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The Next Stage Of Google’s Rally Just Started
Nike, Amicus Therapeutics rise; Vail Resorts, Hess fall, Friday, 9/29/2023
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
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Top Wellness Nasdaq Stock for 2023 (Ad)
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Better Than Oil Stocks? (Ad)
The Next Stage Of Google’s Rally Just Started
Nike, Amicus Therapeutics rise; Vail Resorts, Hess fall, Friday, 9/29/2023
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
3 Top-Rated, Oversold Industry Giants
Top Wellness Nasdaq Stock for 2023 (Ad)
PayPal Keeps Getting Cheaper; Should You Load Up?
What's Really Behind The FTC's Lawsuit Targeting of Amazon?
Top Wellness Nasdaq Stock for 2023 (Ad)
Delta Hopes to Soar Again with Customer Loyalty Tweaks
Is the Grinch Stealing This Year's Holiday Season Jobs?
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The Next Stage Of Google’s Rally Just Started
Nike, Amicus Therapeutics rise; Vail Resorts, Hess fall, Friday, 9/29/2023
NASDAQ:VERX

Vertex (VERX) Stock Forecast, Price & News

$23.10
+0.57 (+2.53%)
(As of 09/29/2023 ET)
Compare
Today's Range
$22.61
$23.53
50-Day Range
$17.77
$23.10
52-Week Range
$11.92
$23.77
Volume
892,034 shs
Average Volume
249,616 shs
Market Capitalization
$3.51 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.22

Vertex MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
0.5% Upside
$23.22 Price Target
Short Interest
Healthy
0.43% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$15.53 M Sold Last Quarter
Proj. Earnings Growth
42.11%
From $0.19 to $0.27 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Computer And Technology Sector

284th out of 607 stocks

Prepackaged Software Industry

80th out of 200 stocks


VERX stock logo

About Vertex (NASDAQ:VERX) Stock

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 Price History

VERX Stock News Headlines

Vertex (NASDAQ:VERX) vs. Roblox (NYSE:RBLX) Financial Survey
Top Wellness Nasdaq Stock for 2023
Cutting-Edge Ai-Based Technology Is Set to Disrupt the Womens Wellness Space
Vertex (VERX) Gets a Buy from William Blair
6 Analysts Have This to Say About Vertex
Top Wellness Nasdaq Stock for 2023
Cutting-Edge Ai-Based Technology Is Set to Disrupt the Womens Wellness Space
When Will Vertex, Inc. (NASDAQ:VERX) Turn A Profit?
William Blair Remains a Buy on Vertex (VERX)
Berenberg Bank Sticks to Their Buy Rating for Vertex (VERX)
JMP Securities Keeps Their Buy Rating on Vertex (VERX)
Vertex Announces Second Quarter 2023 Financial Results
Analyst Expectations for Vertex's Future
See More Headlines
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VERX Company Calendar

Last Earnings
8/09/2023
Today
9/29/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

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 Forecast
$23.22
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+0.5%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$-12,300,000.00
Pretax Margin
-3.42%

Debt

Sales & Book Value

Annual Sales
$491.62 million
Cash Flow
$0.64 per share
Book Value
$1.53 per share

Miscellaneous

Free Float
83,647,000
Market Cap
$3.51 billion
Optionable
Not Optionable
Beta
0.49
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Key Executives

  • Mr. David DeStefano (Age 60)
    CEO, Pres & Chairman
    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. RowlandMr. Bryan T. R. Rowland (Age 43)
    VP, Gen. Counsel & Sec.
    Comp: $501.35k
  • Mr. Ray Westphal
    Founder
  • Mr. Steven Hinckley
    Chief Operating Officer
  • Ms. Lisa ButlerMs. Lisa Butler (Age 57)
    Chief Accounting Officer
  • Mr. Salvatore Visca (Age 57)
    Chief Technology Officer
  • Mr. Ben Askin
    Chief Information Officer













VERX Stock - Frequently Asked Questions

Should I buy or sell Vertex stock right now?

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.

What is Vertex's stock price forecast for 2023?

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.

How have VERX shares performed in 2023?

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
.

When is Vertex's next earnings date?

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

How were Vertex's earnings last quarter?

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%.

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 guidance has Vertex issued on next quarter's earnings?

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.

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 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.

What is Vertex's stock symbol?

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

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.

What is Vertex's stock price today?

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

How much money does Vertex make?

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.

How many employees does Vertex have?

The company employs 1,400 workers across the globe.

How can I contact Vertex?

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.

This page (NASDAQ:VERX) was last updated on 9/30/2023 by MarketBeat.com Staff

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