NASDAQ:VERX Vertex (VERX) Stock Price, News & Analysis $38.88 +1.30 (+3.46%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$38.05▼$38.9050-Day Range$32.11▼$40.0152-Week Range$17.59▼$40.04Volume896,090 shsAverage Volume795,260 shsMarket Capitalization$6.03 billionP/E Ratio972.00Dividend YieldN/APrice Target$36.80 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Vertex alerts: Email Address Vertex MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside5.3% Downside$36.80 Price TargetShort InterestBearish3.83% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.51Based on 17 Articles This WeekInsider TradingSelling Shares$106.11 M Sold Last QuarterProj. Earnings Growth68.42%From $0.19 to $0.32 Per ShareSee Full Details Hide Full Details 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.1.34 out of 5 starsComputer And Technology Sector514th out of 612 stocksPrepackaged Software Industry173rd out of 202 stocks 1.4 Analyst's Opinion Consensus RatingVertex has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageVertex has only been the subject of 4 research reports in the past 90 days.Read more about Vertex's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.83% 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 5.4.Change versus previous monthShort interest in Vertex has recently increased by 43.83%, 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 2.5 News and Social Media Coverage News SentimentVertex has a news sentiment score of 0.51. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Vertex this week, compared to 5 articles on an average week.Search InterestOnly 3 people have searched for VERX on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.MarketBeat Follows3 people have added Vertex to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 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 $106,110,000.00 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 Institutions59.10% of the stock of Vertex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Vertex's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Vertex are expected to grow by 68.42% in the coming year, from $0.19 to $0.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Vertex is 972.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Vertex is 972.00, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 262.26.Price to Earnings Growth RatioVertex has a PEG Ratio of 19.21. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioVertex has a P/B Ratio of 23.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Vertex's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsJ.P. Morgan’s DIRE WarningWhen the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."Click here to see why Wall Street is in PANIC mode >>> 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.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 HeadlinesJuly 25 at 6:50 AM | insidertrades.comVertex, Inc. (NASDAQ:VERX) Major Shareholder Jeffrey Westphal Sells 1,500,000 SharesJuly 25 at 6:17 AM | insidertrades.comInsider Selling: Vertex, Inc. (NASDAQ:VERX) Major Shareholder Sells 1,500,000 Shares of StockJuly 26, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.July 25 at 11:37 PM | sg.finance.yahoo.comBRIEF-Mapletree Industrial Trust Posts Qtrly Net Property Income S$132.5 MlnJuly 25 at 8:36 AM | finance.yahoo.comVertex 2024 Mid-Year Sales Tax Rates and Rules Report Reveals Local Governments are Increasingly Dependent on Sales Tax RevenuesJuly 24 at 9:27 PM | msn.comBaird Initiates Coverage of Vertex (VERX) with Outperform RecommendationJuly 24 at 11:31 AM | americanbankingnews.comVertex (NASDAQ:VERX) Lifted to "Strong-Buy" at Baird R WJuly 23 at 7:51 PM | msn.comVertex stock rises as Baird initiates coverage with Outperform ratingJuly 26, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.July 23 at 7:51 PM | markets.businessinsider.comThe Analyst Landscape: 5 Takes On VertexJuly 23 at 7:28 AM | americanbankingnews.comVertex (NASDAQ:VERX) Now Covered by Analysts at Robert W. BairdJuly 19, 2024 | finance.yahoo.comVertex, Inc. (VERX)July 19, 2024 | americanbankingnews.comVertex, Inc. (NASDAQ:VERX) Given Consensus Recommendation of "Moderate Buy" by BrokeragesJuly 18, 2024 | americanbankingnews.comVertex (NASDAQ:VERX) Sets New 12-Month High at $38.12July 11, 2024 | globenewswire.comVertex to Announce Second Quarter 2024 Financial Results on Wednesday, August 7, 2024June 12, 2024 | globenewswire.comVertex Acquires Artificial Intelligence Tax Capabilities from Ryan, LLCJune 4, 