DA Davidson Issues Pessimistic Estimate for Vertex Earnings

Vertex, Inc. (NASDAQ:VERX) – Research analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of Vertex in a research report issued on Friday, February 28th. DA Davidson analyst W. Jellison now anticipates that the company will post earnings per share of $0.42 for the year, down from their prior estimate 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) last posted 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 business had revenue of $178.46 million during the quarter, compared to analysts’ expectations of $176.90 million.

A number of other brokerages also recently commented on VERX. Jefferies Financial Group reduced their price objective on Vertex from $62.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Robert W. Baird cut their price objective 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. The Goldman Sachs Group decreased their target price on shares of Vertex from $64.00 to $48.00 and set a “buy” rating on the stock in a report on Monday. Stifel Nicolaus cut shares of Vertex from a “buy” rating to a “hold” rating and dropped their price target for the company from $58.00 to $31.00 in a research note on Friday, February 28th. Finally, Needham & Company LLC upped their price objective on Vertex from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Vertex currently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

Vertex Trading Up 0.3 %

VERX opened at $32.21 on Monday. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 178.94, a price-to-earnings-growth ratio of 6.66 and a beta of 0.78. The company’s 50 day simple moving average is $51.67 and its two-hundred day simple moving average is $46.84. Vertex has a 1-year low of $27.22 and a 1-year high of $60.71. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 1.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of Vertex by 11.4% during the 4th quarter. Blue Trust Inc. now owns 2,516 shares of the company’s stock worth $134,000 after acquiring an additional 257 shares in the last quarter. Sheets Smith Wealth Management increased its stake in Vertex by 2.2% in the fourth quarter. Sheets Smith Wealth Management now owns 15,099 shares of the company’s stock valued at $806,000 after purchasing an additional 324 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in Vertex by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,678 shares of the company’s stock worth $303,000 after purchasing an additional 361 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Vertex by 6.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,313 shares of the company’s stock worth $320,000 after buying an additional 477 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Vertex by 126.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 968 shares of the company’s stock worth $37,000 after buying an additional 540 shares during the last quarter. 70.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vertex

In related news, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $56.48, for a total transaction of $3,041,052.64. Following the completion of the transaction, the insider now owns 1,229,257 shares in the company, valued at approximately $69,428,435.36. The trade was a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Westphal sold 575,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $53.01, for a total value of $30,480,750.00. Following the completion of the transaction, the insider now directly owns 7,895 shares in the company, valued at $418,513.95. This trade represents 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 in the last quarter. Corporate 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.