In the last trading session, 1.5 million Vertex Inc (NASDAQ:VERX) shares changed hands as the company’s beta touched 0.82. With the company’s per share price at $34.65 changed hands at $0.11 or 0.32% during last session, the market valuation stood at $5.48B. VERX’s last price was a discount, traded about -75.21% off its 52-week high of $60.71. The share price had its 52-week low at $27.22, which suggests the last value was 21.44% up since then. When we look at Vertex Inc’s average trading volume, we note the 10-day average is 1.85 million shares, with the 3-month average coming to 1.29 million.
Analysts gave the Vertex Inc (VERX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.85. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended VERX as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Vertex Inc’s EPS for the current quarter is expected to be 0.13.
Vertex Inc (NASDAQ:VERX) trade information
Instantly VERX was in green as seen at the end of in last trading. With action 7.78%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -35.05%, with the 5-day performance at 7.78% in the green. However, in the 30-day time frame, Vertex Inc (NASDAQ:VERX) is -25.50% down. Looking at the short shares, we see there were 5.83 million shares sold at short interest cover period of 4.1 days.
The consensus price target for the stock as assigned by Wall Street analysts is 55, meaning bulls need an upside of 37.0% from its current market value. According to analyst projections, VERX’s forecast low is 45 with 62 as the target high. To hit the forecast high, the stock’s price needs a -78.93% plunge from its current level, while the stock would need to soar -29.87% for it to hit the projected low.
Vertex Inc (VERX) estimates and forecasts
Year-over-year growth is forecast to reach 14.63% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 176.9M. 12 analysts are of the opinion that Vertex Inc’s revenue for the current quarter will be 185.34M. The company’s revenue for the corresponding quarters a year ago was 156.78M and 161.1M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.83%. The estimates for the next quarter sales put growth at 15.04%.
The 2025 estimates are for Vertex Inc earnings to increase by 3.40%, but the outlook for the next 5-year period is at 22.81% per year.
VERX Dividends
Vertex Inc is expected to release its next quarterly earnings report on 2025-Feb-26.
Vertex Inc (NASDAQ:VERX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.35% of Vertex Inc shares while 104.78% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 113.10%. There are 104.78% institutions holding the Vertex Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.1416% of the shares, roughly 6.39 million VERX shares worth $230.26 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.0242% or 4.66 million shares worth $168.13 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Neuberger & Berman Genesis Fund and Vanguard Total Stock Market Index Fund . With 2.3 shares estimated at $79.6 million under it, the former controlled 3.20% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.60% of the shares, roughly 1.86 shares worth around $64.56 million.
