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NASDAQ:VERX

Vertex (VERX) Stock Price, News & Analysis

$33.29
+0.60 (+1.84%)
(As of 05/22/2024 ET)
Today's Range
$32.79
$33.49
50-Day Range
$27.94
$33.29
52-Week Range
$17.59
$35.38
Volume
478,510 shs
Average Volume
1.02 million shs
Market Capitalization
$5.16 billion
P/E Ratio
832.25
Dividend Yield
N/A
Price Target
$35.67

Vertex MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
7.1% Upside
$35.67 Price Target
Short Interest
Bearish
1.87% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$35.03 M Sold Last Quarter
Proj. Earnings Growth
68.42%
From $0.19 to $0.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.20 out of 5 stars

Computer And Technology Sector

387th out of 589 stocks

Prepackaged Software Industry

130th out of 194 stocks

VERX stock logo

About Vertex Stock (NASDAQ:VERX)

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. It provides implementation services, such as configuration, data migration and implementation, and support and training; and managed services, including tax return preparation, filing and tax payment, and notice management. The company sells its software products through software licenses and software as a service subscription. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.

VERX Stock Price History

VERX Stock News Headlines

Vertex, Inc. (NASDAQ:VERX) Short Interest Up 116.4% in April
Vertex Inc Class A
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
5/23/2024
Next Earnings (Estimated)
8/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:VERX
Fax
N/A
Employees
1,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$35.67
High Stock Price Target
$45.00
Low Stock Price Target
$29.00
Potential Upside/Downside
+7.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$-13,090,000.00
Pretax Margin
-2.51%

Debt

Sales & Book Value

Annual Sales
$572.39 million
Cash Flow
$0.74 per share
Book Value
$1.61 per share

Miscellaneous

Free Float
85,313,000
Market Cap
$5.16 billion
Optionable
Optionable
Beta
0.65
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VERX Stock Analysis - Frequently Asked Questions

Should I buy or sell Vertex stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vertex in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" VERX shares.
View VERX analyst ratings
or view top-rated stocks.

What is Vertex's stock price target for 2024?

10 equities research analysts have issued 1 year price targets for Vertex's stock. Their VERX share price targets range from $29.00 to $45.00. On average, they expect the company's stock price to reach $35.67 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
View analysts price targets for VERX
or view top-rated stocks among Wall Street analysts.

How have VERX shares performed in 2024?

Vertex's stock was trading at $26.94 at the beginning of 2024. Since then, VERX shares have increased by 23.6% and is now trading at $33.29.
View the best growth stocks for 2024 here
.

When is Vertex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024.
View our VERX earnings forecast
.

How were Vertex's earnings last quarter?

Vertex, Inc. (NASDAQ:VERX) issued its earnings results on Thursday, February, 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. The firm earned $154.91 million during the quarter, compared to analysts' expectations of $146.44 million. Vertex had a trailing twelve-month return on equity of 18.67% and a net margin of 1.29%.

What guidance has Vertex issued on next quarter's earnings?

Vertex updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $159.0 million-$162.0 million, compared to the consensus revenue estimate of $160.4 million.

What other stocks do shareholders of Vertex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Vertex investors own include Adobe (ADBE), BigCommerce (BIGC), Carnival Co. & (CCL), Coupa Software (COUP), Delta Air Lines (DAL), GW Pharmaceuticals (GWPH), Intel (INTC), Micron Technology (MU), nCino (NCNO) and Applied Genetic Technologies (AGTC).

When did Vertex IPO?

Vertex (VERX) raised $318 million in an initial public offering (IPO) on Wednesday, July 29th 2020. The company issued 21,200,000 shares at $14.00-$16.00 per share. Goldman Sachs and Morgan Stanley served as the underwriters for the IPO and BofA Securities, Citigroup, Jefferies, JMP Securities, Stifel, William Blair and CastleOak Securities were co-managers.

Who are Vertex's major shareholders?

Vertex's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.75%), Conestoga Capital Advisors LLC (1.82%), TimesSquare Capital Management LLC (0.90%), Pembroke Management LTD (0.60%), Janus Henderson Group PLC (0.55%) and William Blair Investment Management LLC (0.47%). Insiders that own company stock include 2020 Irrevocable Trust For Ben, Bryan TR Rowland, David Destefano, Eric C Andersen, Item Second Irr Trust Fbo Ann, Item Second Irr Trust Fbo Jac, Item Second Irr Trust Fbo Kyl, Jeffery Westphal, Jeffrey Westphal, John R Schwab, John Richard Stamm, Kevin L Robert, Lisa Butler and Tensile Capital Management Lp.
View institutional ownership trends
.

How do I buy shares of Vertex?

Shares of VERX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:VERX) was last updated on 5/23/2024 by MarketBeat.com Staff

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