DA Davidson Predicts Vertex’s Q1 Earnings (NASDAQ:VERX)

Vertex, Inc. (NASDAQ:VERX) – Equities research analysts at DA Davidson boosted their Q1 2025 EPS estimates for Vertex in a research report issued to clients and investors on Tuesday, April 15th. DA Davidson analyst W. Jellison now forecasts that the company will post earnings of $0.09 per share for the quarter, up from their prior estimate of $0.08. DA Davidson currently has a “Buy” rating and a $50.00 target price on the stock. The consensus estimate for Vertex’s current full-year earnings is $0.38 per share. DA Davidson also issued estimates for Vertex’s FY2025 earnings at $0.40 EPS and FY2026 earnings at $0.58 EPS.

Vertex (NASDAQ:VERX) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). Vertex had a net margin of 4.73% and a return on equity of 24.92%. The company had revenue of $178.46 million during the quarter, compared to the consensus estimate of $176.90 million.

VERX has been the subject of several other reports. Robert W. Baird dropped their target price on shares of Vertex from $62.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Jefferies Financial Group lowered their price objective on shares of Vertex from $62.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Morgan Stanley decreased their price target on Vertex from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday. Raymond James restated a “market perform” rating on shares of Vertex in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group decreased their target price on Vertex from $64.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.91.

Vertex Stock Down 2.0 %

Shares of NASDAQ VERX opened at $38.94 on Wednesday. Vertex has a 52 week low of $27.22 and a 52 week high of $60.71. The stock’s fifty day moving average is $38.31 and its 200 day moving average is $46.35. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $6.16 billion, a P/E ratio of 216.33, a PEG ratio of 6.66 and a beta of 0.80.

Institutional Trading of Vertex

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Vertex by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 6,858,981 shares of the company’s stock worth $365,927,000 after purchasing an additional 137,666 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Vertex by 1.5% during the 4th quarter. Neuberger Berman Group LLC now owns 3,527,604 shares of the company’s stock valued at $188,198,000 after acquiring an additional 53,829 shares during the period. FMR LLC boosted its stake in Vertex by 25.4% during the fourth quarter. FMR LLC now owns 2,868,438 shares of the company’s stock worth $153,031,000 after acquiring an additional 580,664 shares in the last quarter. Franklin Resources Inc. grew its holdings in Vertex by 26.0% in the fourth quarter. Franklin Resources Inc. now owns 2,129,099 shares of the company’s stock worth $113,587,000 after purchasing an additional 439,054 shares during the period. Finally, Invesco Ltd. increased its stake in Vertex by 342.5% in the fourth quarter. Invesco Ltd. now owns 1,513,660 shares of the company’s stock valued at $80,754,000 after purchasing an additional 1,171,576 shares in the last quarter. 70.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $56.48, for a total value of $3,041,052.64. Following the sale, the insider now directly owns 1,229,257 shares of the company’s stock, valued at approximately $69,428,435.36. This represents a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Bryan T.R. Rowland sold 43,228 shares of Vertex stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $35.98, for a total transaction of $1,555,343.44. Following the transaction, the general counsel now directly owns 132 shares of the company’s stock, valued at $4,749.36. This represents a 99.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.58% of the company’s stock.

Vertex Company Profile

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.