Vertex (VERX) Stock Price, News & Analysis

10 Wall Street 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 analysts is that investors should "moderate buy" VERX shares.
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10 brokers have issued 1-year target prices for Vertex's shares. Their VERX share price targets range from $27.00 to $45.00. On average, they anticipate the company's stock price to reach $35.78 in the next year. This suggests a possible upside of 22.9% from the stock's current price.
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Vertex's stock was trading at $26.94 on January 1st, 2024. Since then, VERX stock has increased by 8.1% and is now trading at $29.11.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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Vertex, Inc. (NASDAQ:VERX) announced its earnings results on Thursday, February, 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. The company earned $154.91 million during the quarter, compared to analyst estimates of $146.44 million. Vertex had a positive trailing twelve-month return on equity of 16.15% and a negative net margin of 2.29%.

ETFs with the largest weight of Vertex (NASDAQ:VERX) stock in their portfolio include Alger Weatherbie Enduring Growth ETF (AWEG), Invesco Dorsey Wright Technology Momentum ETF (PTF) and SPDR S&P Software & Services ETF (XSW).Global X FinTech Thematic ETF (FINX).

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.

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).

Vertex (VERX) raised $318 million in an initial public offering (IPO) on Wednesday, July 29th 2020. The company issued 21,200,000 shares at $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.

Vertex's stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.25%), Moody National Bank Trust Division (0.02%), Cannon Global Investment Management LLC (0.01%), Toth Financial Advisory Corp (0.01%), Capital CS Group LLC (0.01%) and Harbour Capital Advisors LLC (0.01%). Insiders that own company stock include 2020 Irrevocable Trust For Ben, 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, Jeffrey Westphal, John R Schwab, John Richard Stamm, Kevin L Robert, Lisa Butler and Tensile Capital Management Lp.
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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.
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