Vertex Inc (NASDAQ: VERX) is -31.68% lower on its value in year-to-date trading and has touched a low of $27.22 and a high of $60.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VERX stock was last observed hovering at around $34.65 in the last trading session, with the day’s gains setting it 1.8%.
Currently trading at $36.45, the stock is 1.45% and -22.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing 5.19% at the moment leaves the stock -15.33% off its SMA200. VERX registered 22.27% gain for a year compared to 6-month gain of 0.16%. The firm has a 50-day simple moving average (SMA 50) of $47.0232 and a 200-day simple moving average (SMA200) of $43.05075.
The stock witnessed a -23.46% loss in the last 1 month and extending the period to 3 months gives it a -30.43%, and is 7.24% 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 4.36% over the week and 5.58% over the month.
Vertex Inc (VERX) has around 1900 employees, a market worth around $5.77B and $666.78M in sales. Fwd P/E is 45.53. Profit margin for the company is -7.91%. Distance from 52-week low is 33.90% and -39.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.00%).
with sales reaching $176.9M over the same period.The EPS is expected to grow by 3.45% this year, but quarterly earnings will post 14.63% year-over-year. Quarterly sales are estimated to grow 12.83% in year-over-year returns.
357.0 institutions hold shares in Vertex Inc (VERX), with institutional investors hold 113.10% of the company’s shares. The shares outstanding are 70.67M, and float is at 63.80M with Short Float at 9.14%. Institutions hold 104.78% 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 2.9869 and valued at over $$167.04 million, while FRED ALGER MANAGEMENT, LLC holds 2.6349 of the shares totaling 4.09 million with a market value of $$147.35 million.
Vertex Inc (VERX) Insider Activity
Vertex Inc disclosed in a document filed with the SEC on Mar 04 ’25 that Gayton Bradley M (Director) bought a total of 9,400 shares of the company’s common stock. The trade occurred on Mar 04 ’25 and was made at $31.85 per share for $0.3 million. Following the transaction, the insider now directly holds 47535.0 shares of the VERX stock.
Still, SEC filings show that on Jan 22 ’25, ITEM SECOND IRR. TRUST FBO KYL (10% Owner) disposed off 53,843 shares at an average price of $56.48 for $3.04 million. The insider now directly holds 1,229,257 shares of Vertex Inc (VERX).
