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) .

(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 .

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: 0.10
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

2.3

Analyst's Opinion

Consensus Rating
Vertex 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/Downside
According 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 Coverage
Vertex has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.62% of the outstanding shares of Vertex have been sold short.
Short Interest Ratio / Days to Cover
Vertex 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 month
Short interest in Vertex has recently increased by 5.64%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Vertex does not currently pay a dividend.
Dividend Growth
Vertex does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VERX.

2.8

News and Social Media Coverage

News Sentiment
Vertex 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 Week
MarketBeat has tracked 8 news articles for Vertex this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for VERX on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Vertex to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
45.00% 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 Institutions
Only 28.31% of the stock of Vertex is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Vertex has a PEG Ratio of 10.42. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Vertex 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.

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.

VERX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

VERX Stock News Headlines

December 5, 2023 | americanbankingnews.com

Vertex, Inc. (NASDAQ:VERX) Insider Item Second Irr. Trust Fbo Ann Sells 18,900 Shares of Stock

December 3, 2023 | americanbankingnews.com

Insider Selling: Vertex, Inc. (NASDAQ:VERX) Insider Sells 67,000 Shares of Stock

December 6, 2023 | Edge On The Street (Ad)

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.

December 3, 2023 | americanbankingnews.com

Item Second Irr. Trust Fbo Jac Sells 79,200 Shares of Vertex, Inc. (NASDAQ:VERX) Stock

November 28, 2023 | finance.yahoo.com

Here's Why Vertex (VERX) is a Great Momentum Stock to Buy

November 28, 2023 | finance.yahoo.com

Can Vertex (VERX) Run Higher on Rising Earnings Estimates?

November 27, 2023 | msn.com

Vertex Inc (VERX) Price Target Increased by 20.00% to 29.49

November 26, 2023 | americanbankingnews.com

Vertex (NASDAQ:VERX) Hits New 1-Year High at $28.30

December 6, 2023 | Edge On The Street (Ad)

Energy Storage Trend Ignites Frenzy Over Vanadium Supply

November 23, 2023 | finance.yahoo.com

Insider Sell Alert: Director Eric Andersen Sells 10,000 Shares of Vertex Inc (VERX)

November 15, 2023 | finance.yahoo.com

Vertex (VERX) Rose on Strong Execution

November 14, 2023 | finance.yahoo.com

Research Reveals Tax Professionals' Concerns Surrounding Risk Tolerance

November 11, 2023 | markets.businessinsider.com

Analysts Offer Insights on Healthcare Companies: Gilead Sciences (GILD) and Vertex (VERX)

November 11, 2023 | markets.businessinsider.com

Hold Rating on Vertex: Balancing Growth Prospects and Market Challenges

November 10, 2023 | markets.businessinsider.com

Vertex Risk/Reward Path In Focus: 'Magnitude Of Stock Move Was Greater Than Expected'

November 10, 2023 | finance.yahoo.com

Vertex, Inc. (NASDAQ:VERX) Q3 2023 Earnings Call Transcript

November 10, 2023 | markets.businessinsider.com

Analysts Are Bullish on Top Healthcare Stocks: Xenon (XENE), Vertex (VERX)

November 9, 2023 | finanznachrichten.de

Vertex Inc.: Vertex Announces Third Quarter 2023 Financial Results

November 9, 2023 | finance.yahoo.com

Vertex Inc (VERX) Reports Strong Q3 2023 Results with Increased Guidance

November 9, 2023 | seekingalpha.com

Vertex, Inc. 2023 Q3 - Results - Earnings Call Presentation

November 9, 2023 | finance.yahoo.com

Vertex Announces Third Quarter 2023 Financial Results

November 5, 2023 | morningstar.com

Vertex Inc Class A VERX

October 23, 2023 | finance.yahoo.com

Vertex Announces Strategic Partnership with Pagero

October 19, 2023 | finance.yahoo.com

Should You Invest in Vertex (VERX)?

October 16, 2023 | seekingalpha.com

Vertex Grows Enterprise Client Base As Margins Improve (Rating Upgrade)

October 16, 2023 | finance.yahoo.com

Vertex to Announce Third Quarter 2023 Financial Results on Thursday, November 9, 2023

October 6, 2023 | finance.yahoo.com

Vertex Inc's Meteoric Rise: Unpacking the 28% Surge in Just 3 Months

See More Headlines

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Company Calendar

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:VERX
CUSIP: N/A
CIK: 1806837
Web: www.vertexinc.com
Phone: 800-355-3500
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

EPS (Most Recent Fiscal Year): ($0.23)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 134.14
P/E Growth: 10.42
Net Income: $-12,300,000.00
Net Margins: -6.15%
Pretax Margin: -3.56%
Return on Equity: 13.30%
Return on Assets: 4.14%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 0.55
Quick Ratio: 0.55

Sales & Book Value

Annual Sales: $548.60 million
Price / Sales: 8.23
Cash Flow: $0.66 per share
Price / Cash Flow: 44.84
Book Value: $1.53 per share
Price / Book: 19.29

Miscellaneous

Outstanding Shares: 152,986,000
Free Float: 84,142,000
Market Cap: $4.51 billion
Optionable: Not Optionable
Beta: 0.53

13 Stocks Institutional Investors Won't Stop Buying

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Key Executives

Mr. David DeStefano (Age 60)
CEO, President & Chairman of the Board
Comp: $1.25M
Ms. Amanda Westphal Radcliffe (Age 54)
Co-Owner & Director
Comp: $48k
Ms. Stefanie Westphal-Lucas Thompson (Age 60)
Co-Owner & Director
Comp: $42k
Mr. John R. Schwab (Age 55)
Chief Financial Officer
Comp: $837.45k
Mr. Bryan T. R. Rowland (Age 43)
VP, General Counsel & Secretary
Comp: $501.35k
Mr. Ray Westphal
Founder
Mr. Steven Hinckley
Chief Operating Officer
Ms. Lisa Butler (Age 57)
Chief Accounting Officer
Comp: $655.42k
Mr. Salvatore Visca (Age 57)
Chief Technology Officer
Mr. Ben Askin
Chief Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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