Vertex Stock Price, News & Analysis (NASDAQ:VERX) $29.50 +1.05 (+3.69%) (As of 12/5/2023 ET) Add Compare Share Share Today's Range$28.21▼$29.8850-Day Range$22.03▼$29.5052-Week Range$11.92▼$29.88Volume790,086 shsAverage Volume366,268 shsMarket Capitalization$4.51 billionP/E RatioN/ADividend YieldN/APrice Target$27.11 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Vertex MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside8.1% Downside$27.11 Price TargetShort InterestHealthy0.62% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.10Based on 8 Articles This WeekInsider TradingSelling Shares$102.36 M Sold Last QuarterProj. Earnings Growth50.00%From $0.22 to $0.33 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.09 out of 5 starsComputer And Technology Sector309th out of 592 stocksSoftware - Application Industry13th out of 24 stocks 2.3 Analyst's Opinion Consensus RatingVertex has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $27.11, Vertex has a forecasted downside of 8.1% from its current price of $29.50.Amount of Analyst CoverageVertex has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.62% of the outstanding shares of Vertex have been sold short.Short Interest Ratio / Days to CoverVertex has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Vertex has recently increased by 5.64%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldVertex does not currently pay a dividend.Dividend GrowthVertex does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for VERX. Previous Next 2.8 News and Social Media Coverage News SentimentVertex has a news sentiment score of 0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Vertex this week, compared to 2 articles on an average week.Search Interest2 people have searched for VERX on MarketBeat in the last 30 days. MarketBeat Follows3 people have added Vertex to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Vertex insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $102,364,881.00 in company stock.Percentage Held by Insiders45.00% of the stock of Vertex is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 28.31% of the stock of Vertex is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Vertex are expected to grow by 50.00% in the coming year, from $0.22 to $0.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Vertex is -128.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Vertex is -128.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioVertex has a PEG Ratio of 10.42. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioVertex has a P/B Ratio of 19.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Vertex Stock (NASDAQ:VERX)Vertex, Inc. provides tax technology solutions for retail, communication, leasing, retail trade, wholesale trade, technology, and manufacturing industries in the United States and internationally. It offers tax determination, compliance and reporting, tax data management, document management, analytics and insights, pre-built integration, and industry-specific solutions. The company sells its software products through software license and software as a service subscriptions. It also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing, and other tax-related services. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.Read More VERX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart VERX Stock News HeadlinesDecember 5, 2023 | americanbankingnews.comVertex, Inc. (NASDAQ:VERX) Insider Item Second Irr. Trust Fbo Ann Sells 18,900 Shares of StockDecember 3, 2023 | americanbankingnews.comInsider Selling: Vertex, Inc. (NASDAQ:VERX) Insider Sells 67,000 Shares of StockDecember 6, 2023 | Edge On The Street (Ad)Energy Storage Trend Ignites Frenzy Over Vanadium SupplyAs the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.December 3, 2023 | americanbankingnews.comItem Second Irr. Trust Fbo Jac Sells 79,200 Shares of Vertex, Inc. (NASDAQ:VERX) StockNovember 28, 2023 | finance.yahoo.comHere's Why Vertex (VERX) is a Great Momentum Stock to BuyNovember 28, 2023 | finance.yahoo.comCan Vertex (VERX) Run Higher on Rising Earnings Estimates?November 27, 2023 | msn.comVertex Inc (VERX) Price Target Increased by 20.00% to 29.49November 26, 2023 | americanbankingnews.comVertex (NASDAQ:VERX) Hits New 1-Year High at $28.30December 6, 2023 | Edge On The Street (Ad)Energy Storage Trend Ignites Frenzy Over Vanadium SupplyAs the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.November 23, 2023 | finance.yahoo.comInsider Sell Alert: Director Eric Andersen Sells 10,000 Shares of Vertex Inc (VERX)November 15, 2023 | finance.yahoo.comVertex (VERX) Rose on Strong ExecutionNovember 14, 2023 | finance.yahoo.comResearch Reveals Tax Professionals' Concerns Surrounding Risk ToleranceNovember 11, 2023 | markets.businessinsider.comAnalysts Offer Insights on Healthcare Companies: Gilead Sciences (GILD) and Vertex (VERX)November 11, 2023 | markets.businessinsider.comHold Rating on Vertex: Balancing Growth Prospects and Market ChallengesNovember 10, 2023 | markets.businessinsider.comVertex Risk/Reward Path In Focus: 'Magnitude Of Stock Move Was Greater Than Expected'November 10, 2023 | finance.yahoo.comVertex, Inc. (NASDAQ:VERX) Q3 2023 Earnings Call TranscriptNovember 10, 2023 | markets.businessinsider.comAnalysts Are Bullish on Top Healthcare Stocks: Xenon (XENE), Vertex (VERX)November 9, 2023 | finanznachrichten.deVertex Inc.: Vertex Announces Third Quarter 2023 Financial ResultsNovember 9, 2023 | finance.yahoo.comVertex Inc (VERX) Reports Strong Q3 2023 Results with