Stock Ideas
New
Stocks
Funds
Screener
Sectors
Watchlists
VERX

VERX - Vertex Inc Stock Price, Fair Value and News

35.29USD-0.03 (-0.08%)Market Closed

Market Summary

VERX
USD35.29-0.03
Market Closed
-0.08%

VERX Alerts

  • 1 major insider sales recently.
  • Big jump in Earnings (Y/Y)

VERX Stock Price

View Fullscreen

VERX RSI Chart

VERX Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

254.8

Price/Sales (Trailing)

3.3

EV/EBITDA

34.17

Price/Free Cashflow

47.14

VERX Price/Sales (Trailing)

VERX Profitability

EBT Margin

-2.51%

Return on Equity

3.09%

Return on Assets

1.02%

Free Cashflow Yield

2.12%

VERX Fundamentals

VERX Revenue

Revenue (TTM)

596.4M

Rev. Growth (Yr)

18.1%

Rev. Growth (Qtr)

1.21%

VERX Earnings

Earnings (TTM)

7.7M

Earnings Growth (Yr)

114.8%

Earnings Growth (Qtr)

-82.5%

Breaking Down VERX Revenue

Last 7 days

2.9%

Last 30 days

11.0%

Last 90 days

18.4%

Trailing 12 Months

75.1%

How does VERX drawdown profile look like?

VERX Financial Health

Current Ratio

0.6

Debt/Equity

0.17

Debt/Cashflow

2.2

VERX Investor Care

Shares Dilution (1Y)

23.79%

Diluted EPS (TTM)

0.05

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024596.4M000
2023509.4M529.8M548.6M572.4M
2022442.3M456.6M472.2M491.6M
2021383.7M397.3M413.4M425.5M
2020336.1M349.0M361.2M374.7M
20190288.8M305.1M321.5M
2018000272.4M
GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

PurpleZone


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Vertex Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 12, 2024
radcliffe amanda westphal
acquired
-
-
5,705
-
Jun 12, 2024
saunders philip seth
acquired
-
-
5,705
-
Jun 12, 2024
thompson stefanie westphal
acquired
-
-
5,705
-
Jun 12, 2024
stamm john richard
acquired
-
-
5,705
-
Jun 12, 2024
andersen eric c.
acquired
-
-
5,705
-
Jun 12, 2024
gayton bradley m
acquired
-
-
5,705
-
Jun 05, 2024
westphal jeffrey
sold
-49,395,000
32.93
-1,500,000
-
Apr 30, 2024
westphal jeffrey
acquired
-
-
2,500,000
-
Apr 05, 2024
westphal jeffrey
sold
-23,773,500
30.05
-791,133
-
Mar 27, 2024
2020 irrevocable trust for benefit of nicholas a. shuhan
sold
-927,543
30.221
-30,692
-

1–10 of 50

Which funds bought or sold VERX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
new
-
4,690
4,690
-%
May 24, 2024
Cetera Investment Advisers
new
-
534,711
534,711
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
6.27
295,524
1,464,610
-%
May 16, 2024
COMERICA BANK
added
12.06
1,782,170
7,331,730
0.03%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-45.64
-860,499
1,535,250
-%
May 15, 2024
Schonfeld Strategic Advisors LLC
reduced
-43.14
-2,203,240
4,478,830
0.03%
May 15, 2024
Squarepoint Ops LLC
new
-
841,767
841,767
-%
May 15, 2024
Sculptor Capital LP
new
-
4,798,240
4,798,240
0.09%
May 15, 2024
VOLORIDGE INVESTMENT MANAGEMENT, LLC
reduced
-7.65
382,607
4,694,190
0.02%
May 15, 2024
BOOTHBAY FUND MANAGEMENT, LLC
reduced
-17.64
-43,944
1,470,490
0.03%

1–10 of 47

Are Funds Buying or Selling VERX?

