NASDAQ:VERX Vertex (VERX) Stock Forecast, Price & News $23.10 +0.57 (+2.53%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$22.61▼$23.5350-Day Range$17.77▼$23.1052-Week Range$11.92▼$23.77Volume892,034 shsAverage Volume249,616 shsMarket Capitalization$3.51 billionP/E RatioN/ADividend YieldN/APrice Target$23.22 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Vertex MarketRank™ ForecastAnalyst RatingHold2.44 Rating ScoreUpside/Downside0.5% Upside$23.22 Price TargetShort InterestHealthy0.43% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$15.53 M Sold Last QuarterProj. Earnings Growth42.11%From $0.19 to $0.27 Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector284th out of 607 stocksPrepackaged Software Industry80th out of 200 stocks 2.2 Analyst's Opinion Consensus RatingVertex has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 5 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.22, Vertex has a forecasted upside of 0.5% from its current price of $23.10.Amount of Analyst CoverageVertex has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.43% 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 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Vertex has recently decreased by 5.94%, indicating that investor sentiment is improving 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 2.8 News and Social Media Coverage News SentimentVertex has a news sentiment score of 1.07. 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 higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Vertex this week, compared to 3 articles on an average week.Search Interest2 people have searched for VERX on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added Vertex to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 2.5 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 $15,529,977.00 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 InstitutionsOnly 28.31% of the stock of Vertex is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Vertex are expected to grow by 42.11% in the coming year, from $0.19 to $0.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Vertex is -105.00, 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. SectorThe P/E ratio of Vertex is -105.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioVertex has a PEG Ratio of 11.26. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioVertex has a P/B Ratio of 15.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Vertex (NASDAQ:VERX) StockVertex, 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.Read More VERX Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart VERX Stock News HeadlinesSeptember 23, 2023 | americanbankingnews.comVertex (NASDAQ:VERX) vs. Roblox (NYSE:RBLX) Financial SurveySeptember 23, 2023 | americanbankingnews.comVertex, Inc. (NASDAQ:VERX) Receives Average Rating of "Hold" from AnalystsSeptember 30, 2023 | UNKNOWN (Ad)Top Wellness Nasdaq Stock for 2023Cutting-Edge Ai-Based Technology Is Set to Disrupt the Womens Wellness SpaceSeptember 19, 2023 | markets.businessinsider.comVertex (VERX) Gets a Buy from William BlairSeptember 18, 2023 | cnbc.comBuy this 'underappreciated' tax software stock, which could see 20% upside, Morgan Stanley saysSeptember 18, 2023 | msn.comMorgan Stanley resumes coverage of Vertex with Overweight rating, shares riseSeptember 18, 2023 | markets.businessinsider.com6 Analysts Have This to Say About VertexSeptember 18, 2023 | markets.businessinsider.comAnalysts Conflicted on These Healthcare Names: PTC Therapeutics (PTCT) and Vertex (VERX)September 30, 2023 | UNKNOWN (Ad)Top Wellness Nasdaq Stock for 2023Cutting-Edge Ai-Based Technology Is Set to Disrupt the Womens Wellness SpaceSeptember 18, 2023 | msn.comMorgan Stanley Reiterates Vertex Inc (VERX) Overweight RecommendationSeptember 4, 2023 | finance.yahoo.comWhen Will Vertex, Inc. (NASDAQ:VERX) Turn A Profit?August 31, 2023 | finance.yahoo.comVertex to Present at Citi 2023 Global Technology ConferenceAugust 21, 2023 | msn.comJMP Securities Reiterates Vertex Inc (VERX) Market Outperform RecommendationAugust 16, 2023 | bizjournals.comVertex founder Ray Westphal remembered as 'visionary' following his death at 88August 14, 2023 | markets.businessinsider.comWilliam Blair Remains a Buy on Vertex (VERX)August 14, 2023 | markets.businessinsider.comBerenberg Bank Sticks to Their Buy Rating for Vertex (VERX)August 11, 2023 | msn.comNeedham Reiterates Vertex Inc (VERX) Buy RecommendationAugust 10, 2023 | seekingalpha.comVertex, Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 10, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Healthcare Companies: Charles River Labs (CRL), Vertex (VERX) and Dexcom (DXCM)August 10, 2023 | markets.businessinsider.comJMP Securities Keeps Their Buy Rating on Vertex (VERX)August 9, 2023 | finanznachrichten.deVertex Inc.: Vertex Announces Second Quarter 2023 Financial ResultsAugust 9, 2023 | finance.yahoo.comVertex Announces Second Quarter 2023 Financial ResultsAugust 8, 2023 | finance.yahoo.comSwelling losses haven't held back gains for Vertex (NASDAQ:VERX) shareholders since they're up 48% over 1 yearJuly 25, 2023 | seekingalpha.comVertex: Seizing The Opportunity In The Tax Compliance Software MarketJuly 21, 2023 | msn.comCitigroup Maintains Vertex Inc (VERX) Neutral RecommendationJuly 21, 2023 | markets.businessinsider.comAnalyst Expectations for Vertex's FutureJuly 20, 2023 | finance.yahoo.comVertex Indirect Tax Determination Solution Now an SAP Endorsed App on SAP® StoreSee 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 VERX Company Calendar Last Earnings8/09/2023Today9/29/2023Next Earnings (Estimated)11/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:VERX CUSIPN/A CIK1806837 Webwww.vertexinc.com Phone800-355-3500FaxN/AEmployees1,400Year FoundedN/APrice 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 RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.22) Trailing P/E RatioN/A Forward P/E Ratio121.58 P/E Growth11.26Net Income$-12,300,000.00 Net Margins-5.94% Pretax Margin-3.42% Return on Equity12.68% Return on Assets3.98% Debt Debt-to-Equity Ratio0.20 Current Ratio0.54 Quick Ratio0.54 Sales & Book Value Annual Sales$491.62 million Price / Sales7.15 Cash Flow$0.64 per share Price / Cash Flow36.37 Book Value$1.53 per share Price / Book15.10Miscellaneous Outstanding Shares152,090,000Free Float83,647,000Market Cap$3.51 billion OptionableNot Optionable Beta0.49 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. David DeStefano (Age 60)CEO, Pres & Chairman Comp: $1.25MMs. Amanda Westphal Radcliffe (Age 54)Co-Owner & Director Comp: $48kMs. Stefanie Westphal-Lucas Thompson (Age 60)Co-Owner & Director Comp: $42kMr. John R. Schwab (Age 55)Chief Financial Officer Comp: $837.45kMr. Bryan T. R. Rowland (Age 43)VP, Gen. Counsel & Sec. Comp: $501.35kMr. Ray WestphalFounderMr. Steven HinckleyChief Operating OfficerMs. Lisa Butler (Age 57)Chief Accounting Officer Mr. Salvatore Visca (Age 57)Chief Technology Officer Mr. Ben AskinChief Information OfficerMore ExecutivesKey CompetitorsVaronis SystemsNASDAQ:VRNSnCinoNASDAQ:NCNOBlackLineNASDAQ:BLBOXNYSE:BOXAppianNASDAQ:APPNView All CompetitorsInsiders & InstitutionsJohn Richard StammSold 10,691 sharesTotal: $239,585.31 ($22.41/share)Osaic Holdings Inc.Bought 10,907 shares on 8/21/2023Ownership: 0.042%California State Teachers Retirement SystemSold 5,281 shares on 8/21/2023Ownership: 0.025%Royal Bank of CanadaBought 2,840 shares on 8/15/2023Ownership: 0.091%Wells Fargo & Company MNBought 1,121 shares on 8/15/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Vertex, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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