Vertex (NASDAQ:VERX) Announces Earnings Results

Vertex (NASDAQ:VERX) released its earnings results on Thursday. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03), Zacks reports. 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 Trading Down 19.0 %

VERX traded down $8.09 on Thursday, reaching $34.54. 7,573,544 shares of the company’s stock were exchanged, compared to its average volume of 1,125,022. The company’s 50 day moving average is $52.90 and its 200-day moving average is $46.83. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 191.89, a PEG ratio of 6.66 and a beta of 0.78. Vertex has a twelve month low of $24.86 and a twelve month high of $60.71. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.04.

Analysts Set New Price Targets

Several research firms recently commented on VERX. Citigroup boosted their price objective on shares of Vertex from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Jefferies Financial Group upgraded shares of Vertex from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $50.00 in a research report on Monday, November 4th. Robert W. Baird upped their target price on shares of Vertex from $43.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of Vertex from $42.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, DA Davidson started coverage on shares of Vertex in a report on Tuesday, December 31st. They issued a “buy” rating and a $62.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.36.

Insider Buying and Selling

In other Vertex news, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were 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 owns 1,229,257 shares of the company’s stock, valued at $69,428,435.36. This trade represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Westphal sold 575,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $53.01, for a total transaction of $30,480,750.00. Following the completion of the sale, the insider now directly owns 7,895 shares of the company’s stock, valued at $418,513.95. This trade represents a 98.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 858,457 shares of company stock valued at $46,160,958. 44.58% of the stock is currently owned by corporate insiders.

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.