Vertex, Inc. (NASDAQ:VERX – Get Free Report) insider 2020 Irrevocable Trust For Ben sold 47,522 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $30.09, for a total transaction of $1,429,936.98. Following the sale, the insider now directly owns 81,361 shares of the company’s stock, valued at approximately $2,448,152.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Vertex Stock Up 1.7 %
VERX stock opened at $30.66 on Thursday. The stock has a market capitalization of $4.73 billion, a P/E ratio of -306.60, a P/E/G ratio of 7.75 and a beta of 0.63. The firm has a 50-day simple moving average of $27.26 and a 200-day simple moving average of $25.76. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.17. Vertex, Inc. has a 52 week low of $17.59 and a 52 week high of $35.38.
Vertex (NASDAQ:VERX – Get Free Report) last released its earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $154.91 million during the quarter, compared to analysts’ expectations of $146.44 million. Vertex had a negative net margin of 2.29% and a positive return on equity of 16.15%. Equities analysts forecast that Vertex, Inc. will post 0.36 earnings per share for the current fiscal year.
Institutional Trading of Vertex
Analysts Set New Price Targets
A number of equities research analysts recently commented on VERX shares. BMO Capital Markets increased their target price on shares of Vertex from $30.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. Needham & Company LLC increased their target price on shares of Vertex from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Jefferies Financial Group increased their target price on shares of Vertex from $27.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, March 1st. JMP Securities raised their price target on shares of Vertex from $31.00 to $42.00 and gave the stock a “market outperform” rating in a report on Friday, March 1st. Finally, Citigroup decreased their price target on shares of Vertex from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.78.
Read Our Latest Report on VERX
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.
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