VERX - Vertex Inc Stock Price, Fair Value and News

30.30USD+1.04 (+3.55%)Market Closed

Market Summary

USD30.30+1.04

Market Closed

3.55%

VERX Alerts

1 major insider sales recently.

VERX Stock Price

View Fullscreen

VERX RSI Chart

VERX Valuation

Market Cap

1.8B

Price/Earnings (Trailing)

-139.61

Price/Sales (Trailing)

3.19

EV/EBITDA

39.17

Price/Free Cashflow

72.91

VERX Price/Sales (Trailing)

VERX Profitability

EBT Margin

-3.79%

Return on Equity

-5.18%

Return on Assets

-1.72%

Free Cashflow Yield

1.37%

VERX Fundamentals

VERX Revenue

Revenue (TTM)

572.4M

Rev. Growth (Yr)

18.14%

Rev. Growth (Qtr)

6.82%

VERX Earnings

Earnings (TTM)

-13.1M

Earnings Growth (Yr)

388.83%

Earnings Growth (Qtr)

551.13%

Breaking Down VERX Revenue

Last 7 days

3.7%

Last 30 days

-4.6%

Last 90 days

20.1%

Trailing 12 Months

50.1%

How does VERX drawdown profile look like?

VERX Financial Health

Current Ratio

0.6

Debt/Equity

0.17

Debt/Cashflow

1.69

VERX Investor Care

Shares Dilution (1Y)

23.79%

Diluted EPS (TTM)

-0.09

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	509.4M	529.8M	548.6M	572.4M
2022	442.3M	456.6M	472.2M	491.6M
2021	383.7M	397.3M	413.4M	425.5M
2020	336.1M	349.0M	361.2M	374.7M
2019	0	288.8M	305.1M	321.5M
2018	0	0	0	272.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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>

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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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	-
Mar 26, 2024	2020 irrevocable trust for benefit of nicholas a. shuhan	sold	-1,531,930	30.234	-50,669	-
Mar 26, 2024	item second irr. trust fbo anne marie westphal u/a of jeffrey r. westphal dated october 5, 2001	sold	-821,192	30.271	-27,128	-
Mar 25, 2024	item second irr. trust fbo jacob j. westphal u/a of jeffrey r. westphal dated october 5, 2001	sold	-85,847	30.027	-2,859	-
Mar 25, 2024	item second irr. trust fbo anne marie westphal u/a of jeffrey r. westphal dated october 5, 2001	sold	-1,431,550	30.093	-47,571	-
Mar 25, 2024	2020 irrevocable trust for benefit of nicholas a. shuhan	sold	-1,430,030	30.092	-47,522	-
Mar 21, 2024	item second irr. trust fbo anne marie westphal u/a of jeffrey r. westphal dated october 5, 2001	sold	-3,000	30.00	-100	-
Mar 21, 2024	2020 irrevocable trust for benefit of nicholas a. shuhan	sold	-3,000	30.00	-100	-

Which funds bought or sold VERX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 03, 2024	Pier Capital, LLC	added	3.4	2,287,760	12,733,000	1.75%
May 03, 2024	SIGNATUREFD, LLC	added	166	520	762	-%
May 03, 2024	RiverPark Advisors, LLC	added	361	396,800	486,214	0.40%
May 02, 2024	Quent Capital, LLC	unchanged	-	19.00	127	-%
May 02, 2024	Bryn Mawr Capital Management, LLC	unchanged	-	7,692,720	50,689,000	2.88%
May 02, 2024	KORNITZER CAPITAL MANAGEMENT INC /KS	unchanged	-	1,664,140	10,965,400	0.20%
May 01, 2024	Blue Trust, Inc.	sold off	-100	-	-	-%
May 01, 2024	Key Financial Inc	unchanged	-	-	943	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
May 01, 2024	Mirae Asset Global Investments Co., Ltd.	added	13.91	-269,786	1,339,260	-%

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

VERX Alerts

1 major insider sales recently.

