vertex indicate a consensus target price of $49.33, with a majority rating of "Moderate Buy".

Vertex (NASDAQ:VERX - Get Free Report) is projected to post its Q2 2025 quarterly earnings results before the market opens on Wednesday, August 6th. Analysts expect Vertex to post earnings of $0.14 per share and revenue of $184.60 million for the quarter. Vertex has set its Q2 2025 guidance at EPS and its FY 2025 guidance at EPS.

Vertex (NASDAQ:VERX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.15 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $176.99 million. During the same period last year, the business earned $0.15 earnings per share. The business's quarterly revenue was up 12.9% on a year-over-year basis. On average, analysts expect Vertex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Vertex Price Performance

NASDAQ VERX traded down $0.53 on Friday, reaching $32.64. 89,566 shares of the company's stock traded hands, compared to its average volume of 1,241,363. Vertex has a 12 month low of $30.26 and a 12 month high of $60.71. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50-day simple moving average of $36.46 and a 200 day simple moving average of $40.21. The stock has a market cap of $5.17 billion, a PE ratio of -112.46, a P/E/G ratio of 4.15 and a beta of 0.71.

Analyst Ratings Changes

A number of brokerages have commented on VERX. BNP Paribas assumed coverage on shares of Vertex in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $54.00 price target on the stock. DA Davidson upgraded shares of Vertex to a "strong-buy" rating in a report on Tuesday, July 22nd. Piper Sandler assumed coverage on shares of Vertex in a report on Monday, June 16th. They issued an "overweight" rating and a $48.00 target price on the stock. Morgan Stanley cut their target price on shares of Vertex from $60.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup raised their target price on shares of Vertex from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.33.

Insider Activity at Vertex

In other news, CEO David Destefano sold 109,415 shares of Vertex stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $37.70, for a total transaction of $4,124,945.50. Following the sale, the chief executive officer owned 1,066,587 shares of the company's stock, valued at approximately $40,210,329.90. The trade was a 9.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Westphal sold 3,000,000 shares of the firm's stock in a transaction on 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 transaction, the insider directly owned 7,895 shares of the company's stock, valued at $303,562.75. This represents a 99.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,520,170 shares of company stock worth $134,479,744. 43.25% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vertex

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in Vertex by 25.7% during the first quarter. Advisors Asset Management Inc. now owns 1,933 shares of the company's stock valued at $68,000 after buying an additional 395 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Vertex by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,935 shares of the company's stock valued at $2,869,000 after buying an additional 3,461 shares during the period. Finally, Royal Bank of Canada lifted its position in Vertex by 36.3% during the first quarter. Royal Bank of Canada now owns 180,978 shares of the company's stock valued at $6,336,000 after buying an additional 48,181 shares during the period. Hedge funds and other institutional investors own 70.32% 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.