Vertex (NASDAQ:VERX) Trading 4.8% Higher - What's Next?

Vertex, Inc. (NASDAQ:VERX - Get Free Report) was up 4.8% on Tuesday . The company traded as high as $12.95 and last traded at $13.0680. 42,174 shares were traded during trading, a decline of 98% from the average session volume of 1,954,262 shares. The stock had previously closed at $12.47.

Analyst Upgrades and Downgrades

• Tax Software Specialist Vertex In Buy Zone After Base Breakout

A number of analysts have recently commented on VERX shares. Needham & Company LLC restated a "buy" rating on shares of Vertex in a research note on Monday, June 8th. Jefferies Financial Group set a $14.00 price target on Vertex in a report on Saturday, May 9th. DA Davidson lowered their price objective on Vertex from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Vertex from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Piper Sandler lifted their target price on shares of Vertex from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $17.43.

Check Out Our Latest Stock Analysis on Vertex

Vertex Stock Up 5.2%

• 3 Small Financial Software Makers Showing Strong Chart Action

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.40. The business has a 50-day simple moving average of $12.23 and a 200-day simple moving average of $12.97. The company has a market cap of $2.13 billion, a PE ratio of 656.53 and a beta of 0.83.

Vertex (NASDAQ:VERX - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $203.97 million during the quarter, compared to analysts' expectations of $202.21 million. Vertex had a return on equity of 29.00% and a net margin of 0.45%.The business's revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. Equities research analysts anticipate that Vertex, Inc. will post 0.54 EPS for the current year.

Institutional Investors Weigh In On Vertex

• Vertex Should Benefit From a Renewed Focus on Globalization

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in Vertex during the fourth quarter valued at $32,000. Empowered Funds LLC acquired a new position in shares of Vertex during the 4th quarter worth about $45,000. Raymond James Financial Inc. purchased a new position in Vertex in the 2nd quarter valued at about $54,000. Advisors Asset Management Inc. lifted its stake in Vertex by 36.9% in the 4th quarter. Advisors Asset Management Inc. now owns 3,320 shares of the company's stock valued at $66,000 after buying an additional 895 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Vertex by 49.1% in the 4th quarter. Assetmark Inc. now owns 4,180 shares of the company's stock valued at $83,000 after buying an additional 1,376 shares in the last quarter. Hedge funds and other institutional investors own 70.32% of the company's stock.

About Vertex

(Get Free Report)

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.

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