Recent Investment Analysts’ Ratings Updates for Vertex (VERX)

Vertex (NASDAQ: VERX) has recently received a number of price target changes and ratings updates:

• 3/20/2025 – Vertex had its price target raised by analysts at Morgan Stanley from $57.00 to $60.00. They now have an “overweight” rating on the stock.
• 3/20/2025 – Vertex had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $60.00 price target on the stock.
• 3/3/2025 – Vertex had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $64.00 to $48.00. They now have a “buy” rating on the stock.
• 2/28/2025 – Vertex had its price target lowered by analysts at Robert W. Baird from $62.00 to $45.00. They now have an “outperform” rating on the stock.
• 2/28/2025 – Vertex was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $31.00 price target on the stock, down previously from $58.00.
• 2/28/2025 – Vertex had its price target lowered by analysts at DA Davidson from $62.00 to $55.00. They now have a “buy” rating on the stock.
• 2/28/2025 – Vertex had its price target lowered by analysts at Jefferies Financial Group Inc. from $62.00 to $48.00. They now have a “buy” rating on the stock.

Vertex Stock Performance

Shares of VERX stock opened at $36.16 on Friday. The business’s 50-day moving average price is $46.66 and its 200-day moving average price is $46.40. Vertex, Inc. has a 12 month low of $27.22 and a 12 month high of $60.71. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 200.89, a PEG ratio of 6.66 and a beta of 0.87. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29.

Vertex (NASDAQ:VERX) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). Vertex had a net margin of 4.73% and a return on equity of 24.92%. The firm had revenue of $178.46 million for the quarter, compared to analyst estimates of $176.90 million. Equities research analysts forecast that Vertex, Inc. will post 0.38 EPS for the current year.

Insider Transactions at Vertex

In other Vertex news, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of Vertex stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $56.48, for a total value of $3,041,052.64. Following the completion of the sale, the insider now directly 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 can be accessed through this hyperlink. 44.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertex

Hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC bought a new stake in Vertex in the fourth quarter worth approximately $38,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Vertex during the fourth quarter valued at approximately $40,000. Plato Investment Management Ltd bought a new stake in shares of Vertex during the fourth quarter valued at approximately $41,000. Armstrong Advisory Group Inc. bought a new stake in shares of Vertex during the fourth quarter valued at approximately $50,000. Finally, Advisors Asset Management Inc. increased its holdings 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 acquiring an additional 540 shares in the last quarter. 70.32% of the stock is currently owned by institutional investors.

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.