Vertex (VERX) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $48.78 to $50.01
• 50-Day Range: $35.25 to $51.99
• 52-Week Range: $23.31 to $52.93
• Volume: 935,293 shs
• Average Volume: 895,843 shs
• Market Capitalization: $7.64 billion
• P/E Ratio: 272.78
• Dividend Yield: N/A
• Price Target: $52.30
• Consensus Rating: Moderate Buy

Vertex Stock Analysis - MarketRank™

Vertex scored higher than 67% of companies evaluated by MarketBeat, and ranked 323rd out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Vertex has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Vertex has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 26.32%

Earnings Growth

Earnings for Vertex are expected to grow by 26.32% in the coming year, from $0.38 to $0.48 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Vertex is 272.78, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 111.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Vertex is 272.78, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 208.53.

Price to Earnings Growth Ratio

Vertex has a PEG Ratio of 9.22. 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 29.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.72% 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 7.9.

Change versus previous month

Short interest in Vertex has recently decreased by 5.40%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Vertex does not currently pay a dividend.

Dividend Growth

Vertex does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.72% 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 7.9.

Change versus previous month

Short interest in Vertex has recently decreased by 5.40%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.54

News Sentiment

Vertex has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Vertex this week, compared to 6 articles on an average week.

Search Interest

2 people have searched for VERX on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Vertex to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

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 $187,345,650.00 in company stock.

Percentage Held by Insiders

44.58% 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.

VERX Stock Analysis - Frequently Asked Questions

How have VERX shares performed this year?

Vertex's stock was trading at $26.94 on January 1st, 2024. Since then, VERX stock has increased by 82.3% and is now trading at $49.10.
View the best growth stocks for 2024 here.

How were Vertex's earnings last quarter?

Vertex, Inc. (NASDAQ:VERX) released its quarterly earnings data on Wednesday, November, 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business's revenue for the quarter was up 17.5% compared to the same quarter last year.

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 $14.00-$16.00 per share. Goldman Sachs and Morgan Stanley acted 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 top institutional shareholders include Tensile Capital Management LP (2.61%), Fred Alger Management LLC (1.64%), FMR LLC (1.47%) and Conestoga Capital Advisors LLC (1.47%). Insiders that own company stock include Tensile Capital Management Lp, Item Second Irr Trust Fbo Kyl, Item Second Irr Trust Fbo Ann, Item Second Irr Trust Fbo Jac, David Destefano, Eric C Andersen, John R Schwab, Kevin L Robert, John Richard Stamm, Jeffrey Westphal, Jeffery Westphal, Bryan TR Rowland, Lisa Butler and 2020 Irrevocable Trust For Ben.
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.

What other stocks do shareholders of Vertex own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Vertex investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Broadcom (AVGO) and Intel (INTC).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• 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: $52.30
• High Stock Price Target: $62.00
• Low Stock Price Target: $34.00
• Potential Upside/Downside: +6.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.82
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.18
• Trailing P/E Ratio: 272.78
• Forward P/E Ratio: 129.21
• P/E Growth: 9.28
• Net Income: $-13,090,000.00
• Net Margins: 4.73%
• Pretax Margin: 1.06%
• Return on Equity: 24.92%
• Return on Assets: 6.65%

Debt

• Debt-to-Equity Ratio: 1.29
• Current Ratio: 1.04
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $572.39 million
• Price / Sales: 13.34
• Cash Flow: $0.73 per share
• Price / Cash Flow: 67.15
• Book Value: $1.67 per share
• Price / Book: 29.40

Miscellaneous

• Outstanding Shares: 155,520,000
• Free Float: 86,190,000
• Market Cap: $7.64 billion
• Optionable: Optionable
• Beta: 0.67