Vertex (NASDAQ:VERX) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Vertex (NASDAQ:VERX) posted its quarterly earnings data on Thursday. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03), Zacks reports. The company had revenue of $178.46 million for the quarter, compared to analysts’ expectations of $176.90 million. Vertex had a net margin of 4.73% and a return on equity of 24.92%. Vertex updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Vertex Trading Down 6.5 %

Shares of NASDAQ:VERX opened at $32.29 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. Vertex has a 52-week low of $27.22 and a 52-week high of $60.71. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 179.39, a PEG ratio of 6.66 and a beta of 0.78. The business has a 50-day moving average price of $52.09 and a 200-day moving average price of $46.72.

Insider Activity at Vertex

In other news, major shareholder Item Second Irr. Trust Fbo Kyl sold 13,346 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $55.13, for a total transaction of $735,764.98. Following the sale, the insider now owns 1,344,754 shares of the company’s stock, valued at $74,136,288.02. This trade represents a 0.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Destefano sold 216,268 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $55.04, for a total transaction of $11,903,390.72. Following the sale, the chief executive officer now directly owns 293,345 shares in the company, valued at approximately $16,145,708.80. The trade was a 42.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 858,457 shares of company stock worth $46,160,958 over the last quarter. Insiders own 44.58% of the company’s stock.

Wall Street Analyst Weigh In

VERX has been the subject of several research analyst reports. Needham & Company LLC increased their target price on Vertex from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. BMO Capital Markets raised their target price on shares of Vertex from $42.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Stifel Nicolaus downgraded Vertex from a “buy” rating to a “hold” rating and decreased their target price for the stock from $58.00 to $31.00 in a research report on Friday. Citigroup upped their target price on Vertex from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group lifted their price target on Vertex from $42.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.00.

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.