Vertex Inc (NASDAQ: VERX) is 52.56% higher on its value in year-to-date trading and has touched a low of $21.87 and a high of $40.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VERX stock was last observed hovering at around $39.21 in the last trading session, with the day’s gains setting it 1.89%.
Currently trading at $41.10, the stock is 12.10% and 11.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 4.82% at the moment leaves the stock 29.12% off its SMA200. VERX registered 78.62% gain for a year compared to 6-month gain of 27.88%. The firm has a 50-day simple moving average (SMA 50) of $36.9638 and a 200-day simple moving average (SMA200) of $31.90035.
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The stock witnessed a 11.99% loss in the last 1 month and extending the period to 3 months gives it a 15.91%, and is 11.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.31% over the week and 3.12% over the month.
Vertex Inc (VERX) has around 1500 employees, a market worth around $6.39B and $617.83M in sales. Current P/E ratio is 340.23 and Fwd P/E is 59.35. Profit margin for the company is 3.20%. Distance from 52-week low is 87.89% and 2.62% from its 52-week high. The company has generated returns on investments over the last 12 months (3.40%).
The EPS is expected to grow by 45.33% this year
292.0 institutions hold shares in Vertex Inc (VERX), with institutional investors hold 135.06% of the company’s shares. The shares outstanding are 60.99M, and float is at 56.56M with Short Float at 11.18%. Institutions hold 106.67% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.39 million shares valued at $230.26 million. The investor’s holdings represent 4.1416 of the VERX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.66 million shares valued at $168.13 million to account for 3.0242 of the shares outstanding. The other top investors are TENSILE CAPITAL MANAGEMENT LP which holds 4.63 million shares representing 3.0045 and valued at over $167.04 million, while FRED ALGER MANAGEMENT, LLC holds 2.6504 of the shares totaling 4.09 million with a market value of $147.35 million.
Vertex Inc (VERX) Insider Activity
The most recent transaction is an insider sale by Stamm John Richard, the company’s Director. SEC filings show that Stamm John Richard sold 10,000 shares of the company’s common stock on Sep 12 ’24 at a price of $35.43 per share for a total of $0.35 million. Following the sale, the insider now owns 16635.0 shares.
Still, SEC filings show that on Aug 26 ’24, ITEM SECOND IRR. TRUST FBO KYL (10% Owner) disposed off 158,900 shares at an average price of $37.27 for $5.92 million. The insider now directly holds 1,430,100 shares of Vertex Inc (VERX).
