VERX - Vertex Inc Stock Price, Fair Value and News

32.83USD+1.03 (+3.24%)Delayed as of 16 May 2024, 01:11 pm ET

Market Summary

USD32.83+1.03

Delayedas of 16 May 2024, 01:11 pm

3.24%

VERX Alerts

1 major insider sales recently.

Big jump in Earnings (Y/Y)

VERX Stock Price

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VERX RSI Chart

VERX Valuation

Market Cap

1.9B

Price/Earnings (Trailing)

248.39

Price/Sales (Trailing)

3.22

EV/EBITDA

33.29

Price/Free Cashflow

45.95

VERX Price/Sales (Trailing)

VERX Profitability

EBT Margin

-2.51%

Return on Equity

3.09%

Return on Assets

1.02%

Free Cashflow Yield

2.18%

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

52 Week Range

17.5932.86

(Low)(High)

Last 7 days

6.3%

Last 30 days

5.2%

Last 90 days

21.9%

Trailing 12 Months

56.8%

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)

-0.09

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	596.4M	0	0	0
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

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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>

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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

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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 15, 2024	BARCLAYS PLC	added	205	1,407,000	1,947,000	-%
May 15, 2024	Cetera Advisor Networks LLC	reduced	-21.14	-21,088	278,916	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-19.5	-662,464	12,334,300	-%
May 15, 2024	AMERIPRISE FINANCIAL INC	reduced	-2.74	1,241,510	9,708,240	-%
May 15, 2024	DEUTSCHE BANK AG\	reduced	-55.95	-56,519	61,074	-%
May 15, 2024	Engineers Gate Manager LP	added	27.68	448,762	1,337,000	0.04%
May 15, 2024	G2 Investment Partners Management LLC	reduced	-13.61	128,833	7,100,040	1.88%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	reduced	-17.64	-43,944	1,470,490	0.03%
May 15, 2024	OCCUDO QUANTITATIVE STRATEGIES LP	new	-	573,649	573,649	0.10%
May 15, 2024	Schonfeld Strategic Advisors LLC	reduced	-43.14	-2,203,240	4,478,830	0.03%

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 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 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
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

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Revenue	1.2%	157	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	2.3%	96.00	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	1.3%	97.00	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	9.3%	40.00	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	30.6%	17.00	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	17.0%	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 Expenses	92.9%	-0.29	-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	79.2%	-4.53	-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	71.6%	-1.85	-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	33.8%	-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%	3.00	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	156.6%	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%	10.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q4
Assets	-0.5%	756	760	720	725	726	719	677	690	698	670	650	613	562	559	519	258	265
Current Assets	0.1%	267	267	238	234	235	243	219	224	221	196	167	223	377	403	362	134	166
Cash Equivalents	35.9%	93.00	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	-0.1%	101	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
Goodwill	-1.5%	254	258	-	-	-	-	-	-	-	-	-	-	-	-	19.00	19.00	26.00
Liabilities	-0.3%	506	507	500	499	502	489	463	469	465	440	422	382	332	329	296	559	377
Current Liabilities	0.4%	443	441	433	431	422	403	374	369	357	369	346	327	275	292	264	279	335
Long Term Debt	-1.4%	43.00	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	3.00	2.00	2.00	2.00	1.00	-	-	-	-	1.00	1.00	1.00	51.00
LT Debt, Non Current	-100.0%	-	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	-1.1%	250	253	220	226	223	230	214	221	233	230	228	232	230	229	222	-	-
Retained Earnings	458.0%	2.00	-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	-0.5%	274	275	265	262	254	245	238	233	228	223	216	210	206	207	201	-	-
Shares Outstanding	-	-	-	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Cashflow From Operations	-48.4%	24,566	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	112.2%	16,324	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	1.9%	-19,535	-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	94.4%	-1,153	-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	-	-	-

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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 revenues	60,989	51,747
Gross profit	95,792	81,004
Operating expenses:
Research and development	16,845	15,862
Selling and marketing	40,491	35,736
General and administrative	35,542	34,310
Depreciation and amortization	5,006	3,741
Other operating expense (income), net	(527)	284
Total operating expenses	97,357	89,933
Loss from operations	(1,565)	(8,929)
Interest expense (income), net	286	(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 tax	4,011	(3,122)
Unrealized (gain) loss on investments, net of tax	17	(13)
Total other comprehensive (income) loss, net of tax	4,028	(3,135)
Total comprehensive loss	(1,344)	(14,997)
Software subscriptions
Revenues:
Total revenues	131,830	111,014
Cost of revenues:
Total cost of revenues	45,128	37,403
Services
Revenues:
Total revenues	24,951	21,737
Cost of revenues:
Total cost of revenues	15,861	14,344
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)	61,560	50,456
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)	67,921	50,456
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)	92,661	100,221
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)	92,661	100,221

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 customers	36,546	20,976
Accounts receivable, net of allowance of $20,241 and $16,272, respectively	133,149	141,752
Prepaid expenses and other current assets	31,906	26,173
Investment securities available-for-sale, at fair value (amortized cost of $9,123 and $9,550, respectively)	9,101	9,545
Total current assets	266,836	266,621
Property and equipment, net of accumulated depreciation	100,594	100,734
Capitalized software, net of accumulated amortization	38,532	38,771
Goodwill and other intangible assets	255,681	260,238
Deferred commissions	21,301	21,237
Deferred income tax asset	44,311	41,708
Operating lease right-of-use assets	13,773	14,605
Other assets	14,774	16,013
Total assets	755,802	759,927
Current liabilities:
Current portion of long-term debt	2,500	2,500
Accounts payable	22,431	23,596
Accrued expenses	36,754	44,735
Customer funds obligations	33,670	17,731
Accrued salaries and benefits	18,659	12,277
Accrued variable compensation	14,562	34,105
Deferred revenue, current	296,845	290,143
Current portion of operating lease liabilities	3,633	3,717
Current portion of finance lease liabilities	60	74
Purchase commitment and contingent consideration liabilities, current	13,390	11,901
Total current liabilities	442,504	440,779
Deferred revenue, net of current portion	4,146	2,577
Debt, net of current portion	43,458	44,059
Operating lease liabilities, net of current portion	15,523	16,567
Finance lease liabilities, net of current portion	41	51
Purchase commitment and contingent consideration liabilities, net of current portion		2,600
Deferred other liabilities		313
Total liabilities	505,672	506,946
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 capital	273,647	275,155
Retained Earnings (Accumulated deficit)	2,098	(586)
Accumulated other comprehensive loss	(25,770)	(21,742)
Total stockholders' equity	250,130	252,981
Total liabilities and stockholders' equity	755,802	759,927
Class A
Stockholders' equity:
Common stock	62	61
Class B
Stockholders' equity:
Common stock	$ 93	$ 93

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 Wed May 15 2024, market cap of Vertex Inc is 1.92 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 Wed May 15 2024, VERX's PE ratio (Price to Earnings) is 248.39 and Price to Sales (PS) ratio is 3.22. 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.