Across the recent three months, 6 analysts have shared their insights on Vertex (NASDAQ:VERX), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 1 | 0 | 0 |
| Last 30D | 2 | 2 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $56.5, a high estimate of $61.00, and a low estimate of $50.00. Marking an increase of 33.48%, the current average surpasses the previous average price target of $42.33.
Interpreting Analyst Ratings: A Closer Look
The standing of Vertex among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $61.00 | $47.00 |
| Daniel Jester | BMO Capital | Raises | Market Perform | $52.00 | $42.00 |
| Rob Oliver | Baird | Raises | Outperform | $57.00 | $43.00 |
| Adam Hotchkiss | Goldman Sachs | Raises | Buy | $59.00 | $42.00 |
| Joshua Reilly | Needham | Raises | Buy | $60.00 | $45.00 |
| Samad Samana | Jefferies | Raises | Buy | $50.00 | $35.00 |
Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they ‘Maintain’, ‘Raise’, or ‘Lower’ their stance, it signifies their reaction to recent developments related to Vertex. This insight gives a snapshot of analysts’ perspectives on the current state of the company. Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from ‘Outperform’ to ‘Underperform’. These ratings convey expectations for the relative performance of Vertex compared to the broader market. Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Vertex’s stock. This comparison reveals trends in analysts’ expectations over time.
Capture valuable insights into Vertex’s market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Vertex analyst ratings.
Unveiling the Story Behind Vertex
Vertex Inc is a provider of tax technology and services. Its software, content, and services help customers stay in compliance with indirect taxes that occur in taxing jurisdictions all over the world. Vertex provides cloud-based and on-premise solutions to specific industries for every line of tax, including income, sales, consumer use, value-added, and payroll. The company offers solutions such as tax determination, Tax Data Management, document management, and compliance and reporting among others. The company derives revenue from software subscriptions.
Understanding the Numbers: Vertex’s Finances
Market Capitalization Analysis: Positioned below industry benchmarks, the company’s market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Vertex’s remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 15.33%. This signifies a substantial increase in the company’s top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Vertex’s financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 3.21%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Vertex’s ROE excels beyond industry benchmarks, reaching 2.14%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Vertex’s financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.58%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 1.51, Vertex faces challenges in effectively managing its debt levels, indicating potential financial strain.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish “analyst ratings” for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street’s Next Big Mover
Benzinga’s #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Latest Ratings for VERX
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | JMP Securities | Maintains | Market Outperform | |
| Mar 2022 | Needham | Maintains | Buy | |
| Feb 2022 | BMO Capital | Initiates Coverage On | Market Perform |
View More Analyst Ratings for VERX
View the Latest Analyst Ratings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
