In today’s recent session, 0.49 million shares of the Vertex Inc (NASDAQ:VERX) have been traded, and its beta is 0.87. Most recently the company’s share price was $33.01, and it changed around $0.8 or 2.49% from the last close, which brings the market valuation of the company to $5.22B. VERX at last check was trading at a discount to its 52-week high of $60.71, offering almost -83.91% off that amount. The share price’s 52-week low was $27.22, which indicates that the recent value has risen by an impressive 17.54% since then.
Vertex Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.85. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 5 recommended VERX as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Vertex Inc is expected to report earnings per share of 0.13 for the current quarter.
Vertex Inc (NASDAQ:VERX) trade information
Instantly VERX has been showing a green trend so far today with a performance of 2.49% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 41.99 on recent trading dayincreased the stock’s daily price by 21.39%. The company’s shares are currently down -38.12% year-to-date, but still down -22.56% over the last five days. On the other hand, Vertex Inc (NASDAQ:VERX) is -42.60% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $58, which translates to bulls needing to increase their stock price by 43.09% from its current value. Analyst projections state that VERX is forecast to be at a low of $50 and a high of $62.
Vertex Inc (VERX) estimates and forecasts
The year-over-year growth rate is expected to be 14.63%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 176.9M in revenue for the current quarter. 12 analysts expect Vertex Inc to make 185.34M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 156.78M and 161.1M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.83%. Forecasts for the next quarter put sales growth at 15.04%. Vertex Inc earnings are expected to increase by 3.40% in 2025, but the outlook is positive 22.81% per year for the next five years.
Vertex Inc (NASDAQ:VERX)’s Major holders
BLACKROCK INC., with 3.0242% or 4.66 million shares worth $168.13 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Neuberger & Berman Genesis Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024. The former held 2.3 shares worth $75.78 million, making up 3.20% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.88 shares worth around $62.01 million, which represents about 2.62% of the total shares outstanding.
