Positive. Conestoga Capital Advisors expresses confidence in Vertex Inc. (VERX) after correction.

From Yahoo Finance: 2025-04-29 09:35:00

Conestoga Capital Advisors released its first-quarter 2025 investor letter, noting a sharp decline in equities due to concerns over slowing earnings and geopolitical tensions. Their Small Cap Composite returned -11.35%, Mid Cap Composite returned 0.96%, and Micro-Cap Composite returned -8.24%. Check their top 5 holdings for 2025 picks.

In their investor letter, Conestoga Capital Advisors highlighted Vertex, Inc. (NASDAQ: VERX), a leader in tax compliance software. Vertex, Inc. (NASDAQ: VERX) saw a one-month return of 12.40% and a 34.67% gain over the last 52 weeks, closing at $39.35 per share on April 28, 2025.

Conestoga Capital Advisors expressed confidence in Vertex, Inc. (NASDAQ: VERX) after attending their analyst day, citing targeted investments for future growth. The stock corrected after the announcement, showing potential for accelerating growth moving forward.

Vertex, Inc. (NASDAQ: VERX) is not among the 30 Most Popular Stocks Among Hedge Funds, but 23 hedge fund portfolios held it at the end of the fourth quarter. Vertex, Inc. (NASDAQ: VERX) reported revenue of $178.5 million in Q4, up 15.2% year-over-year. Consider AI stocks for higher returns.

Read more: Vertex (VERX) Stock Corrected in Q1