Unveiling Vertex Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
May 03, 2024	DEFR14A	DEFR14A
May 02, 2024	4	Insider Trading
Apr 29, 2024	ARS	ARS
Apr 29, 2024	DEF 14A	DEF 14A
Apr 29, 2024	DEFA14A	DEFA14A
Apr 26, 2024	8-K	Current Report
Apr 24, 2024	8-K	Current Report
Apr 23, 2024	8-K	Current Report
Apr 09, 2024	4	Insider Trading
Apr 05, 2024	144	Notice of Insider Sale Intent

Vertex Inc News

Latest updates

Vertex Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																				(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Revenue	6.8%	155	145	140	133	131	126	119	115	112	111	105	98.00	100	95.00	91.00	89.00	86.00	82.00	78.00	-
Gross Profit	6.2%	94.00	88.00	86.00	81.00	82.00	76.00	71.00	70.00	68.00	67.00	68.00	61.00	63.00	47.00	50.00	50.00	56.00	55.00	51.00	-
Operating Expenses	6.6%	96.00	90.00	90.00	90.00	85.00	76.00	75.00	70.00	68.00	70.00	69.00	59.00	61.00	97.00	79.00	78.00	52.00	43.00	44.00	-
S&GA Expenses	9.2%	37.00	34.00	34.00	36.00	36.00	30.00	32.00	27.00	28.00	26.00	25.00	20.00	21.00	29.00	25.00	24.00	19.00	16.00	17.00	-
R&D Expenses	-23.1%	13.00	17.00	13.00	16.00	12.00	10.00	10.00	10.00	11.00	10.00	12.00	11.00	11.00	17.00	14.00	13.00	9.00	7.00	7.00	-
EBITDA Margin	-7.7%	0.08*	0.09*	0.09*	0.09*	-	0.11*	0.10*	0.10*	0.10*	0.09*	-0.03*	-0.11*	-0.20*	-0.20*	-0.03*	0.07*	0.18*	0.20*	0.18*	0.08*
Interest Expenses	-573.7%	-4.02	-0.60	0.00	0.00	-0.97	-0.36	-0.72	0.00	-1.52	-0.52	0.00	-	-	2.00	1.00	-	-	1.00	1.00	-
Income Taxes	-2886.6%	-21.85	1.00	3.00	10.00	1.00	-0.09	1.00	1.00	0.00	-0.19	-1.88	-0.68	3.00	-34.63	-0.98	0.00	-0.75	0.00	0.00	-
Earnings Before Taxes	-149.1%	-6.51	-2.61	-3.97	-8.58	-4.35	-1.23	-5.02	0.00	-0.33	-4.13	-1.07	2.00	3.00	-51.80	-30.06	-28.81	4.00	12.00	7.00	-
EBT Margin	-6.5%	-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	551.1%	15.00	-3.40	-6.90	-18.13	-5.31	-1.14	-5.52	-0.33	-0.63	-3.95	1.00	2.00	0.00	-17.17	-29.07	-29.06	5.00	12.00	7.00	-
Net Income Margin	62.8%	-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	139.3%	34.00	14.00	-16.20	-6.56	28.00	3.00	-1.97	-11.28	30.00	18.00	20.00	-9.16	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q4
Assets	5.5%	760	720	725	726	719	677	690	698	670	650	613	562	559	519	258	265
Current Assets	12.0%	267	238	234	235	243	219	224	221	196	167	223	377	403	362	134	166
Cash Equivalents	37.7%	68.00	49.00	42.00	69.00	92.00	72.00	86.00	97.00	73.00	47.00	102	278	312	270	47.00	83.00
Net PPE	0.5%	101	100	99.00	100	101	98.00	99.00	98.00	97.00	98.00	62.00	57.00	57.00	56.00	56.00	55.00
Liabilities	1.4%	507	500	499	502	489	463	469	465	440	422	382	332	329	296	559	377
Current Liabilities	1.8%	441	433	431	422	403	374	369	357	369	346	327	275	292	264	279	335
Long Term Debt	-1.8%	44.00	45.00	45.00	46.00	47.00	47.00	48.00	49.00	-	-	-	-	0.00	0.00	173	1.00
LT Debt, Current	0%	3.00	3.00	3.00	3.00	2.00	2.00	2.00	1.00	-	-	-	-	1.00	1.00	1.00	51.00
LT Debt, Non Current	-1.8%	44.00	45.00	45.00	46.00	47.00	47.00	48.00	49.00	-	-	-	-	0.00	0.00	173	1.00
Shareholder's Equity	14.9%	253	220	226	223	230	214	221	233	230	228	232	230	229	222	-	-
Retained Earnings	96.3%	-0.59	-15.92	-12.52	-5.62	13.00	18.00	19.00	24.00	25.00	25.00	29.00	29.00	26.00	26.00	-305	-90.70
Additional Paid-In Capital	3.7%	275	265	262	254	245	238	233	228	223	216	210	206	207	201	-	-
Shares Outstanding	-100.0%	-	97.00	98.00	98.00	100	101	101	107	107	108	108	120	-	-	-	-
Float	-	-	-	836	-	-	-	330	-	-	-	486	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																				(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Cashflow From Operations	72.6%	47,636	27,594	-4,389	3,491	40,249	15,011	8,955	-367	37,621	26,203	29,430	-2,965	39,499	-712	27,173	-6,417	46,699	12,949	-	-
Share Based Compensation	-1.0%	7,691	7,772	7,022	11,434	5,346	5,256	4,194	4,933	5,910	7,422	6,285	6,543	7,014	-	41,676	34,920	5,530	1,310	-	-
Cashflow From Investing	-28.1%	-19,907	-15,536	-16,431	-14,297	-122,483	15,253	20,885	14,297	-11,565	-68,609	-200,088	-14,516	-7,829	-6,399	-8,491	-21,656	-11,900	-9,288	-	-
Cashflow From Financing	-712.0%	-20,479	-2,522	-1,950	-1,531	-8,883	-8,512	-5,291	39,780	-3,146	-14,693	16,880	-8,140	1,197	229,052	-120,271	103,654	-5,145	-890	-	-
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	32.00	5,706	-	17,193	6,314	-	-	-

