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How major US stock indexes fared Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Question of whether Nebraska public money can go to private schools still set for November ballot
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
How major US stock indexes fared Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Question of whether Nebraska public money can go to private schools still set for November ballot
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
How major US stock indexes fared Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Question of whether Nebraska public money can go to private schools still set for November ballot
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
How major US stock indexes fared Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Question of whether Nebraska public money can go to private schools still set for November ballot
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
NASDAQ:VERX

Vertex (VERX) Stock Price, News & Analysis

$33.55
-0.03 (-0.09%)
(As of 03/1/2024 ET)
Today's Range
$32.61
$35.38
50-Day Range
$23.54
$33.58
52-Week Range
$14.72
$35.38
Volume
1.42 million shs
Average Volume
437,988 shs
Market Capitalization
$5.13 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$35.78

Vertex MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
6.6% Upside
$35.78 Price Target
Short Interest
Healthy
0.74% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.93mentions of Vertex in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$5 M Sold Last Quarter
Proj. Earnings Growth
35.48%
From $0.31 to $0.42 Per Share

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.

2.61 out of 5 stars

Computer And Technology Sector

348th out of 596 stocks

Prepackaged Software Industry

121st out of 205 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

Vertex (NASDAQ:VERX) Hits New 1-Year High at $33.51
Vertex (NASDAQ:VERX) Shares Gap Up on Analyst Upgrade
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Demystifying Vertex: Insights From 6 Analyst Reviews
Vertex surges after topping Q4 expectations
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Vertex Q4 2023 Earnings Preview
Vertex (VERX) Rose on Solid Third Quarter Results
Vertex (VERX) Scheduled to Post Quarterly Earnings on Thursday
VERX Aug 2024 30.000 put
VERX Mar 2024 20.000 put
VERX Sep 2024 30.000 call
VERX Mar 2024 25.000 put
VERX Aug 2024 20.000 call
CORRECTION -- Vertex, Inc.
See More Headlines
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Company Calendar

Last Earnings
11/10/2021
Today
3/01/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

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
$35.78
High Stock Price Target
$45.00
Low Stock Price Target
$27.00
Potential Upside/Downside
-17.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
10 Analysts

Profitability

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

Debt

Sales & Book Value

Annual Sales
$491.62 million
Cash Flow
$0.82 per share
Book Value
$1.53 per share

Miscellaneous

Free Float
84,142,000
Market Cap
$5.13 billion
Optionable
Optionable
Beta
0.50
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VERX Stock Analysis - Frequently Asked Questions

Should I buy or sell Vertex stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Vertex in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 1-year price targets for Vertex's stock. Their VERX share price targets range from $27.00 to $45.00. On average, they expect the company's stock price to reach $35.78 in the next twelve months. This suggests a possible upside of 6.6% 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 2024?

Vertex's stock was trading at $26.94 at the start of the year. Since then, VERX stock has increased by 24.5% and is now trading at $33.55.
View the best growth stocks for 2024 here
.

When is Vertex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our VERX earnings forecast
.

How were Vertex's earnings last quarter?

Vertex, Inc. (NASDAQ:VERX) released its earnings results on Wednesday, November, 10th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The business earned $110.72 million during the quarter, compared to analysts' expectations of $104.92 million. Vertex had a positive trailing twelve-month return on equity of 16.69% and a negative net margin of 2.29%. During the same period in the prior year, the business posted ($0.31) earnings per share.

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 issued an update on its first quarter 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $152.0 million-$156.0 million, compared to the consensus revenue estimate of $150.1 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 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.63%), Neuberger Berman Group LLC (2.40%), Legacy Advisors LLC (2.12%), Conestoga Capital Advisors LLC (1.85%), Bryn Mawr Capital Management LLC (1.04%) and TimesSquare Capital Management LLC (0.89%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:VERX) was last updated on 3/2/2024 by MarketBeat.com Staff