VertexVERX
VERX
About: Vertex Inc is a provider of tax technology and services. Its software, content, and services help customers stay in compliance with indirect taxes that occur in taxing jurisdictions all over the world. Vertex provides cloud-based and on-premise solutions to specific industries for every line of tax, including income, sales, consumer use, value-added, and payroll. The company offers solutions such as tax determination, Tax Data Management, document management, and compliance and reporting among others. The company derives revenue from software subscriptions.
Employees: 1,900
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
27,959% more call options, than puts
Call options by funds: $159M | Put options by funds: $565K
175% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 20
48% more capital invested
Capital invested by funds: $2.67B [Q3] → $3.94B (+$1.27B) [Q4]
21% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 77
20% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 6 (+1) [Q4]
15% more funds holding
Funds holding: 216 [Q3] → 249 (+33) [Q4]
6.0% more ownership
Funds ownership: 105.84% [Q3] → 111.84% (+6.0%) [Q4]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$31
23%
downside
Avg. target
$50
24%
upside
High target
$61
52%
upside
8 analyst ratings
7 positive
88%
1 neutral
13%
0 negative
0%
Morgan Stanley Stan Zlotsky 50% 1-year accuracy 2 / 4 met price target | 37%upside $55 | Overweight Maintained | 16 Apr 2025 |
DA Davidson William Jellison 60% 1-year accuracy 3 / 5 met price target | 25%upside $50 | Buy Maintained | 14 Apr 2025 |
Citizens Capital Markets Patrick Walravens 25% 1-year accuracy 29 / 114 met price target | 52%upside $61 | Market Outperform Reiterated | 20 Mar 2025 |
Needham Joshua Reilly 38% 1-year accuracy 30 / 78 met price target | 50%upside $60 | Buy Reiterated | 20 Mar 2025 |
Goldman Sachs Adam Hotchkiss 38% 1-year accuracy 9 / 24 met price target | 20%upside $48 | Buy Maintained | 3 Mar 2025 |
Financial journalist opinion
Based on 4 articles about VERX published over the past 30 days
Positive
Zacks Investment Research
12 hours ago
Vertex (VERX) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Vertex (VERX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
GlobeNewsWire
15 hours ago
Vertex Announces Strategic Investment in AI Tax Compliance Startup Kintsugi
KING OF PRUSSIA, Pa., April 30, 2025 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a global provider of indirect tax technology solutions, today announced it has completed a strategic investment in Kintsugi, a San Francisco-based, AI-native startup focused on automating sales tax compliance for small and mid-size businesses (SMBs). Terms of the agreement include a $15 million minority investment representing a 10 percent ownership interest, as well as IP sharing and a commercial arrangement. Additionally, Vertex will join the Kintsugi Board of Directors.
Positive
Zacks Investment Research
1 day ago
Will Vertex (VERX) Beat Estimates Again in Its Next Earnings Report?
Vertex (VERX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Neutral
GlobeNewsWire
2 weeks ago
Vertex Expands Chief Strategy Office to Advance E-Invoicing and Global Compliance Initiatives
Leading industry experts join the Vertex Chief Strategy Office to shape product innovation and strengthen global compliance strategies for customers Leading industry experts join the Vertex Chief Strategy Office to shape product innovation and strengthen global compliance strategies for customers
Positive
Seeking Alpha
1 month ago
Vertex: Expectations Reset With Improved Fundamentals (Rating Upgrade)
I upgrade my rating for Vertex stock to buy due to the recent valuation pullback, creating an attractive entry point at 7x forward revenue. VERX's cloud growth momentum remains strong, with a 27% y/y increase in 4Q24 and management projecting 28% y/y growth for FY25. ERP migrations from SAP and Oracle provide a multiyear pipeline, with a $1.8 billion TAM through 2028, supporting ARR growth.
Positive
Benzinga
1 month ago
Goldman Sachs Analyst Anticipates Clarity On Vertex's Investment Roadmap And Product Monetization At Investor Day
Goldman Sachs analyst Adam Hotchkiss expressed expectations on Vertex, Inc. VERX ahead of its first Investor Day as a public company on March 19.
Neutral
GlobeNewsWire
1 month ago
Vertex, Inc. to Host 2025 Investor Day
KING OF PRUSSIA, Pa., March 11, 2025 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) today announced that it will host an Investor Day on Wednesday, March 19, in Philadelphia, PA. The event will feature presentations and a question-and-answer session with several members of the Company's executive leadership team.
Neutral
Seeking Alpha
2 months ago
Vertex, Inc. (VERX) Q4 2024 Earnings Call Transcript
Vertex, Inc. (NASDAQ:VERX ) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Joe Crivelli – Vice President of Investor Relations David DeStefano – President and Chief Executive Officer John Schwab – Chief Financial Officer Conference Call Participants Rob Oliver – Baird Chris Quintero – Morgan Stanley Joshua Reilly – Needham Samad Samana – Jefferies Steve Enders – Citi Daniel Jester – BMO Capital Markets Jacob Roberge – William Blair Alex Sklar – Raymond James Patrick Walravens – Citizens William Jellison – D.A. Davidson Adam Hotchkiss – Goldman Sachs Operator Good morning and welcome to the Vertex Incorporated Fourth Quarter 2024 Earnings Conference Call.
Positive
Zacks Investment Research
2 months ago
Here's What Key Metrics Tell Us About Vertex (VERX) Q4 Earnings
The headline numbers for Vertex (VERX) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
2 months ago
Vertex (VERX) Tops Q4 Earnings and Revenue Estimates
Vertex (VERX) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.13 per share a year ago.
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