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

2023-12-31

Consolidated Statements of Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Total revenues	$ 572,387	$ 491,624	$ 425,548
Cost of revenues:
Total cost of revenues	223,808	193,132	161,892
Gross profit	348,579	298,492	263,656
Operating expenses:
Research and development	58,212	41,877	44,018
Selling and marketing	140,237	125,335	99,005
General and administrative	145,936	121,651	107,009
Depreciation and amortization	15,202	12,440	11,678
Other operating expense , net	6,502	5,271	4,888
Total operating expenses	366,089	306,574	266,598
Loss from operations	(17,510)	(8,082)	(2,942)
Other (income) expense:
Interest expense, net	4,164	2,048	984
Loss before income taxes	(21,674)	(10,130)	(3,926)
Income tax expense (benefit)	(8,581)	2,174	(2,447)
Net loss	(13,093)	(12,304)	(1,479)
Other comprehensive (income) loss:
Foreign currency translation adjustments and revaluations, net of tax	(5,978)	10,219	14,370
Unrealized (gain) loss on investments, net of tax	(32)	36
Total other comprehensive (income) loss, net of tax	(6,010)	10,255	14,370
Total comprehensive loss	(7,083)	(22,559)	(15,849)
Software subscriptions
Revenues:
Total revenues	480,830	415,473	358,415
Cost of revenues:
Total cost of revenues	162,920	142,071	116,194
Services
Revenues:
Total revenues	91,557	76,151	67,133
Cost of revenues:
Total cost of revenues	60,888	51,061	45,698
Class A
Other comprehensive (income) loss:
Net loss attributable to stockholders, basic	$ (4,721)	$ (3,771)	$ (357)
Net loss per share, basic (in dollars per share)	$ (0.09)	$ (0.08)	$ (0.01)
Weighted average common stock, basic (in shares)	54,753	45,864	35,647
Net loss attributable to stockholders, diluted	$ (4,721)	$ (3,771)	$ (357)
Net loss per share, diluted (in dollars per share)	$ (0.09)	$ (0.08)	$ (0.01)
Weighted average common stock, diluted (in shares)	54,753	45,864	35,647
Class B
Other comprehensive (income) loss:
Net loss attributable to stockholders, basic	$ (8,372)	$ (8,533)	$ (1,122)
Net loss per share, basic (in dollars per share)	$ (0.09)	$ (0.08)	$ (0.01)
Weighted average common stock, basic (in shares)	97,106	103,781	112,133
Net loss attributable to stockholders, diluted	$ (8,372)	$ (8,533)	$ (1,122)
Net loss per share, diluted (in dollars per share)	$ (0.09)	$ (0.08)	$ (0.01)
Weighted average common stock, diluted (in shares)	97,106	103,781	112,133

