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Vertex, Inc. (NASDAQ: VERX) Faces Challenges Despite Positive Price Target
Financial Modeling Prep· 2025-11-04 05:03
Core Insights - Vertex, Inc. is a leading provider of tax technology solutions, offering software and services to streamline tax processes for businesses [1] - Jefferies analyst Samad Samana has set a price target of $28 for Vertex, indicating a potential upside of 35.33% from its current price of $20.69 [1][5] - The company has faced challenges, evidenced by a 10% decline in stock price following mixed third-quarter results, raising investor concerns [2][5] Stock Performance - Vertex's stock price is currently at $20.69, reflecting a decrease of 9.65% or $2.21 [2] - The stock has shown significant volatility, with a daily trading range between $19.29 and $22.95 [3] - Over the past year, Vertex reached a high of $60.71 and a low of $19.29, indicating substantial fluctuations in investor sentiment [3][5] Market Activity - Vertex has a market capitalization of approximately $3.3 billion [3] - The trading volume on NASDAQ is 5,794,457 shares, indicating active trading and interest in the company [4]
Vertex to Present at 20th Annual Needham Technology, Media, & Consumer Conference
Globenewswire· 2025-05-08 22:45
Company Overview - Vertex, Inc. is a leading global provider of indirect tax solutions, focusing on delivering trusted tax technology for global businesses to transact, comply, and grow with confidence [3] - The company offers tailored solutions for major lines of indirect tax, including sales and consumer use, value added, and payroll [3] - Vertex is headquartered in North America, with additional offices in South America and Europe, aiming to simplify the complexity of continuous compliance for leading brands [3] Upcoming Events - David DeStefano, CEO, and John Schwab, CFO of Vertex, will participate in a fireside chat at the 20th Annual Needham Technology, Media, & Consumer Conference [1] - The event is scheduled for May 12, 2025, at 9:30 AM Eastern Time [1] - Live webcasts and replays of the presentations will be available on Vertex's investor relations website [2]