Versant (NASDAQ:VSNT – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.
A number of other analysts have also weighed in on the stock. Arete Research raised shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price objective for the company in a research note on Friday, July 17th. JPMorgan Chase & Co. assumed coverage on shares of Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price target for the company. TD Cowen boosted their price target on shares of Versant from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday, August 7th. The Goldman Sachs Group upped their price target on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings downgraded shares of Versant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Versant presently has a consensus rating of “Hold” and a consensus target price of $43.20.
Get Our Latest Analysis on VSNT
Versant Price Performance
Versant (NASDAQ:VSNT – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.10. The firm had revenue of $1.64 billion for the quarter. On average, analysts predict that Versant will post 4.04 EPS for the current fiscal year.
Institutional Investors Weigh In On Versant
A number of institutional investors have recently added to or reduced their stakes in the stock. Cheviot Value Management LLC purchased a new position in Versant in the fourth quarter valued at about $795,000. HBK Sorce Advisory LLC purchased a new stake in shares of Versant during the fourth quarter valued at about $646,000. Janney Montgomery Scott LLC bought a new stake in shares of Versant in the 4th quarter valued at about $203,000. Barclays PLC bought a new stake in shares of Versant in the 4th quarter valued at about $112,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of Versant in the 4th quarter worth approximately $3,460,000.
About Versant
Versant Corporation is a provider of data management software. The Company designs, develops, markets and supports database management system products that companies use to solve data management and data integration issues. It also provides related product support, training and consulting services to assist users of the Company’s products in developing and deploying software applications based on its products. The Company’s Versant Object Database product is used primarily by enterprises, which have data management requirements, such as technology providers, telecommunications carriers, Government defense agencies, defense contractors, healthcare companies and companies in the financial services and transportation industries.
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