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 brokerages have issued 12-month price objectives for Vertex's stock. Their VERX share price targets range from $27.00 to $45.00. On average, they predict the company's share price to reach $35.78 in the next year. This suggests a possible upside of 25.1% 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 on January 1st, 2024. Since then, VERX stock has increased by 6.2% and is now trading at $28.61. 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 Thursday, February, 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm 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%.

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) , Invesco Dorsey Wright Technology Momentum ETF (PTF) and SPDR S&P Software & Services ETF (XSW) . Global X FinTech Thematic ETF (FINX) .

What guidance has Vertex issued on next quarter's earnings?

Vertex updated its first quarter 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (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) .

Vertex (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 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 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. 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 .

NASDAQ:VERX

Vertex (VERX) Stock Price, News & Analysis

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$28.61

-0.44 (-1.51%)

(As of 04/19/2024 ET)

Compare

Today's Range: $28.21
▼
$30.64
50-Day Range: $24.50
▼
$33.58
52-Week Range: $17.59
▼
$35.38

Volume: 349,516 shs
Average Volume: 521,145 shs
Market Capitalization: $4.42 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $35.78

Get Vertex alerts:

Vertex MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 25.1% Upside
$35.78 Price Target
Short Interest: Healthy
0.84% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$35.03 M Sold Last Quarter
Proj. Earnings Growth: 47.22%
From $0.36 to $0.53 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.

3.60 out of 5 stars

Computer And Technology Sector

227th out of 585 stocks

Prepackaged Software Industry

66th out of 197 stocks

4.3

Analyst's Opinion

Consensus Rating
Vertex has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Vertex has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.84% of the outstanding shares of Vertex have been sold short.
Short Interest Ratio / Days to Cover
Vertex has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Vertex has recently increased by 16.07%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Vertex does not currently pay a dividend.
Dividend Growth
Vertex does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VERX.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Vertex this week, compared to 4 articles on an average week.
Search Interest
4 people have searched for VERX on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Vertex to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In 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 $35,034,678.00 in company stock.
Percentage Held by Insiders
45.00% 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 Institutions
59.10% of the stock of Vertex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Vertex are expected to grow by 47.22% in the coming year, from $0.36 to $0.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Vertex is -286.10, 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. Sector
The P/E ratio of Vertex is -286.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Vertex has a PEG Ratio of 7.53. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Vertex has a P/B Ratio of 17.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Vertex Stock (NASDAQ:VERX)

Vertex, Inc., together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools, role-based security, and event logging; tax data management; document management; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions; and technology specific solutions, such as chain flow accelerator and SAP-specific tools. It provides implementation services, such as configuration, data migration and implementation, and support and training; and managed services, including tax return preparation, filing and tax payment, and notice management. The company sells its software products through software licenses and software as a service subscription. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.

VERX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

VERX Stock News Headlines

April 10, 2024 | insidertrades.com

Vertex, Inc. (NASDAQ:VERX) Major Shareholder Sells $23,773,546.65 in Stock

March 29, 2024 | insidertrades.com

Insider Selling: Vertex, Inc. (NASDAQ:VERX) Insider Sells 30,692 Shares of Stock

April 19, 2024 | Crypto Swap Profits (Ad)

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March 26, 2024 | insidertrades.com

Vertex, Inc. (NASDAQ:VERX) Insider 2020 Irrevocable Trust For Ben Sells 47,522 Shares

March 21, 2024 | insidertrades.com

Vertex, Inc. (NASDAQ:VERX) Insider Sells $209,288.68 in Stock

March 21, 2024 | insidertrades.com

Vertex, Inc. (NASDAQ:VERX) Insider Sells $329,088.20 in Stock

March 19, 2024 | insidertrades.com

Vertex, Inc. (NASDAQ:VERX) CAO Sells $245,632.70 in Stock

April 15, 2024 | americanbankingnews.com

Critical Comparison: ZoomInfo Technologies (NASDAQ:ZI) vs. Vertex (NASDAQ:VERX)

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Did You Get Your Free Bitcoin Yet?

April 10, 2024 | americanbankingnews.com

Vertex, Inc. (NASDAQ:VERX) Major Shareholder Jeffrey Westphal Sells 791,133 Shares

April 10, 2024 | americanbankingnews.com

Vertex, Inc. (NASDAQ:VERX) Receives Average Rating of "Moderate Buy" from Brokerages

March 27, 2024 | investing.com

Vertex Inc. trustee sells over $1.4 million in company stock

March 24, 2024 | finance.yahoo.com

Is Vertex, Inc. (NASDAQ:VERX) Trading At A 48% Discount?

