What is DA Davidson's Forecast for Vertex Q2 Earnings?

Vertex, Inc. (NASDAQ:VERX - Free Report) - Research analysts at DA Davidson issued their Q2 2025 EPS estimates for shares of Vertex in a note issued to investors on Thursday, May 8th. DA Davidson analyst W. Jellison forecasts that the company will post earnings of $0.09 per share for the quarter. 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.

Other analysts have also recently issued reports about the stock. 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 research report on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and issued a $60.00 price objective on shares of Vertex in a report on Thursday, March 20th. Jefferies Financial Group cut their price objective on shares of Vertex from $62.00 to $48.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Stifel Nicolaus lowered shares of Vertex from a "buy" rating to a "hold" rating and cut their target price for the company from $58.00 to $31.00 in a research note on Friday, February 28th. Finally, Robert W. Baird cut their target price on shares of Vertex from $62.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Four research 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. According to MarketBeat.com, Vertex currently has a consensus rating of "Moderate Buy" and an average price target of $50.73.

Vertex Stock Up 1.2%

Vertex stock traded up $0.46 during trading on Friday, reaching $38.39. 481,978 shares of the company's stock were exchanged, compared to its average volume of 1,016,974. The company's 50-day moving average is $36.95 and its two-hundred day moving average is $46.07. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.04. Vertex has a 52-week low of $30.26 and a 52-week high of $60.71. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 213.28, a PEG ratio of 6.66 and a beta of 0.78.

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

Insider Buying and Selling

In related news, General Counsel Bryan T.R. Rowland sold 43,228 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 owns 132 shares of the company's stock, valued at approximately $4,749.36. This trade represents a 99.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 44.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vertex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Vertex by 11.4% in the 4th quarter. Blue Trust Inc. now owns 2,516 shares of the company's stock valued at $134,000 after purchasing an additional 257 shares during the last quarter. Sheets Smith Wealth Management raised its holdings in Vertex by 2.2% in the 4th quarter. Sheets Smith Wealth Management now owns 15,099 shares of the company's stock worth $806,000 after acquiring an additional 324 shares during the period. Summit Investment Advisors Inc. raised its holdings in Vertex by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,678 shares of the company's stock worth $303,000 after acquiring an additional 361 shares during the period. KBC Group NV raised its holdings in Vertex by 27.1% in the 4th quarter. KBC Group NV now owns 2,668 shares of the company's stock worth $142,000 after acquiring an additional 569 shares during the period. Finally, Ellsworth Advisors LLC raised its holdings in Vertex by 3.5% in the 4th quarter. Ellsworth Advisors LLC now owns 17,291 shares of the company's stock worth $922,000 after acquiring an additional 584 shares during the period. Institutional investors and hedge funds 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.