Vertex, Inc. (VERX)

NASDAQ: VERX · IEX Real-Time Price · USD
37.07
+0.46 (1.26%)
Jul 12, 2024, 4:00 PM EDT - Market closed
1.26%
Market Cap 5.84B
Revenue (ttm) 596.42M
Net Income (ttm) 7.72M
Shares Out 157.61M
EPS (ttm) 0.05
PE Ratio 741.40
Forward PE 67.79
Dividend n/a
Ex-Dividend Date n/a
Volume 608,791
Open 36.79
Previous Close 36.61
Day's Range 36.64 - 37.25
52-Week Range 17.59 - 37.32
Beta 0.69
Analysts Buy
Price Target 36.70 (-1.0%)
Earnings Date Aug 7, 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 $36.7, which is a decrease of -1.00% from the latest price.

Price Target
$36.7
(-1.00% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Vertex to Announce Second Quarter 2024 Financial Results on Wednesday, August 7, 2024

KING OF PRUSSIA, Pa., July 11, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced that it will release second quarter ...

1 day ago - GlobeNewsWire

Vertex Acquires Artificial Intelligence Tax Capabilities from Ryan, LLC

KING OF PRUSSIA, Pa., June 12, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc.  (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, announced today the acquisition of tax-s...

4 weeks ago - GlobeNewsWire

Vertex to Present at Upcoming Conferences

KING OF PRUSSIA, Pa., May 30, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a global provider of tax technology solutions, today announced that management will present at the following investor...

6 weeks ago - GlobeNewsWire

Vertex Women Leading the Way: Four Honorees Named on CRN's 2024 Women of the Channel List

KING OF PRUSSIA, Pa., May 13, 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 T...

2 months ago - GlobeNewsWire

Vertex Announces First Quarter 2024 Financial Results

KING OF PRUSSIA, Pa., May 08, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results f...

2 months ago - GlobeNewsWire

Vertex, Inc. Announces Closing of Upsized Offering of $345 Million Convertible Senior Notes

KING OF PRUSSIA, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex”), a leading global provider of indirect tax solutions, today announced the closing of its private offerin...

2 months ago - GlobeNewsWire

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...

2 months 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...

2 months 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,...

2 months 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 ...

4 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 ...

5 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 ...

5 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...

5 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 ...

5 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...

6 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...

6 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...

6 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...

6 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...

7 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 ...

7 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...

7 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...

8 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 ...

8 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...

8 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...

9 months ago - GlobeNewsWire