Are funds buying VERX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own VERX
No. of Funds

Unveiling Vertex Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
tensile capital management lp
8.48%
5,114,805
SC 13G/A
Feb 14, 2024
alger associates inc
7.3%
4,416,964
SC 13G/A
Feb 13, 2024
vanguard group inc
9.12%
5,555,808
SC 13G/A
Feb 12, 2024
radcliffe amanda westphal
21.7%
33,262,062
SC 13G/A
Feb 12, 2024
neuberger berman group llc
6.02%
3,669,050
SC 13G/A
Jan 05, 2024
conestoga capital advisors, llc
5.01%
3,021,860
SC 13G/A
Dec 07, 2023
jpmorgan chase & co
3.5%
2,145,857
SC 13G/A
Feb 14, 2023
tensile capital management lp
12.25%
5,970,258
SC 13G/A
Feb 14, 2023
alger associates inc
7.7%
3,750,112
SC 13G/A
Feb 10, 2023
radcliffe amanda westphal
21.8%
32,449,126
SC 13G/A

Recent SEC filings of Vertex Inc

View All Filings
Date Filed Form Type Document
Jun 14, 2024
4
Insider Trading
Jun 14, 2024
4
Insider Trading
Jun 14, 2024
4
Insider Trading
Jun 14, 2024
4
Insider Trading
Jun 14, 2024
4
Insider Trading
Jun 14, 2024
4
Insider Trading
Jun 07, 2024
4
Insider Trading
Jun 05, 2024
144
Notice of Insider Sale Intent
May 08, 2024
10-Q
Quarterly Report
May 08, 2024
8-K
Current Report

Vertex Inc News

Latest updates
Defense World3 hours ago
MarketBeat12 Jun 202409:18 pm
GlobeNewswire08 May 202407:00 am

Vertex Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22018Q4
Revenue1.2%15715514514013313112611911511211110598.0010095.0091.0089.0086.0082.0078.00-
Gross Profit2.3%96.0094.0088.0086.0081.0082.0076.0071.0070.0068.0067.0068.0061.0063.0047.0050.0050.0056.0055.0051.00-
Operating Expenses1.3%97.0096.0090.0090.0090.0085.0076.0075.0070.0068.0070.0069.0059.0061.0097.0079.0078.0052.0043.0044.00-
  S&GA Expenses9.3%40.0037.0034.0034.0036.0036.0030.0032.0027.0028.0026.0025.0020.0021.0029.0025.0024.0019.0016.0017.00-
  R&D Expenses30.6%17.0013.0017.0013.0016.0012.0010.0010.0010.0011.0010.0012.0011.0011.0017.0014.0013.009.007.007.00-
EBITDA Margin17.0%0.09*0.08*0.09*0.09*0.09*0.10*0.10*0.10*0.10*0.10*0.10*-0.03*-0.10*--------
Interest Expenses92.9%-0.29-4.02-0.600.000.00-0.97-0.36-0.720.00-1.52-0.520.00--2.001.00--1.001.00-
Income Taxes79.2%-4.53-21.851.003.0010.001.00-0.091.001.000.00-0.19-1.88-0.683.00-34.63-0.980.00-0.750.000.00-
Earnings Before Taxes71.6%-1.85-6.51-2.61-3.97-8.58-4.35-1.23-5.020.00-0.33-4.13-1.072.003.00-51.80-30.06-28.814.0012.007.00-
EBT Margin33.8%-0.03*-0.04*-0.04*-0.03*-0.04*-0.02*-0.01*-0.02*-0.01*-0.01*0.00*-0.12*-0.20*--------
Net Income-82.5%3.0015.00-3.40-6.90-18.13-5.31-1.14-5.52-0.33-0.63-3.951.002.000.00-17.17-29.07-29.065.0012.007.00-
Net Income Margin156.6%0.01*-0.02*-0.06*-0.06*-0.06*-0.03*-0.02*-0.02*-0.01*0.00*0.00*-0.03*-0.11*--------
Free Cashflow-70.0%10.0034.0014.00-16.20-6.5628.003.00-1.97-11.2830.0018.0020.00-9.16--------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22019Q4
Assets-0.5%756760720725726719677690698670650613562559519258265
  Current Assets0.1%267267238234235243219224221196167223377403362134166
    Cash Equivalents-17.7%56.0068.0049.0042.0069.0010772.0086.0097.0073.0047.0010227831227047.0083.00
  Net PPE-0.1%10110110099.0010010198.0099.0098.0097.0098.0062.0057.0057.0056.0056.0055.00
  Goodwill-1.5%254258------------19.0019.0026.00
Liabilities-0.3%506507500499502489463469465440422382332329296559377
  Current Liabilities0.4%443441433431422403374369357369346327275292264279335
  Long Term Debt-1.4%43.0044.0045.0045.0046.0047.0047.0048.0049.00----0.000.001731.00
    LT Debt, Current0%3.003.003.003.003.002.002.002.001.00----1.001.001.0051.00
    LT Debt, Non Current-1.4%43.0044.0045.0045.0046.0047.0047.0048.0049.00----0.000.001731.00
Shareholder's Equity-1.1%250253220226223230214221233230228232230229222--
  Retained Earnings458.0%2.00-0.59-15.92-12.52-5.6213.0018.0019.0024.0025.0025.0029.0029.0026.0026.00-305-90.70
  Additional Paid-In Capital-0.5%274275265262254245238233228223216210206207201--
Shares Outstanding---97.0098.0098.00100101101107107108108120----
Float----836---330---486-----
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22018Q4
Cashflow From Operations-48.4%24,56647,63627,594-4,3893,49140,24915,0118,955-36737,62126,20329,430-2,96539,499-71227,173-6,41746,69912,949--
  Share Based Compensation112.2%16,3247,6917,7727,02211,4345,3465,2564,1944,9335,9107,4226,2856,5437,014-41,67634,9205,5301,310--
Cashflow From Investing1.9%-19,535-19,907-15,536-16,431-14,297-122,48315,25320,88514,297-11,565-68,609-200,088-14,516-7,829-6,399-8,491-21,656-11,900-9,288--
Cashflow From Financing94.4%-1,153-20,479-2,522-1,950-1,531-8,883-8,512-5,29139,780-3,146-14,69316,880-8,1401,197229,052-120,271103,654-5,145-890--
  Dividend Payments--------------32.005,706-17,1936,314---
Get Full Access to Grufity – and Unlimited Downloads
Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.
Try For Just $1.99