VERX Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 68,175	$ 91,803
Funds held for customers	20,976	14,945
Accounts receivable, net of allowance of $16,272 and $9,554, respectively	141,752	102,885
Prepaid expenses and other current assets	26,173	22,340
Investment securities available-for-sale, at fair value (amortized cost of $9,550 and $11,220, respectively)	9,545	11,173
Total current assets	266,621	243,146
Property and equipment, net of accumulated depreciation	100,734	101,090
Capitalized software, net of accumulated amortization	38,771	39,012
Goodwill and other intangible assets	260,238	257,023
Deferred commissions	21,237	15,463
Deferred income tax asset	41,708	30,938
Operating lease right-of-use assets	14,605	17,187
Other assets	16,013	15,333
Total assets	759,927	719,192
Current liabilities:
Current portion of long-term debt	2,500	2,188
Accounts payable	23,596	14,329
Accrued expenses	44,735	38,234
Customer funds obligations	17,731	12,121
Accrued salaries and benefits	12,277	10,790
Accrued variable compensation	34,105	23,729
Deferred compensation, current		2,809
Deferred revenue, current	290,143	268,847
Current portion of operating lease liabilities	3,717	4,086
Current portion of finance lease liabilities	74	103
Deferred purchase consideration, current		19,824
Purchase commitment and contingent consideration liabilities, current	11,901	6,149
Total current liabilities	440,779	403,209
Deferred revenue, net of current portion	2,577	10,289
Debt, net of current portion	44,059	46,709
Operating lease liabilities, net of current portion	16,567	20,421
Finance lease liabilities, net of current portion	51	10
Purchase commitment and contingent consideration liabilities, net of current portion	2,600	8,412
Deferred other liabilities	313	417
Total liabilities	506,946	489,467
Commitments and contingencies (Note 15)
Stockholders' equity:
Preferred shares, $0.001 par value, 30,000 shares authorized; no shares issued and outstanding
Additional paid in capital	275,155	244,820
(Accumulated deficit) retained earnings	(586)	12,507
Accumulated other comprehensive loss	(21,742)	(27,752)
Total stockholders' equity	252,981	229,725
Total liabilities and stockholders' equity	759,927	719,192
Class A
Stockholders' equity:
Common stock	61	50
Class B
Stockholders' equity:
Common stock	$ 93	$ 100

About Vertex Inc

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	Mr. David DeStefano
WEBSITE	vertexinc.com
INDUSTRY	Software - Apps
EMPLOYEES	1400

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 Mon May 06 2024, market cap of Vertex Inc is 1.83 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 Mon May 06 2024, VERX's PE ratio (Price to Earnings) is -139.61 and Price to Sales (PS) ratio is 3.19. 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.