MARKET COMPOSITE
VERX - Vertex Inc8:00:00 PM 4/24/2024
Price
$28.91
+ 0.97 (3.47%)
Vertex, Incorporated is a tax compliance software and services company based in King of Prussia, Pennsylvania, USA. Vertex was founded in 1978 by Ray Westphal. Jeff Westphal, Stevie Westphal Thompson and Amanda Westphal Radcliffe purchased interest in the company from their father in 2000. On July 29, 2020, the company went public on the Nasdaq stock exchange.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue154.9MM+7%
Gross Profit93.6MM+6%
Cost Of Revenue61.3MM+8%
Operating Income-2.5MM+23%
Operating Expenses96.1MM+7%
Net Income15.3MM-551%
R&D12.9MM-23%
G&A36.9MM+4%
Marketing37MM+9%
Amortization657K-
Stock Chart

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Stock news

    Vertex offers customers an optimized business operations and outcomes experience by integrating tax in and around Oracle Fusion Cloud ApplicationsKING OF PRUSSIA, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions and a member of Oracle PartnerNetwork (OPN), today announced that it has been selected to join the Oracle Independent Software Vendor (ISV) Accelerator for SaaS Initiative. With expertise in Orac

    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 aggregate principal amount of 0.750% convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased from the previously announced $250

    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, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection

    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 the period ended March 31, 2024. “Vertex’s first quarter financial results were strong across our business,” noted David DeStefano, President, Chief Executive Officer, and Chairperson of the Board. “We look forward to providing investors with full details when we announce our full first quarter finan

    Key Insights The projected fair value for Vertex is US$57.69 based on 2 Stage Free Cash Flow to Equity Vertex is...

    Vertex Inc (NASDAQ:VERX) has reported an insider sale according to the latest SEC filings. Chief Accounting Officer Lisa Butler sold 8,290 shares of the company on March 14, 2024.

    David Destefano, President & CEO of Vertex Inc (NASDAQ:VERX), sold 15,677 shares of the company on March 12, 2024, according to a recent SEC filing.

    On March 5, 2024, John Stamm, Director at Vertex Inc (NASDAQ:VERX), executed a sale of 6,500 shares in the company.

    Vertex (VERX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

    The consensus price target hints at a 25.2% upside potential for Vertex (VERX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.