VERX Income Statement

2024-03-31
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:  
Total revenues$ 156,781$ 132,751
Cost of revenues:  
Total cost of revenues60,98951,747
Gross profit95,79281,004
Operating expenses:  
Research and development16,84515,862
Selling and marketing40,49135,736
General and administrative35,54234,310
Depreciation and amortization5,0063,741
Other operating expense (income), net(527)284
Total operating expenses97,35789,933
Loss from operations(1,565)(8,929)
Interest expense (income), net286(350)
Loss before income taxes(1,851)(8,579)
Income tax (benefit) expense(4,535)9,553
Net income (loss)2,684(18,132)
Other comprehensive (income) loss:  
Foreign currency translation adjustments, net of tax4,011(3,122)
Unrealized (gain) loss on investments, net of tax17(13)
Total other comprehensive (income) loss, net of tax4,028(3,135)
Total comprehensive loss(1,344)(14,997)
Software subscriptions  
Revenues:  
Total revenues131,830111,014
Cost of revenues:  
Total cost of revenues45,12837,403
Services  
Revenues:  
Total revenues24,95121,737
Cost of revenues:  
Total cost of revenues15,86114,344
Class A  
Other comprehensive (income) loss:  
Net income (loss) attributable to stockholders, basic$ 1,071$ (6,072)
Net income (loss) per share, basic (in dollars per share)$ 0.02$ (0.12)
Weighted average common stock, basic (in shares)61,56050,456
Net income (loss) attributable to stockholders, diluted$ 1,135$ (6,072)
Net income (loss) per share, diluted (in dollars per share)$ 0.02$ (0.12)
Weighted average common stock, diluted (in shares)67,92150,456
Class B  
Other comprehensive (income) loss:  
Net income (loss) attributable to stockholders, basic$ 1,613$ (12,060)
Net income (loss) per share, basic (in dollars per share)$ 0.02$ (0.12)
Weighted average common stock, basic (in shares)92,661100,221
Net income (loss) attributable to stockholders, diluted$ 1,549$ (12,060)
Net income (loss) per share, diluted (in dollars per share)$ 0.02$ (0.12)
Weighted average common stock, diluted (in shares)92,661100,221

