Vertex, Inc. (NASDAQ:VERX – Get Free Report) insider 2020 Irrevocable Trust For Ben sold 30,692 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $30.22, for a total value of $927,512.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
2020 Irrevocable Trust For Ben also recently made the following trade(s):
- On Monday, March 25th, 2020 Irrevocable Trust For Ben sold 47,522 shares of Vertex stock. The shares were sold at an average price of $30.09, for a total value of $1,429,936.98.
Vertex Trading Up 3.6 %
Vertex stock opened at $31.76 on Friday. The stock has a market cap of $4.90 billion, a P/E ratio of -317.60, a PEG ratio of 7.90 and a beta of 0.63. Vertex, Inc. has a fifty-two week low of $17.59 and a fifty-two week high of $35.38. The firm’s fifty day moving average price is $27.39 and its 200-day moving average price is $25.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.60 and a current ratio of 0.60.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in VERX. Pinebridge Investments L.P. bought a new position in Vertex in the second quarter valued at $27,000. Ensign Peak Advisors Inc purchased a new stake in Vertex during the first quarter valued at about $33,000. Point72 Asset Management L.P. purchased a new stake in Vertex during the fourth quarter valued at about $38,000. Wells Fargo & Company MN boosted its position in Vertex by 124.1% during the second quarter. Wells Fargo & Company MN now owns 2,024 shares of the company’s stock valued at $39,000 after buying an additional 1,121 shares during the period. Finally, Deutsche Bank AG purchased a new stake in Vertex during the fourth quarter valued at about $41,000. Institutional investors own 59.10% of the company’s stock.
Analysts Set New Price Targets
VERX has been the topic of several research analyst reports. Bank of America upgraded Vertex from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $23.00 to $40.00 in a research note on Friday, March 1st. Citigroup lowered their target price on shares of Vertex from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, January 12th. The Goldman Sachs Group boosted their target price on shares of Vertex from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, March 1st. Needham & Company LLC boosted their target price on shares of Vertex from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, BMO Capital Markets boosted their target price on shares of Vertex from $30.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.78.
Get Our Latest Stock Report on VERX
About Vertex
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 specific solutions, such as chain flow accelerator and SAP-specific tools.
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