In the latest trading session,, 1.09 million Vertex Inc (NASDAQ:VERX) shares changed hands as the company’s beta touched 0.75. With the company’s most recent per share price at $37.81 changed hands at -$2.86 or -7.03% at last look, the market valuation stands at $5.99B. VERX’s current price is a discount, trading about -60.57% off its 52-week high of $60.71. The share price had its 52-week low at $30.26, which suggests the last value was 19.97% up since then. When we look at Vertex Inc’s average trading volume, we note the 10-day average is 0.93 million shares, with the 3-month average coming to 1.12 million.
Analysts gave the Vertex Inc (VERX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.80. 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 (NASDAQ:VERX) trade information
Instantly VERX was in red as seen in intraday trades today. With action -7.46%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -29.13%, with the 5-day performance at -7.46% in the red. However, in the 30-day time frame, Vertex Inc (NASDAQ:VERX) is -1.36% down. Looking at the short shares, we see there were 5.36 million shares sold at short interest cover period of 5.23 days.
The consensus price target for the stock as assigned by Wall Street analysts is 53, meaning bulls need an upside of 28.66% from its recent 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 -63.98% plunge from its current level, while the stock would need to soar -19.02% for it to hit the projected low.
The 2025 estimates are for Vertex Inc earnings to increase by 3.75%, 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-May-06.
Vertex Inc (NASDAQ:VERX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.74% of Vertex Inc shares while 110.68% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 121.28%. There are 110.68% institutions holding the Vertex Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.1173% of the shares, roughly 6.39 million VERX shares worth $230.26 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.0065% or 4.66 million shares worth $168.13 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were NEUBERGER BERMAN EQUITY FUNDS-Neuberger Berman Genesis Fund and Conestoga Funds-Conestoga Small Cap Fund . With 2.13 shares estimated at $80.54 million under it, the former controlled 2.96% of total outstanding shares. On the other hand, Conestoga Funds-Conestoga Small Cap Fund held about 2.89% of the shares, roughly 2.08 shares worth around $78.6 million.
