Robert W. Baird initiated coverage on Vertex with a new price target
$VERX
Computer Software: Prepackaged Software
Technology
Robert W. Baird initiated coverage of Vertex with a rating of Outperform and set a new price target of $43.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/4/2024 | $35.00 → $50.00 | Hold → Buy | Jefferies |
| 7/23/2024 | $43.00 | Outperform | Robert W. Baird |
| 3/1/2024 | $40.00 | Underperform → Neutral | BofA Securities |
| 9/18/2023 | $25.00 | Overweight | Morgan Stanley |
| 3/9/2023 | $16.00 → $20.00 | Underperform → Neutral | BofA Securities |
| 2/9/2023 | $19.00 | Outperform | Raymond James |
| 1/5/2023 | $15.00 | Buy → Hold | Jefferies |
| 10/21/2022 | $20.00 | Buy | Goldman |
Vertex (NASDAQ:VERX) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $42.8, a high estimate of $45.00, and a low estimate of $36.00. This current average has increased by 2
Baird analyst Rob Oliver initiates coverage on Vertex (NASDAQ:VERX) with a Outperform rating and announces Price Target of $43.
Citigroup analyst Steven Enders maintains Vertex (NASDAQ:VERX) with a Neutral and raises the price target from $32 to $36.
SC 13G/A - Vertex, Inc. (0001806837) (Subject)
SC 13G/A - Vertex, Inc. (0001806837) (Subject)
SC 13G/A - Vertex, Inc. (0001806837) (Subject)
Jefferies upgraded Vertex from Hold to Buy and set a new price target of $50.00 from $35.00 previously
Robert W. Baird initiated coverage of Vertex with a rating of Outperform and set a new price target of $43.00
BofA Securities upgraded Vertex from Underperform to Neutral and set a new price target of $40.00
KING OF PRUSSIA, Pa. and LONDON, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, announced a new survey revealing automation and digital transformation are top priorities for driving business growth in tax and finance, but many organizations still have work to do. The 2024 Global Tax Transformation Report studied more than 600 global tax and finance professionals, manager level and above, and found that 80% consider tax and finance transformation key to business optimization, though only half of organizations have progressed in this direction. Challenges such as a lack of IT support (34%), budget const
KING OF PRUSSIA, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a leading global provider of indirect tax solutions, today announced financial results for its third quarter ended September 30, 2024. "The third quarter of 2024 was another great quarter for Vertex", stated David DeStefano, Vertex's President, Chief Executive Officer and Chairperson of the Board. "Revenue was above the high end of our quarterly guidance, with mid-teens organic revenue growth. We were once again GAAP earnings positive with strong Adjusted EBITDA. And we delivered significant cash flow from operating activities as well as free cash flow, demonstrating our h
KING OF PRUSSIA, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, released new innovations, honored partners and fostered big ideas in the world of tax technology at its annual Vertex Exchange conference in New Orleans, Louisiana. Bringing together a record number of attendees – industry leaders, tax professionals, and technology innovators focused on the future of tax compliance while exploring the latest intelligent solutions to overcome the challenges of today's evolving business obligations. Demonstrating its commitment to innovation, Vertex continues to enhance its offerings with advanced A
8-K - Vertex, Inc. (0001806837) (Filer)
10-Q - Vertex, Inc. (0001806837) (Filer)
8-K - Vertex, Inc. (0001806837) (Filer)
KING OF PRUSSIA, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a leading global provider of indirect tax solutions, today announced financial results for its third quarter ended September 30, 2024. "The third quarter of 2024 was another great quarter for Vertex", stated David DeStefano, Vertex's President, Chief Executive Officer and Chairperson of the Board. "Revenue was above the high end of our quarterly guidance, with mid-teens organic revenue growth. We were once again GAAP earnings positive with strong Adjusted EBITDA. And we delivered significant cash flow from operating activities as well as free cash flow, demonstrating our h
KING OF PRUSSIA, Pa., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced that it will release third quarter 2024 financial results before the market opens on Wednesday, November 6, 2024. A conference call to discuss the results will be held at 8:30 a.m. Eastern Time that same day. Those wishing to participate may do so by dialing 1-412-317-6026 approximately ten minutes prior to start time. A listen-only webcast of the call will also be available through the Company's Investor Relations website at https://ir.vertexinc.com. A conference call replay will be available approximately one hour after the
KING OF PRUSSIA, Pa., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a leading global provider of indirect tax solutions, today announced that it has completed the acquisition of ecosio, a leading B2B integration provider specializing in electronic data interchange (EDI) and e-invoicing, as of August 30, 2024. David DeStefano, CEO of Vertex, stated, "We welcome the ecosio team to the Vertex family. E-invoicing is going to change the way international companies handle Value Added Tax compliance and reporting. By integrating ecosio's e-invoicing capabilities together with Vertex's leading indirect tax software platform, we're delivering a comprehen
4 - Vertex, Inc. (0001806837) (Issuer)
4 - Vertex, Inc. (0001806837) (Issuer)
4 - Vertex, Inc. (0001806837) (Issuer)
KING 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 Oracle Cloud Fusion Cloud Applications integrations, Vertex continues to leverage the power of contract and tax data to optimize customer operations and outcomes. "Building on our longstanding relationship with Oracle, we are thrilled to join the Oracle ISV Accelerator," said Bradd Wildstein, Vice President, Indirect Sales at Vertex, Inc. "Throu
KING OF PRUSSIA, Pa., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, announced today the appointment of three experienced leaders: Mindy Cunningham as SVP, Customer Success and Services; Jessica Nowlin, VP, Tax Research; and Angela Travagline VP, Global Talent and Organizational Effectiveness. The wealth of knowledge and skill set they bring will reinforce the company's strategic focus on customer success, tax research effectiveness and talent development. "These new appointments encompass vital aspects of our operations and are instrumental in Vertex's continuous journey as a leader in the SaaS land
KING OF PRUSSIA, Pa., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, announced today its partnership with Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce. This partnership will enable enterprise merchants using the Shopify Tax Platform for business-to-business (B2B) and business-to-consumer (B2C) sales to automate tax calculation and compliance on a global scale. The SaaS-based solution removes barriers to commerce growth and accelerates the transaction process by eliminating the need to manually update complex rates and rules for over 195 countries, inclu