Vertex, Inc. (NASDAQ:VERX) Receives $20.93 Average Price Target from Analysts

Vertex, Inc. (NASDAQ:VERX) has been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.9286.

A number of equities research analysts recently issued reports on the stock. Citizens Jmp dropped their price target on shares of Vertex from $37.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. UBS Group set a $25.00 price target on shares of Vertex in a research note on Thursday, February 12th. BMO Capital Markets lifted their target price on shares of Vertex from $14.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Piper Sandler lifted their target price on shares of Vertex from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Citigroup lifted their target price on shares of Vertex from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th.

Vertex Price Performance

Shares of NASDAQ VERX opened at $13.35 on Monday. The firm’s 50 day simple moving average is $12.55 and its 200-day simple moving average is $15.91. Vertex has a 12 month low of $10.59 and a 12 month high of $42.44. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -267.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.86 and a quick ratio of 0.86.

Vertex (NASDAQ:VERX) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Vertex had a negative net margin of 0.84% and a positive return on equity of 26.04%. The firm had revenue of $196.65 million for the quarter, compared to analysts’ expectations of $194.82 million. During the same quarter last year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts expect that Vertex will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in shares of Vertex during the 4th quarter valued at about $32,000. Empowered Funds LLC acquired a new position in shares of Vertex during the 4th quarter valued at about $45,000. Raymond James Financial Inc. acquired a new position in shares of Vertex during the 2nd quarter valued at about $54,000. Advisors Asset Management Inc. boosted its position in shares of Vertex by 36.9% during the 4th quarter. Advisors Asset Management Inc. now owns 3,320 shares of the company’s stock valued at $66,000 after acquiring an additional 895 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of Vertex by 49.1% during the 4th quarter. Assetmark Inc. now owns 4,180 shares of the company’s stock valued at $83,000 after acquiring an additional 1,376 shares during the last quarter. Institutional investors and hedge funds own 70.32% of the company’s stock.

Vertex Company Profile

Vertex Energy, Inc (NASDAQ: VERX) is a specialty refiner and marketer of transportation fuels and petrochemical feedstocks in the United States. The company collects and processes a variety of waste petroleum products, including used motor oil and industrial lubricants, which it converts into ultra-low-sulfur diesel, asphalt, and other refined products. By leveraging proprietary re-refining technologies and strategic feedstock sourcing, Vertex Energy aims to deliver cost-effective, lower-carbon fuel solutions to wholesale and retail customers across the country.

Headquartered in Houston, Texas, Vertex operates a network of refining and blending facilities in key regions, including the Central, Northeast and Mid-Atlantic markets.