S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Teladoc Health gaps down to support level after weak guidance
Housing data weakens, but Toll Brothers stock is still a buy
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Teladoc Health gaps down to support level after weak guidance
Housing data weakens, but Toll Brothers stock is still a buy
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Teladoc Health gaps down to support level after weak guidance
Housing data weakens, but Toll Brothers stock is still a buy
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Teladoc Health gaps down to support level after weak guidance
Housing data weakens, but Toll Brothers stock is still a buy
NASDAQ:VERX

Vertex (VERX) Stock Price, News & Analysis

$24.50
-0.13 (-0.53%)
(As of 02/21/2024 ET)
Today's Range
$24.17
$24.69
50-Day Range
$23.54
$27.75
52-Week Range
$13.93
$30.00
Volume
273,894 shs
Average Volume
289,744 shs
Market Capitalization
$3.75 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$27.78

Vertex MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
13.4% Upside
$27.78 Price Target
Short Interest
Healthy
0.63% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of Vertex in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$9.13 M Sold Last Quarter
Proj. Earnings Growth
47.62%
From $0.21 to $0.31 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.

3.03 out of 5 stars

Computer And Technology Sector

280th out of 579 stocks

Prepackaged Software Industry

84th out of 195 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 (VERX) Scheduled to Post Quarterly Earnings on Thursday
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
VERX Aug 2024 30.000 put
VERX Mar 2024 20.000 put
VERX Sep 2024 30.000 call
VERX Mar 2024 25.000 put
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
VERX Aug 2024 20.000 call
CORRECTION -- Vertex, Inc.
Vertex Withdraws Offer To Buy Pagero
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
11/10/2021
Today
2/22/2024
Next Earnings (Confirmed)
2/29/2024
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
$27.78
High Stock Price Target
$35.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+13.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

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

Debt

Sales & Book Value

Annual Sales
$491.62 million
Cash Flow
$0.62 per share
Book Value
$1.53 per share

Miscellaneous

Free Float
84,142,000
Market Cap
$3.75 billion
Optionable
Optionable
Beta
0.50
10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report














VERX Stock Analysis - 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, 2 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?

9 brokerages have issued twelve-month target prices for Vertex's shares. Their VERX share price targets range from $20.00 to $35.00. On average, they predict the company's share price to reach $27.78 in the next twelve months. This suggests a possible upside of 13.4% 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 beginning of the year. Since then, VERX shares have decreased by 9.1% and is now trading at $24.50.
View the best growth stocks for 2024 here
.

Are investors shorting Vertex?

Vertex saw a drop in short interest during the month of January. As of January 31st, there was short interest totaling 958,400 shares, a drop of 23.3% from the January 15th total of 1,250,000 shares. Based on an average trading volume of 560,500 shares, the days-to-cover ratio is presently 1.7 days.
View Vertex's Short Interest
.

When is Vertex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 29th 2024.
View our VERX earnings forecast
.

How can I listen to Vertex's earnings call?

Vertex will be holding an earnings conference call on Thursday, February 29th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "10185697".

How were Vertex's earnings last quarter?

Vertex, Inc. (NASDAQ:VERX) announced its earnings results on Wednesday, November, 10th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The firm earned $110.72 million during the quarter, compared to analyst estimates of $104.92 million. Vertex had a negative net margin of 6.15% and a positive trailing twelve-month return on equity of 13.30%. During the same quarter in the previous year, the company earned ($0.31) EPS.

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 fourth quarter 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $145.0 million-$147.0 million, compared to the consensus revenue estimate of $145.1 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 on Wednesday, July 29th 2020. The company issued 21,200,000 shares at $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.

Who are Vertex's major shareholders?

Vertex's stock is owned by a number of institutional and retail 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 2/22/2024 by MarketBeat.com Staff