VERX Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:  
Cash and cash equivalents$ 56,134$ 68,175
Funds held for customers36,54620,976
Accounts receivable, net of allowance of $20,241 and $16,272, respectively133,149141,752
Prepaid expenses and other current assets31,90626,173
Investment securities available-for-sale, at fair value (amortized cost of $9,123 and $9,550, respectively)9,1019,545
Total current assets266,836266,621
Property and equipment, net of accumulated depreciation100,594100,734
Capitalized software, net of accumulated amortization38,53238,771
Goodwill and other intangible assets255,681260,238
Deferred commissions21,30121,237
Deferred income tax asset44,31141,708
Operating lease right-of-use assets13,77314,605
Other assets14,77416,013
Total assets755,802759,927
Current liabilities:  
Current portion of long-term debt2,5002,500
Accounts payable22,43123,596
Accrued expenses36,75444,735
Customer funds obligations33,67017,731
Accrued salaries and benefits18,65912,277
Accrued variable compensation14,56234,105
Deferred revenue, current296,845290,143
Current portion of operating lease liabilities3,6333,717
Current portion of finance lease liabilities6074
Purchase commitment and contingent consideration liabilities, current13,39011,901
Total current liabilities442,504440,779
Deferred revenue, net of current portion4,1462,577
Debt, net of current portion43,45844,059
Operating lease liabilities, net of current portion15,52316,567
Finance lease liabilities, net of current portion4151
Purchase commitment and contingent consideration liabilities, net of current portion 2,600
Deferred other liabilities 313
Total liabilities505,672506,946
Commitments and contingencies (Note 11)
Stockholders' equity:  
Preferred shares, $0.001 par value, 30,000 shares authorized; no shares issued and outstanding
Additional paid in capital273,647275,155
Retained Earnings (Accumulated deficit)2,098(586)
Accumulated other comprehensive loss(25,770)(21,742)
Total stockholders' equity250,130252,981
Total liabilities and stockholders' equity755,802759,927
Class A  
Stockholders' equity:  
Common stock6261
Class B  
Stockholders' equity:  
Common stock$ 93$ 93
VERX
Vertex, Inc. provides tax technology solutions for retail, communication, leasing, retail trade, wholesale trade, technology, and manufacturing industries in the United States and internationally. It offers tax determination, compliance and reporting, tax data management, document management, analytics and insights, pre-built integration, and industry-specific solutions. The company sells its software products through software license and software as a service subscriptions. It also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing, and other tax-related services. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.
 CEO
 WEBSITEvertexinc.com
 INDUSTRYSoftware - Apps
 EMPLOYEES1400

Vertex Inc Frequently Asked Questions


What is the ticker symbol for Vertex Inc? What does VERX stand for in stocks?

VERX is the stock ticker symbol of Vertex Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Vertex Inc (VERX)?

As of Fri Jun 14 2024, market cap of Vertex Inc is 1.97 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of VERX stock?

You can check VERX's fair value in chart for subscribers.

What is the fair value of VERX stock?

You can check VERX's fair value in chart for subscribers. The fair value of Vertex Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Vertex Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for VERX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Vertex Inc a good stock to buy?

The fair value guage provides a quick view whether VERX is over valued or under valued. Whether Vertex Inc is cheap or expensive depends on the assumptions which impact Vertex Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for VERX.

What is Vertex Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Jun 14 2024, VERX's PE ratio (Price to Earnings) is 254.8 and Price to Sales (PS) ratio is 3.3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. VERX PE ratio will change depending on the future growth rate expectations of investors.