March 20, 2024 | seekingalpha.com

Vertex: A Positive Growth Outlook With Margins At An Inflection Point

March 18, 2024 | finance.yahoo.com

Vertex Inc's Chief Accounting Officer Lisa Butler Sells 8,290 Shares

March 16, 2024 | finance.yahoo.com

VERX Apr 2024 25.000 call

March 16, 2024 | finance.yahoo.com

VERX Apr 2024 35.000 put

March 15, 2024 | seekingalpha.com

Five9 receives Outperform rating due to strong market position: RBC

March 12, 2024 | finance.yahoo.com

Vertex Inc (VERX) President & CEO David Destefano Sells 15,677 Shares

March 8, 2024 | finance.yahoo.com

Director John Stamm Sells 6,500 Shares of Vertex Inc (VERX)

March 3, 2024 | nasdaq.com

Interesting VERX Put And Call Options For September 20th

March 2, 2024 | seekingalpha.com

Vertex, Inc. (VERX) Q4 2023 Earnings Call Transcript

March 2, 2024 | seekingalpha.com

Vertex, Inc. (VERX) Q4 2023 Earnings Call Transcript

March 2, 2024 | msn.com

B of A Securities Upgrades Vertex (VERX)

March 1, 2024 | msn.com

BofA says Vertex turning a corner on balanced growth, upgrades to neutral

March 1, 2024 | markets.businessinsider.com

Demystifying Vertex: Insights From 6 Analyst Reviews

March 1, 2024 | finance.yahoo.com

Vertex, Inc. (NASDAQ:VERX) Q4 2023 Earnings Call Transcript

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:VERX
CUSIP: N/A
CIK: 1806837
Web: www.vertexinc.com
Phone: 800-355-3500
Fax: N/A
Employees: 1,500
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: +25.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.10)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 79.47
P/E Growth: 7.53
Net Income: $-13,090,000.00
Net Margins: -2.29%
Pretax Margin: -3.79%
Return on Equity: 16.15%
Return on Assets: 5.08%

Debt

Debt-to-Equity Ratio: 0.17
Current Ratio: 0.60
Quick Ratio: 0.60

Sales & Book Value

Annual Sales: $572.39 million
Price / Sales: 7.71
Cash Flow: $0.72 per share
Price / Cash Flow: 39.66
Book Value: $1.65 per share
Price / Book: 17.34

Miscellaneous

Outstanding Shares: 154,340,000
Free Float: 84,884,000
Market Cap: $4.42 billion
Optionable: Optionable
Beta: 0.62

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Key Executives

Mr. David DeStefano (Age 61)
CEO, President & Chairman of the Board
Comp: $1.25M
Ms. Amanda Westphal Radcliffe (Age 55)
Co-Owner & Director
Comp: $48k
Ms. Stefanie Westphal-Lucas Thompson (Age 61)
Co-Owner & Director
Comp: $42k
Mr. John R. Schwab (Age 56)
Chief Financial Officer
Comp: $837.45k
Mr. Bryan T. R. Rowland (Age 44)
VP, General Counsel & Secretary
Comp: $501.35k
Mr. Ray Westphal
Founder
Mr. Steven Hinckley
Chief Operating Officer
Mr. Ryan J. Leib (Age 46)
Chief Accounting Officer
Mr. Salvatore Visca (Age 58)
Chief Technology Officer
Mr. Ben Askin
Chief Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 brokerages have issued 12-month price objectives for Vertex's stock. Their VERX share price targets range from $27.00 to $45.00. On average, they predict the company's share price to reach $35.78 in the next year. This suggests a possible upside of 25.1% 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 on January 1st, 2024. Since then, VERX stock has increased by 6.2% and is now trading at $28.61.
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 Thursday, February, 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm 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%.
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), Invesco Dorsey Wright Technology Momentum ETF (PTF) and SPDR S&P Software & Services ETF (XSW).Global X FinTech Thematic ETF (FINX).

What guidance has Vertex issued on next quarter's earnings?: Vertex updated its first quarter 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (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?: Vertex (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 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 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.
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 4/19/2024 by MarketBeat.com Staff

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