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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
U.S. Military Defense Fails Without Vanadium? (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
U.S. Military Defense Fails Without Vanadium? (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
U.S. Military Defense Fails Without Vanadium? (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
U.S. Military Defense Fails Without Vanadium? (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
U.S. Military Defense Fails Without Vanadium? (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
U.S. Military Defense Fails Without Vanadium? (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund

Vertex Stock Price, News & Analysis (NASDAQ:VERX)

$29.50
+1.05 (+3.69%)
(As of 12/5/2023 ET)
Compare
Today's Range
$28.21
$29.88
50-Day Range
$22.03
$29.50
52-Week Range
$11.92
$29.88
Volume
790,086 shs
Average Volume
366,268 shs
Market Capitalization
$4.51 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$27.11

Vertex MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.1% Downside
$27.11 Price Target
Short Interest
Healthy
0.62% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.10mentions of Vertex in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$102.36 M Sold Last Quarter
Proj. Earnings Growth
50.00%
From $0.22 to $0.33 Per Share

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 stars

Computer And Technology Sector

309th out of 592 stocks

Software - Application Industry

13th out of 24 stocks


VERX stock logo

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.

VERX Stock Price History

VERX Stock News Headlines

Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As 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.
Here's Why Vertex (VERX) is a Great Momentum Stock to Buy
Can Vertex (VERX) Run Higher on Rising Earnings Estimates?
Vertex (NASDAQ:VERX) Hits New 1-Year High at $28.30
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As 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.
Vertex (VERX) Rose on Strong Execution
Hold Rating on Vertex: Balancing Growth Prospects and Market Challenges
Vertex Announces Third Quarter 2023 Financial Results
Vertex Inc Class A VERX
Vertex Announces Strategic Partnership with Pagero
Should You Invest in Vertex (VERX)?
See 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.

Company Calendar

Last Earnings
11/09/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/13/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:VERX
Fax
N/A
Employees
1,400
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$-12,300,000.00
Pretax Margin
-3.56%

Debt

Sales & Book Value

Annual Sales
$548.60 million
Cash Flow
$0.66 per share
Book Value
$1.53 per share

Miscellaneous

Free Float
84,142,000
Market Cap
$4.51 billion
Optionable
Not Optionable
Beta
0.53
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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

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