Vertex (NASDAQ:VERX) Releases Quarterly Earnings Results

Vertex (NASDAQ:VERX - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03), Zacks reports. The business had revenue of $178.46 million during the quarter, compared to analysts' expectations of $176.90 million. Vertex had a net margin of 4.73% and a return on equity of 24.92%. Vertex updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Vertex Stock Performance

Shares of VERX stock traded down $0.17 during midday trading on Monday, hitting $32.12. The company had a trading volume of 2,495,622 shares, compared to its average volume of 1,228,137. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 1.04. The company's 50 day simple moving average is $52.09 and its 200 day simple moving average is $46.87. Vertex has a 52-week low of $27.22 and a 52-week high of $60.71. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 178.44, a PEG ratio of 6.66 and a beta of 0.78.

Insider Activity at Vertex

In other news, major shareholder Item Second Irr. Trust Fbo Kyl sold 13,346 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $55.13, for a total transaction of $735,764.98. Following the completion of the transaction, the insider now directly owns 1,344,754 shares of the company's stock, valued at approximately $74,136,288.02. This represents a 0.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 owns 7,895 shares in the company, valued at $418,513.95. The trade was a 98.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 858,457 shares of company stock worth $46,160,958 in the last three months. Insiders own 44.58% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on VERX shares. Morgan Stanley increased their target price on Vertex from $50.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. 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 note on Monday. Robert W. Baird cut their price target on Vertex from $62.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday. Citigroup raised their target price on Vertex from $46.00 to $54.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group cut their price target on shares of Vertex from $62.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Vertex presently has a consensus rating of "Moderate Buy" and an average price target of $50.00.

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.