Vertex, Inc. (VERX)

NASDAQ: VERX · IEX Real-Time Price · USD
29.41
+0.50 (1.73%)
At close: Apr 25, 2024, 4:00 PM
29.68
+0.27 (0.92%)
After-hours: Apr 25, 2024, 5:58 PM EDT
1.73%
Market Cap 4.54B
Revenue (ttm) 572.39M
Net Income (ttm) -13.09M
Shares Out 154.33M
EPS (ttm) -0.09
PE Ratio n/a
Forward PE 54.47
Dividend n/a
Ex-Dividend Date n/a
Volume 1,174,607
Open 28.12
Previous Close 28.91
Day's Range 28.08 - 29.46
52-Week Range 17.59 - 35.38
Beta 0.62
Analysts Buy
Price Target 36.30 (+23.43%)
Earnings Date May 8, 2024

About VERX

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 specif... [Read more]

Sector Technology
IPO Date Jul 29, 2020
Employees 1,500
Stock Exchange NASDAQ
Ticker Symbol VERX
Full Company Profile

Financial Performance

In 2023, Vertex's revenue was $572.39 million, an increase of 16.43% compared to the previous year's $491.62 million. Losses were -$13.09 million, 6.41% more than in 2022.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for VERX stock is "Buy." The 12-month stock price forecast is $36.3, which is an increase of 23.43% from the latest price.

Price Target
$36.3
(23.43% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Vertex, Inc. Announces Pricing of Upsized $300 Million Convertible Senior Notes Offering

KING OF PRUSSIA, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex”), a leading global provider of indirect tax solutions, today announced the pricing of $300 million aggreg...

1 day ago - GlobeNewsWire

Vertex Provides Preliminary Financial Results for First Quarter 2024 and Announces First Quarter Earnings Call Date

KING OF PRUSSIA, Pa., April 22, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced preliminary financial results for t...

3 days ago - GlobeNewsWire

Vertex, Inc. Announces Proposed Private Offering of $250 Million of Convertible Senior Notes

KING OF PRUSSIA, Pa., April 22, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex”), a leading global provider of indirect tax solutions, today announced that it intends to offer and sell,...

3 days ago - GlobeNewsWire

Vertex Announces Fourth Quarter and Full Year 2023 Financial Results

KING OF PRUSSIA, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results ...

2 months ago - GlobeNewsWire

Vertex Global Survey Reveals the Regions Championing and Struggling with Indirect Tax Compliance, With the U.S. Taking the Lead

Results show 43% of U.S. firms are “champions” in tech-driven indirect tax approaches, while revealing stark regional disparities in overall indirect tax compliance Results show 43% of U.S. firms are ...

2 months ago - GlobeNewsWire

Vertex's Bradd Wildstein Recognized as a 2024 CRN® Channel Chief

KING OF PRUSSIA, Pa., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc.  (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced that CRN ® , a brand of ...

2 months ago - GlobeNewsWire

CORRECTION -- Vertex, Inc.

KING OF PRUSSIA, Pa., Feb. 02, 2024 (GLOBE NEWSWIRE) -- In a release issued on February 1, 2024 by Vertex, Inc. (NASDAQ:VERX), please note that the date of the financial results announcement in the he...

2 months ago - GlobeNewsWire

Vertex to Announce Fourth Quarter 2023 Financial Results on Thursday, February 29, 2023

KING OF PRUSSIA, Pa., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced that it will release fourth quarter ...

3 months ago - GlobeNewsWire

Vertex 2023 Sales Tax Rates and Rules Report: U.S. Rate Changes Reach 10-Year High

KING OF PRUSSIA, Pa., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc.  (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, released its annual 2023 End-of-Year Sal...

3 months ago - GlobeNewsWire

Vertex Recognized in Built In's Esteemed 2024 Best Places to Work List

KING OF PRUSSIA, Pa., Jan. 19, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc.  (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, ranked as No. 19 in Built In's 2024 Best...

3 months ago - GlobeNewsWire

Vertex Named a Winner of IDC's 2023 SaaS Customer Satisfaction Award for Tax

KING OF PRUSSIA, Pa., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, is proud to announce that it is once agai...

3 months ago - GlobeNewsWire

Vertex Withdraws Offer to Acquire Pagero

KING OF PRUSSIA, Pa., Jan. 14, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX), a global provider of indirect tax solutions, today announced that after thorough review, it has withdrawn its previ...

3 months ago - GlobeNewsWire

Call of the Day: Vertex

Jim Lebenthal, chief equity strategist at Cerity Partners, and Bryn Talkington, managing partner at Requisite Capital Management, join CNBC's 'Halftime Report' to debate the biotech names to own and m...

4 months ago - CNBC Television

Vertex Announces New Leadership with Three Strategic Appointments in Customer Success and Services, Tax Research and Global Talent

KING OF PRUSSIA, Pa., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, announced today the appointment of three ...

4 months ago - GlobeNewsWire

Vertex, Inc. Announces Offer to Acquire E-Invoicing Leader Pagero

Extends Vertex's Leadership in Indirect Tax Compliance and Accelerates Expansion in Key International Markets Creates Seamless, End-to-End Global Platform to Help Customers Enhance Efficiency While Na...

4 months ago - GlobeNewsWire

Research Reveals Tax Professionals' Concerns Surrounding Risk Tolerance

Research conducted by Vertex shows tax professionals are feeling personally exposed by the shocking levels of risk tolerance of their employers. Research conducted by Vertex shows tax professionals ar...

5 months ago - GlobeNewsWire

Vertex Announces Third Quarter 2023 Financial Results

KING OF PRUSSIA, Pa., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results ...

6 months ago - GlobeNewsWire

Vertex Partners with Shopify to Streamline Global Tax Compliance

Vertex becomes the first Shopify Tax Platform Partner to integrate directly into Shopify and automate global indirect tax calculation for enterprise companies. Vertex becomes the first Shopify Tax Pla...

6 months ago - GlobeNewsWire

Vertex Announces Strategic Partnership with Pagero

Vertex and Pagero partnership will enable a unified global solution for e-invoicing and indirect tax compliance. Vertex and Pagero partnership will enable a unified global solution for e-invoicing and...

6 months ago - GlobeNewsWire

Vertex to Announce Third Quarter 2023 Financial Results on Thursday, November 9, 2023

KING OF PRUSSIA, Pa., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced that it will release third quarter 2...

6 months ago - GlobeNewsWire

Vertex Reveals Marked Improvements for Customers Utilizing Indirect Tax Solutions on Oracle Cloud

KING OF PRUSSIA, Pa., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, and member of Oracle PartnerNetwork (OPN)...

7 months ago - GlobeNewsWire

Vertex to Present at Citi 2023 Global Technology Conference

KING OF PRUSSIA, Pa., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced that management will participate in ...

8 months ago - GlobeNewsWire

Vertex Announces Second Quarter 2023 Financial Results

KING OF PRUSSIA, Pa., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results ...

9 months ago - GlobeNewsWire

Vertex Indirect Tax Determination Solution Now an SAP Endorsed App on SAP® Store

Delivers an end-to-end cloud-based solution to meet the tax needs of SAP customers Delivers an end-to-end cloud-based solution to meet the tax needs of SAP customers

10 months ago - GlobeNewsWire

Cramer's Mad Dash on Vertex: Their non-opioid pain innovation could be 'the holy grail of medical'

CNBC's Jim Cramer delivers his daily Mad Dash.

10 months ago - CNBC Television