What is DA Davidson’s Forecast for Vertex FY2025 Earnings?

Vertex, Inc. (NASDAQ:VERX) – Investment analysts at DA Davidson boosted their FY2025 earnings estimates for shares of Vertex in a research note issued to investors on Thursday, May 8th. DA Davidson analyst W. Jellison now anticipates that the company will post earnings per share of $0.41 for the year, up from their previous forecast of $0.40. DA Davidson currently has a “Buy” rating and a $50.00 price target on the stock. The consensus estimate for Vertex’s current full-year earnings is $0.38 per share. DA Davidson also issued estimates for Vertex’s FY2026 earnings at $0.61 EPS.

Vertex (NASDAQ:VERX) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Vertex had a net margin of 4.73% and a return on equity of 24.92%. The company had revenue of $177.06 million during the quarter, compared to analyst estimates of $176.99 million. During the same period last year, the firm posted $0.15 EPS. Vertex’s revenue for the quarter was up 12.9% compared to the same quarter last year.

VERX has been the subject of a number of other reports. BNP Paribas started coverage on shares of Vertex in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $54.00 price target for the company. Stifel Nicolaus lowered shares of Vertex from a “buy” rating to a “hold” rating and reduced their price target for the stock from $58.00 to $31.00 in a research report on Friday, February 28th. The Goldman Sachs Group reduced their price target on shares of Vertex from $64.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Robert W. Baird reduced their price target on shares of Vertex from $62.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Finally, Morgan Stanley cut their target price on shares of Vertex from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Vertex presently has a consensus rating of “Moderate Buy” and an average price target of $50.73.

Vertex Stock Performance

VERX opened at $37.93 on Monday. Vertex has a 12-month low of $30.26 and a 12-month high of $60.71. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $6.00 billion, a PE ratio of 210.72, a P/E/G ratio of 6.66 and a beta of 0.78. The firm has a 50 day moving average of $36.95 and a two-hundred day moving average of $46.07.

Insider Activity

In related news, General Counsel Bryan T.R. Rowland sold 43,228 shares of Vertex stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $35.98, for a total value of $1,555,343.44. Following the sale, the general counsel now owns 132 shares of the company’s stock, valued at approximately $4,749.36. This trade represents a 99.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 44.58% of the company’s stock.

Institutional Investors Weigh In On Vertex

A number of institutional investors have recently added to or reduced their stakes in VERX. Invesco Ltd. grew its stake in Vertex by 342.5% in the 4th quarter. Invesco Ltd. now owns 1,513,660 shares of the company’s stock valued at $80,754,000 after acquiring an additional 1,171,576 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Vertex in the 4th quarter valued at $61,825,000. Fiera Capital Corp acquired a new stake in Vertex in the 1st quarter valued at $27,399,000. Conestoga Capital Advisors LLC grew its stake in Vertex by 30.3% in the 1st quarter. Conestoga Capital Advisors LLC now owns 2,947,740 shares of the company’s stock valued at $103,200,000 after acquiring an additional 686,145 shares during the period. Finally, Geneva Capital Management LLC grew its stake in Vertex by 42.1% in the 1st quarter. Geneva Capital Management LLC now owns 2,043,205 shares of the company’s stock valued at $71,533,000 after acquiring an additional 605,617 shares during the period. Institutional investors and hedge funds own 70.32% of the company’s stock.

Vertex Company Profile

Vertex, Inc, together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools, role-based security, and event logging; tax data management; document management; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions; and technology specific solutions, such as chain flow accelerator and SAP-specific tools.