Vertex Inc (NASDAQ: VERX) is 58.54% higher on its value in year-to-date trading and has touched a low of $21.92 and a high of $42.38 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 $41.26 in the last trading session, with the day’s gains setting it 1.45%.
Currently trading at $42.71, the stock is 8.13% and 13.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 3.51% at the moment leaves the stock 30.96% off its SMA200. VERX registered 86.59% gain for a year compared to 6-month gain of 46.22%. The firm has a 50-day simple moving average (SMA 50) of $37.4428 and a 200-day simple moving average (SMA200) of $32.53515.
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The stock witnessed a 18.24% loss in the last 1 month and extending the period to 3 months gives it a 14.72%, and is 4.09% 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 2.95% over the week and 3.31% over the month.
Vertex Inc (VERX) has around 1500 employees, a market worth around $6.64B and $617.83M in sales. Current P/E ratio is 353.56 and Fwd P/E is 61.68. Profit margin for the company is 3.20%. Distance from 52-week low is 94.84% and 0.78% 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
296.0 institutions hold shares in Vertex Inc (VERX), with institutional investors hold 135.29% of the company’s shares. The shares outstanding are 60.99M, and float is at 57.74M with Short Float at 12.12%. Institutions hold 106.85% 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 ITEM SECOND IRR. TRUST FBO JAC, the company’s 13(D) GROUP MEMBER. SEC filings show that ITEM SECOND IRR. TRUST FBO JAC sold 56,419 shares of the company’s common stock on Oct 14 ’24 at a price of $40.77 per share for a total of $2.3 million. Following the sale, the insider now owns 0.93 million shares.
Vertex Inc disclosed in a document filed with the SEC on Oct 11 ’24 that ITEM SECOND IRR. TRUST FBO JAC (13(D) GROUP MEMBER) sold a total of 46,098 shares of the company’s common stock. The trade occurred on Oct 11 ’24 and was made at $40.48 per share for $1.87 million. Following the transaction, the insider now directly holds 0.99 million shares of the VERX stock.
Still, SEC filings show that on Oct 10 ’24, ITEM SECOND IRR. TRUST FBO JAC (13(D) GROUP MEMBER) disposed off 32,629 shares at an average price of $39.73 for $1.3 million. The insider now directly holds 1,035,223 shares of Vertex Inc (VERX).
