How to Buy Vertex Stock
Vertex Inc
Vertex, Inc. provides tax technology solutions for corporations in retail, communication, leasing, and manufacturing industries in the United States and internationally.
Vertex stock last closed at $28.91, up 3.47% from the previous day, and has increased 34.34% in one year. It has overperformed other stocks in the Software - Application industry by 0.1 percentage points. Vertex stock is currently +64.35% from its 52-week low of $17.59, and -18.29% from its 52-week high of $35.38.
As of Apr 24, 2024, there are 154.33M shares of VERX outstanding. The market cap of VERX is $4.46B. In the past 24 hours, 5.63M VERX shares were traded.
How to Buy Vertex Stock
Wondering how to invest in Vertex stock? Here's how.
- Figure out where to buy Vertex stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Vertex stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your payment method and add your details.
- Evaluate Vertex stock: The Vertex ticker symbol is VERX. Is Vertex stock a good investment? Should you buy shares of VERX? How do VERX's underlying business fundamentals look? Do top analysts think Vertex is a good buy? Why has VERX's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if VERX is a good stock to buy).
- Execute your VERX buy order: Decide if you will purchase VERX shares at the current market price or use a limit order to buy VERX shares at a specific price.
- Get key alerts regarding your investment in VERX: Create a watchlist to get the latest news on your position in Vertex shares.
Step 1: Figure out where to buy Vertex stock
You need an online brokerage account to access the NASDAQ market and buy VERX stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal details so you can invest in VERX today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create your new brokerage account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on app for stock, you can securely and quickly fund your account:
Watch this video walkthrough to see the process of depositing funds into your brokerage account.
Step 4: Evaluate Vertex stock
Once you have identified the best place to buy Vertex stock, it's absolutely critical to research their stock before you invest, so you actually comprehend the risk and opportunity.
Vertex shares quick numbers
Fundamentals of Vertex
WallStreetZen was built to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on VERX's stock page.
Is VERX stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge VERX's intrinsic value.
Using relative valuations metrics:
- VERX may be overvalued based on its P/B ratio of 17.64x, relative to Software - Application industry P/B ratio of 6.53x
You can do additional valuation analysis on VERX's stock here.
VERX Financial Overview
Positive Financial Indicators:
- VERX's operating cash flow of $74.33M allows it to safely service it's debt of $66.97M.
- VERX profit margin has gone up from -2.5% to -2.3% in the past year.
- There are more short-term assets than long-term liabilities on the VERX balance sheet.
- Total VERX debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- VERX has a relatively high debt to equity ratio of 2.
- There are more short-term liabilities than short-term assets on the VERX balance sheet.
- VERX earnings of -$17.51M is not enough to cover its interest payments.
Is it a good time to buy Vertex stock, according to analysts?
Out of 10 Equities analysts who give recommendations on VERX, the consensus analyst rating on VERX is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent VERX Analyst Ratings
Daniel Jester, a top 13% analyst from BMO Capital maintains VERX with a hold rating and raises their VERX price target from $30.00 to $35.00, on Mar 1, 2024.
Joshua Reilly, a bottom 16% analyst from Needham maintains VERX with a buy rating and raises their VERX price target from $35.00 to $45.00, on Mar 1, 2024.
Samad Samana, a bottom 8% analyst from Jefferies maintains VERX with a hold rating and raises their VERX price target from $27.00 to $35.00, on Mar 1, 2024.
Stan Zlotsky, a top 7% analyst from Morgan Stanley maintains VERX with a strong buy rating and raises their VERX price target from $25.00 to $30.00, on Nov 10, 2023.
Alexander Sklar, a top 9% analyst from Raymond James maintains VERX with a buy rating and raises their VERX price target from $24.00 to $29.00, on Nov 10, 2023.
You can dig deeper into what analysts are projecting on the Vertex stock forecast page.
Metrics for Advanced VERX Traders
VERX Earnings
Last year, VERX revenue was $572.39M. Over the past five year, VERX's revenue has grown by 16.01% per year. This was slower than the Software - Application industry average of 27.59%.
Learn more about VERX's earnings and revenue performance here.
Are VERX insiders buying or selling the stock?
Over the past 12 months, insiders at VERX have sold more shares than they have bought.
Jeffrey Westphal, 10% Owner of VERX, was the latest VERX insider to sell. They sold $23,773,546.65 worth of VERX shares on Apr 5, 2024.
Get more info about who owns VERX stock here.
Does VERX provide a stable income stream?
No, Vertex doesn't provide an income stream by paying out dividends.
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Step 5: Execute your VERX buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open Trade button and your broker will place the order.
If you need more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your investment in VERX
Now that you own some shares in VERX, you'll want to keep up with your company.
Create a watchlist to see the latest developments about your VERX stock.
VERX Feed
How to Buy Stock in Vertex
To summarize, here are the 6 steps you need to take to buy Vertex stock right now:
- Figure out where to buy Vertex stock
- Create a brokerage account
- Deposit funds into your investment account
- Evaluate Vertex stock
- Execute your VERX buy order
- Get key alerts regarding your investment in VERX
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Vertex, create a watchlist today.
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