DA Davidson Analysts Raise Earnings Estimates for Vertex

Vertex, Inc. (NASDAQ:VERX - Free Report) - Investment analysts at DA Davidson increased their Q1 2025 earnings estimates for shares of Vertex in a research report issued on Tuesday, April 15th. DA Davidson analyst W. Jellison now anticipates that the company will post earnings of $0.09 per share for the quarter, up from their prior forecast of $0.08. DA Davidson has a "Buy" rating and a $50.00 price objective 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.

A number of other equities analysts also recently commented on VERX. Stifel Nicolaus downgraded Vertex from a "buy" rating to a "hold" rating and decreased their target price for the company from $58.00 to $31.00 in a research note on Friday, February 28th. The Goldman Sachs Group cut their target price on Vertex from $64.00 to $48.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Raymond James reaffirmed a "market perform" rating on shares of Vertex in a report on Friday, January 3rd. Morgan Stanley decreased their target price on shares of Vertex from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $60.00 price objective on shares of Vertex in a report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Vertex presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.91.

Vertex Stock Performance

VERX traded up $0.31 during trading hours on Wednesday, hitting $39.25. 692,229 shares of the stock were exchanged, compared to its average volume of 1,031,686. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 1.04. Vertex has a 12 month low of $27.22 and a 12 month high of $60.71. The stock has a 50-day simple moving average of $37.97 and a 200-day simple moving average of $46.35. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 218.06, a price-to-earnings-growth ratio of 6.66 and a beta of 0.80.

Vertex (NASDAQ:VERX - Get Free Report) last released its 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 company had revenue of $178.46 million during the quarter, compared to the consensus estimate of $176.90 million.

Institutional Investors Weigh In On Vertex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VERX. Fairman Group LLC acquired a new stake in Vertex during the fourth quarter valued at $327,000. Empowered Funds LLC bought a new stake in shares of Vertex in the 4th quarter valued at approximately $3,363,000. Triasima Portfolio Management inc. acquired a new position in Vertex in the fourth quarter worth approximately $3,135,000. Principal Financial Group Inc. increased its holdings in Vertex by 1,100.4% in the fourth quarter. Principal Financial Group Inc. now owns 572,245 shares of the company's stock worth $30,530,000 after buying an additional 524,572 shares during the last quarter. Finally, Callan Family Office LLC bought a new position in Vertex during the fourth quarter valued at about $534,000. Hedge funds and other institutional investors own 70.32% of the company's stock.

Insider Activity

In other news, General Counsel Bryan T.R. Rowland sold 43,228 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $35.98, for a total value of $1,555,343.44. Following the transaction, the general counsel now owns 132 shares in the company, valued at $4,749.36. This represents a 99.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $56.48, for a total transaction of $3,041,052.64. Following the sale, the insider now 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 ownership of the stock. 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.