What is DA Davidson's Estimate for Vertex Q3 Earnings?

Key Points

• DA Davidson has projected Vertex, Inc. to earn $0.11 per share in Q3 2025, with a "Strong-Buy" rating on the stock.
• Vertex reported Q2 earnings of $0.15 per share, surpassing the consensus estimate of $0.14, with a revenue of $184.56 million, up 14.6% from the previous year.
• Analysts have given Vertex an average rating of "Moderate Buy" with a projected target price of $44.50, despite recent adjustments from several firms.

Vertex, Inc. (NASDAQ:VERX - Free Report) - Stock analysts at DA Davidson issued their Q3 2025 earnings estimates for shares of Vertex in a research report issued on Thursday, August 7th. DA Davidson analyst G. Luria anticipates that the company will earn $0.11 per share for the quarter. DA Davidson currently has a "Hold" 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 $0.36 EPS and FY2026 earnings at $0.55 EPS.

A number of other analysts have also issued reports on VERX. Piper Sandler began coverage on shares of Vertex in a research note on Monday, June 16th. They set an "overweight" rating and a $48.00 target price for the company. BMO Capital Markets reaffirmed a "market perform" rating on shares of Vertex in a research note on Thursday. JMP Securities reaffirmed a "market outperform" rating and issued a $50.00 price objective (down from $61.00) on shares of Vertex in a research note on Thursday, August 7th. Citigroup reaffirmed an "outperform" rating on shares of Vertex in a research note on Thursday, August 7th. Finally, Bank of America decreased their price target on shares of Vertex from $42.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.69.

Vertex Trading Up 1.1%

NASDAQ:VERX traded up $0.27 during mid-day trading on Friday, hitting $25.26. 1,359,970 shares of the stock traded hands, compared to its average volume of 1,333,208. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -76.56, a PEG ratio of 3.17 and a beta of 0.70. Vertex has a 52 week low of $24.45 and a 52 week high of $60.71. The firm's 50 day moving average is $35.05 and its two-hundred day moving average is $38.66. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.36.

Vertex (NASDAQ:VERX - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $184.56 million during the quarter, compared to analyst estimates of $184.60 million. Vertex had a negative net margin of 7.09% and a positive return on equity of 27.16%. The firm's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VERX. Rhumbline Advisers raised its holdings in shares of Vertex by 15.8% during the 2nd quarter. Rhumbline Advisers now owns 97,489 shares of the company's stock worth $3,445,000 after acquiring an additional 13,337 shares during the period. Legal & General Group Plc raised its holdings in shares of Vertex by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 79,575 shares of the company's stock worth $2,812,000 after acquiring an additional 5,515 shares during the period. Swiss National Bank raised its holdings in shares of Vertex by 0.9% during the 2nd quarter. Swiss National Bank now owns 130,400 shares of the company's stock worth $4,608,000 after acquiring an additional 1,100 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of Vertex during the 2nd quarter worth $26,681,000. Finally, Summitry LLC purchased a new position in shares of Vertex during the 2nd quarter worth $297,000. Hedge funds and other institutional investors own 70.32% of the company's stock.

Insider Buying and Selling

In other Vertex news, insider Item Second Irr. Trust Fbo Ann sold 157,874 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $35.93, for a total value of $5,672,412.82. Following the transaction, the insider owned 196,841 shares in the company, valued at approximately $7,072,497.13. This trade represents a 44.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 completion of the transaction, the insider owned 7,895 shares in the company, valued at $303,562.75. The trade was a 99.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,405,000 shares of company stock worth $130,136,108 in the last quarter. 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.