Vertex Inc (NASDAQ: VERX) is 87.75% higher on its value in year-to-date trading and has touched a low of $23.31 and a high of $52.93 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 $49.75 in the last trading session, with the day’s gains setting it 0.83%.
Currently trading at $50.58, the stock is 12.79% and 23.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 1.67% at the moment leaves the stock 46.23% off its SMA200. VERX registered 85.14% gain for a year compared to 6-month gain of 59.06%. The firm has a 50-day simple moving average (SMA 50) of $40.622 and a 200-day simple moving average (SMA200) of $34.4606.
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The stock witnessed a 22.59% loss in the last 1 month and extending the period to 3 months gives it a 39.11%, and is 1.65% 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 3.41% over the week and 3.25% over the month.
Vertex Inc (VERX) has around 1500 employees, a market worth around $7.89B and $643.23M in sales. Current P/E ratio is 269.47 and Fwd P/E is 73.39. Profit margin for the company is 4.73%. Distance from 52-week low is 116.99% and -4.44% from its 52-week high. The company has generated returns on investments over the last 12 months (5.01%).
The EPS is expected to grow by 52.71% this year
304.0 institutions hold shares in Vertex Inc (VERX), with institutional investors hold 132.76% of the company’s shares. The shares outstanding are 60.99M, and float is at 58.63M with Short Float at 9.86%. Institutions hold 105.51% 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 Westphal Jeffrey, the company’s 10% Owner. SEC filings show that Westphal Jeffrey sold 2,485,000 shares of the company’s common stock on Nov 11 ’24 at a price of $48.90 per share for a total of $121.52 million. Following the sale, the insider now owns 0.0 shares.
Vertex Inc disclosed in a document filed with the SEC on Nov 08 ’24 that ITEM SECOND IRR. TRUST FBO JAC (13(D) GROUP MEMBER) sold a total of 114,870 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $52.32 per share for $6.01 million. Following the transaction, the insider now directly holds 0.79 million shares of the VERX stock.
Still, SEC filings show that on Nov 07 ’24, ITEM SECOND IRR. TRUST FBO JAC (13(D) GROUP MEMBER) disposed off 26,645 shares at an average price of $51.40 for $1.37 million. The insider now directly holds 906,061 shares of Vertex Inc (VERX).
