Vertex (VERX) Stock Forecast, Price & News

9 Wall Street 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 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" VERX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VERX, but not buy additional shares or sell existing shares.
View VERX analyst ratings or view top-rated stocks.

9 Wall Street analysts have issued 1-year target prices for Vertex's stock. Their VERX share price forecasts range from $20.00 to $28.00. On average, they anticipate the company's stock price to reach $23.22 in the next year. This suggests a possible upside of 0.5% from the stock's current price.
View analysts price targets for VERX or view top-rated stocks among Wall Street analysts.

Vertex's stock was trading at $14.51 on January 1st, 2023. Since then, VERX shares have increased by 59.2% and is now trading at $23.10.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our VERX earnings forecast.

Vertex, Inc. (NASDAQ:VERX) issued its quarterly earnings data on Wednesday, August, 9th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $139.70 million for the quarter, compared to the consensus estimate of $135.91 million. Vertex had a positive trailing twelve-month return on equity of 12.68% and a negative net margin of 5.94%.

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).

Vertex updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $141.00 million-$143.00 million, compared to the consensus revenue estimate of $140.09 million.

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).

(VERX) raised $318 million in an 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 acted as the underwriters for the IPO and BofA Securities, Citigroup, Jefferies, JMP Securities, Stifel, William Blair and CastleOak Securities were co-managers.

Vertex trades on the NASDAQ under the ticker symbol "VERX."

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.

One share of VERX stock can currently be purchased for approximately $23.10.

Vertex (NASDAQ:VERX) has a market capitalization of $3.51 billion and generates $491.62 million in revenue each year. The company earns $-12,300,000.00 in net income (profit) each year or ($0.22) on an earnings per share basis.

The company employs 1,400 workers across the globe.

Vertex's mailing address is 2301 RENAISSANCE BOULEVARD, KING OF PRUSSIA PA, 19406. The official website for the company is www.vertexinc.com. The company can be reached via phone at 800-355-3500 or via email at ir@vertexinc.com.