Vertex (NASDAQ:VERX) Stock Price Target Raised at Piper Sandler

Vertex (NASDAQ:VERX) had its target price raised by Piper Sandler from $16.00 to $20.00 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently commented on VERX. Wall Street Zen raised Vertex from a “hold” rating to a “buy” rating in a report on Sunday, October 18th. Morgan Stanley downgraded shares of Vertex from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $19.00 to $15.00 in a report on Tuesday, July 21st. DA Davidson reduced their price target on shares of Vertex from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. BMO Capital Markets upped their price objective on shares of Vertex from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Finally, Needham & Company LLC increased their price objective on shares of Vertex from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.79.

Vertex Stock Performance

Shares of VERX stock opened at $17.59 on Thursday. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -60.66 and a beta of 0.77. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day moving average of $13.36 and a 200 day moving average of $13.29. Vertex has a 1 year low of $10.21 and a 1 year high of $20.85.

Vertex (NASDAQ:VERX) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $213.28 million for the quarter, compared to the consensus estimate of $209.72 million. Vertex had a positive return on equity of 34.28% and a negative net margin of 5.83%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS. As a group, research analysts expect that Vertex will post 0.58 earnings per share for the current year.

Institutional Trading of Vertex

Hedge funds have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Vertex in the first quarter valued at approximately $37,796,000. Gagnon Securities LLC grew its stake in shares of Vertex by 37.3% during the 3rd quarter. Gagnon Securities LLC now owns 1,045,187 shares of the company’s stock worth $12,312,000 after purchasing an additional 284,161 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Vertex by 1,906.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 935,668 shares of the company’s stock worth $11,125,000 after purchasing an additional 889,042 shares during the period. Renaissance Technologies LLC grew its stake in shares of Vertex by 8.1% during the 1st quarter. Renaissance Technologies LLC now owns 290,500 shares of the company’s stock worth $3,454,000 after purchasing an additional 21,700 shares during the period. Finally, North Star Asset Management Inc. purchased a new position in shares of Vertex during the 2nd quarter valued at approximately $2,899,000. Hedge funds and other institutional investors own 70.32% of the company’s stock.

Trending Headlines about Vertex

Here are the key news stories impacting Vertex this week:

• Positive Sentiment: Vertex reported third-quarter adjusted earnings of $0.26 per share, above the $0.22 consensus, while revenue of $213.28 million topped estimates of $209.72 million and grew 11% year over year. Earnings per share also rose from $0.17 a year earlier. Vertex Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Needham raised its price target to $30 from $20 and maintained a Buy rating, signaling increased optimism about Vertex’s potential. Needham analyst recommendations
• Neutral Sentiment: Piper Sandler lifted its target to $20 from $16 but kept a Neutral rating, suggesting a more measured view despite the higher valuation outlook. Piper Sandler analyst recommendations
• Negative Sentiment: A Seeking Alpha article downgraded Vertex and recommended locking in gains following the rebound, presenting a counterpoint to the earnings-driven optimism. Vertex Software: Lock In Gains On This Rebound

About Vertex

Vertex, Inc is a tax technology company that provides software and services to help businesses manage tax determination, compliance and reporting. Its solutions are designed to support complex transaction tax requirements across sales and use tax, value-added tax, goods and services tax, communications tax, and other indirect taxes.

The company’s offerings include cloud-based and enterprise tax software, tax calculation engines, compliance and returns management tools, tax data management, and related professional services.