Vertex (NASDAQ:VERX) Shares Gap Down – What’s Next?

Vertex, Inc. (NASDAQ:VERX) shares gapped down before the market opened on Monday . The stock had previously closed at $22.90, but opened at $21.79. Vertex shares last traded at $19.8560, with a volume of 619,915 shares.

Analysts Set New Price Targets

Several analysts have recently issued reports on VERX shares. DA Davidson upgraded Vertex to a “hold” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $35.00 price target on shares of Vertex in a research note on Tuesday, October 21st. Stephens initiated coverage on Vertex in a research note on Friday, September 26th. They set an “overweight” rating and a $30.00 price target for the company. The Goldman Sachs Group set a $43.00 target price on Vertex and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Vertex in a research report on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Vertex Price Performance

The stock has a 50-day simple moving average of $24.89 and a 200 day simple moving average of $31.77. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $3.11 billion, a P/E ratio of -59.51, a P/E/G ratio of 4.64 and a beta of 0.64.

Vertex (NASDAQ:VERX) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Vertex had a positive return on equity of 27.16% and a negative net margin of 7.09%.The company had revenue of $192.11 million during the quarter, compared to the consensus estimate of $191.62 million. During the same quarter last year, the company earned $0.16 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Vertex has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts expect that Vertex, Inc. will post 0.38 EPS for the current year.

Institutional Trading of Vertex

A number of hedge funds have recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Vertex by 31.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,467 shares of the company’s stock worth $52,000 after buying an additional 347 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Vertex in the 2nd quarter worth approximately $54,000. Blue Trust Inc. raised its holdings in shares of Vertex by 44.4% in the 2nd quarter. Blue Trust Inc. now owns 1,664 shares of the company’s stock worth $59,000 after buying an additional 512 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Vertex by 25.7% in the 1st quarter. Advisors Asset Management Inc. now owns 1,933 shares of the company’s stock worth $68,000 after buying an additional 395 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Vertex by 88.1% in the 1st quarter. US Bancorp DE now owns 2,024 shares of the company’s stock worth $71,000 after buying an additional 948 shares in the last quarter. Institutional investors own 70.32% 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.