2024 | seekingalpha.comVertex: Solid Execution With Visible Growth CatalystJune 1, 2024 | investorplace.com3 Overlooked Tech Stocks Aiming for a 10X SurgeSee 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 Earnings5/08/2024Today7/26/2024Next Earnings (Confirmed)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryComputer Software Current SymbolNASDAQ:VERX CUSIPN/A CIK1806837 Webwww.vertexinc.com Phone800-355-3500FaxN/AEmployees1,500Year FoundedN/APrice Target and Rating Average Stock Price Target$36.80 High Stock Price Target$45.00 Low Stock Price Target$29.00 Potential Upside/Downside-5.3%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$0.04 Trailing P/E Ratio972.00 Forward P/E Ratio204.63 P/E Growth19.21Net Income$-13,090,000.00 Net Margins1.29% Pretax Margin-2.51% Return on Equity18.67% Return on Assets5.98% Debt Debt-to-Equity Ratio0.17 Current Ratio0.60 Quick Ratio0.60 Sales & Book Value Annual Sales$596.42 million Price / Sales10.11 Cash Flow$0.76 per share Price / Cash Flow51.23 Book Value$1.65 per share Price / Book23.56Miscellaneous Outstanding Shares155,114,000Free Float85,313,000Market Cap$6.03 billion OptionableOptionable Beta0.69 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. David DeStefano (Age 61)CEO, President & Chairman of the Board Comp: $1.25MMr. John R. Schwab (Age 56)Chief Financial Officer Comp: $837.45kMr. Bryan T. R. Rowland (Age 44)VP, General Counsel & Secretary Comp: $501.35kMr. Ray WestphalFounderMr. Ryan J. Leib (Age 46)Chief Accounting Officer Mr. Salvatore Visca (Age 58)Chief Technology Officer Mr. Ben AskinChief Digital & Information OfficerMr. Joseph J. CrivelliVice President of Investor RelationsMr. Jeff FoucherChief Marketing OfficerMr. Nigel RughaniVice President of Corporate DevelopmentMore ExecutivesKey CompetitorsSailPoint TechnologiesNYSE:SAILDattoNYSE:MSPVaronis SystemsNASDAQ:VRNSAltair EngineeringNASDAQ:ALTRACI WorldwideNASDAQ:ACIWView All CompetitorsInsiders & InstitutionsAllspring Global Investments Holdings LLCBought 30,391 shares on 7/26/2024Ownership: 0.264%Bank of New York Mellon CorpBought 186,676 shares on 7/26/2024Ownership: 0.142%RiverPark Advisors LLCSold 2,938 shares on 7/26/2024Ownership: 0.008%Verdence Capital Advisors LLCBought 1,134 shares on 7/26/2024Ownership: 0.005%Bank Pictet & Cie Europe AGBought 37,010 shares on 7/25/2024Ownership: 0.024%View All Insider TransactionsView All Institutional Transactions VERX Stock Analysis - Frequently Asked Questions How have VERX shares performed this year? Vertex's stock was trading at $26.94 at the beginning of the year. Since then, VERX stock has increased by 44.3% and is now trading at $38.88. View the best growth stocks for 2024 here. How were Vertex's earnings last quarter? Vertex, Inc. (NASDAQ:VERX) released its quarterly earnings results on Wednesday, May, 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.01. The firm earned $156.78 million during the quarter, compared to analyst estimates of $155.50 million. Vertex had a net margin of 1.29% and a trailing twelve-month return on equity of 18.67%. When did Vertex IPO? Vertex (VERX) raised $318 million in an initial public offering 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 top institutional shareholders include Banque Pictet & Cie SA (0.61%), Allspring Global Investments Holdings LLC (0.26%), Bank of New York Mellon Corp (0.14%) and Bank Pictet & Cie Europe AG (0.02%). Insiders that own company stock include Tensile Capital Management Lp, Item Second Irr Trust Fbo Kyl, Item Second Irr Trust Fbo Jac, Item Second Irr Trust Fbo Ann, Jeffrey Westphal, David Destefano, Eric C Andersen, John R Schwab, Kevin L Robert, John Richard Stamm, Jeffery Westphal, Bryan TR Rowland, Lisa Butler and 2020 Irrevocable Trust For Ben. 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. What other stocks do shareholders of Vertex own? Based on aggregate information from My MarketBeat watchlists, some other companies that Vertex investors own include Adobe (ADBE), BigCommerce (BIGC), Carnival Co. & (CCL), Coupa Software (COUP), Delta Air Lines (DAL), GW Pharmaceuticals (GWPH) and Intel (INTC). This page (NASDAQ:VERX) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredWe recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. And the real wealth has still to be made…Porter & Company | SponsoredNEW AI developed by trader who won 1,129% (in 2 days)Earlier this year one legendary trader captured a 1,129% win (in just 2 days) ... 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