What is DA Davidson's Forecast for Vertex FY2025 Earnings?

Vertex, Inc. (NASDAQ:VERX - Free Report) - Equities research analysts at DA Davidson lowered their FY2025 EPS estimates for Vertex in a research note issued to investors on Friday, February 28th. DA Davidson analyst W. Jellison now forecasts that the company will post earnings per share of $0.42 for the year, down from their previous forecast of $0.49. DA Davidson has a "Buy" rating and a $55.00 price objective on the stock. The consensus estimate for Vertex's current full-year earnings is $0.38 per share.

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

VERX has been the topic of a number of other reports. JMP Securities reaffirmed a "market outperform" rating and set a $61.00 price target on shares of Vertex in a research report on Monday, December 9th. BMO Capital Markets raised their target price on shares of Vertex from $42.00 to $52.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. Robert W. Baird cut their price target on Vertex from $62.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Jefferies Financial Group lowered their price objective on Vertex from $62.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, Morgan Stanley lifted their price objective on Vertex from $50.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Vertex has an average rating of "Moderate Buy" and a consensus price target of $50.00.

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Vertex Stock Performance

Shares of VERX traded up $1.02 during midday trading on Monday, reaching $34.06. 2,655,989 shares of the stock were exchanged, compared to its average volume of 909,034. The stock's 50 day simple moving average is $50.84 and its 200 day simple moving average is $46.71. The company has a market cap of $5.31 billion, a P/E ratio of 189.22, a PEG ratio of 6.66 and a beta of 0.87. Vertex has a twelve month low of $27.22 and a twelve month high of $60.71. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Insider Activity at Vertex

In related news, CEO David Destefano sold 216,268 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $55.04, for a total value of $11,903,390.72. Following the completion of the transaction, the chief executive officer now owns 293,345 shares of the company's stock, valued at $16,145,708.80. This represents a 42.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Westphal sold 575,000 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $53.01, for a total transaction of $30,480,750.00. Following the sale, the insider now directly owns 7,895 shares in the company, valued at approximately $418,513.95. The trade was a 98.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 858,457 shares of company stock valued at $46,160,958 over the last ninety days. 44.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertex

A number of hedge funds and other institutional investors have recently bought and sold shares of VERX. Advisors Asset Management Inc. boosted its stake in shares of Vertex by 126.2% during the third quarter. Advisors Asset Management Inc. now owns 968 shares of the company's stock valued at $37,000 after purchasing an additional 540 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Vertex in the 4th quarter valued at approximately $38,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Vertex during the 4th quarter worth approximately $40,000. Plato Investment Management Ltd bought a new stake in Vertex during the 4th quarter worth approximately $41,000. Finally, Armstrong Advisory Group Inc. bought a new stake in Vertex during the 4th quarter worth approximately $50,000. Institutional investors own 70.32% of the company's stock.

About Vertex

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.