Increased GuidanceNovember 9, 2023 | seekingalpha.comVertex, Inc. 2023 Q3 - Results - Earnings Call PresentationNovember 9, 2023 | finance.yahoo.comVertex Announces Third Quarter 2023 Financial ResultsNovember 5, 2023 | morningstar.comVertex Inc Class A VERXOctober 23, 2023 | finance.yahoo.comVertex Announces Strategic Partnership with PageroOctober 19, 2023 | finance.yahoo.comShould You Invest in Vertex (VERX)?October 16, 2023 | seekingalpha.comVertex Grows Enterprise Client Base As Margins Improve (Rating Upgrade)October 16, 2023 | finance.yahoo.comVertex to Announce Third Quarter 2023 Financial Results on Thursday, November 9, 2023October 6, 2023 | finance.yahoo.comVertex Inc's Meteoric Rise: Unpacking the 28% Surge in Just 3 MonthsSee More Headlines Receive VERX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Vertex and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/09/2023Today12/05/2023Fiscal Year End12/31/2023Next Earnings (Estimated)3/13/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:VERX CUSIPN/A CIK1806837 Webwww.vertexinc.com Phone800-355-3500FaxN/AEmployees1,400Year FoundedN/APrice Target and Rating Average Stock Price Target$27.11 High Stock Price Target$35.00 Low Stock Price Target$20.00 Potential Upside/Downside-8.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($0.23) Trailing P/E RatioN/A Forward P/E Ratio134.14 P/E Growth10.42Net Income$-12,300,000.00 Net Margins-6.15% Pretax Margin-3.56% Return on Equity13.30% Return on Assets4.14% Debt Debt-to-Equity Ratio0.20 Current Ratio0.55 Quick Ratio0.55 Sales & Book Value Annual Sales$548.60 million Price / Sales8.23 Cash Flow$0.66 per share Price / Cash Flow44.84 Book Value$1.53 per share Price / Book19.29Miscellaneous Outstanding Shares152,986,000Free Float84,142,000Market Cap$4.51 billion OptionableNot Optionable Beta0.53 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. David DeStefano (Age 60)CEO, President & Chairman of the Board Comp: $1.25MMs. Amanda Westphal Radcliffe (Age 54)Co-Owner & Director Comp: $48kMs. Stefanie Westphal-Lucas Thompson (Age 60)Co-Owner & Director Comp: $42kMr. John R. Schwab (Age 55)Chief Financial Officer Comp: $837.45kMr. Bryan T. R. Rowland (Age 43)VP, General Counsel & Secretary Comp: $501.35kMr. Ray WestphalFounderMr. Steven HinckleyChief Operating OfficerMs. Lisa Butler (Age 57)Chief Accounting Officer Comp: $655.42kMr. Salvatore Visca (Age 57)Chief Technology Officer Mr. Ben AskinChief Information OfficerMore ExecutivesKey CompetitorsAsanaNYSE:ASANTeradataNYSE:TDCBlackbaudNASDAQ:BLKBTenableNASDAQ:TENBEngageSmartNYSE:ESMTView All CompetitorsInsiders & InstitutionsItem Second Irr. Trust Fbo AnnSold 18,900 sharesTotal: $525,798.00 ($27.82/share)Item Second Irr. Trust Fbo JacSold 79,200 sharesTotal: $2.20 M ($27.77/share)Item Second Irr. Trust Fbo JacSold 67,000 sharesTotal: $1.94 M ($28.89/share)Deutsche Bank AGBought 4,365 shares on 11/24/2023Ownership: 0.003%Comerica BankBought 206,172 shares on 11/21/2023Ownership: 0.136%View All Insider TransactionsView All Institutional Transactions VERX Stock Analysis - Frequently Asked Questions Should I buy or sell Vertex stock right now? 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Vertex in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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 brokerages have issued 12 month price targets for Vertex's stock. Their VERX share price targets range from $20.00 to $35.00. On average, they anticipate the company's share price to reach $27.11 in the next twelve months. This suggests that the stock has a possible downside of 8.1%. View analysts price targets for VERX or view top-rated stocks among Wall Street analysts. How have VERX shares performed in 2023? Vertex's stock was trading at $14.51 at the beginning of 2023. Since then, VERX stock has increased by 103.3% and is now trading at $29.50. View the best growth stocks for 2023 here. When is Vertex's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024. View our VERX earnings forecast. How were Vertex's earnings last quarter? Vertex, Inc. (NASDAQ:VERX) issued its earnings results on Thursday, November, 9th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $145.03 million for the quarter, compared to analysts' expectations of $142.05 million. Vertex had a positive trailing twelve-month return on equity of 13.30% and a negative net margin of 6.15%. What ETFs hold Vertex's stock? ETFs with the largest weight of Vertex (NASDAQ:VERX) stock in their portfolio include Alger Weatherbie Enduring Growth ETF (AWEG) and Invesco Dynamic Software ETF (PSJ).Global X FinTech Thematic ETF (FINX). 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? (VERX) raised $318 million in an initial public offering (IPO) on Wednesday, July 29th 2020. The company issued 21,200,000 shares at a price of $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 variety of retail and institutional investors. Top institutional shareholders include Fred Alger Management LLC (3.06%), Bryn Mawr Capital Management LLC (1.71%), Conestoga Capital Advisors LLC (1.56%), JPMorgan Chase & Co. (1.54%), TimesSquare Capital Management LLC (0.95%) and William Blair Investment Management LLC (0.94%). Insiders that own company stock include 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, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NASDAQ:VERX) was last updated on 12/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Vertex, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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