Versant Corporation (NASDAQ:VSNT) Given Average Recommendation of “Hold” by Brokerages

Shares of Versant Corporation (NASDAQ:VSNTGet Free Report) have been given an average rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $40.40.

VSNT has been the subject of several recent research reports. The Goldman Sachs Group raised their target price on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. TD Cowen started coverage on shares of Versant in a report on Monday, March 2nd. They issued a “hold” rating and a $32.00 price objective for the company. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. started coverage on shares of Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective for the company. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Versant in a report on Monday, May 18th.

Get Our Latest Report on Versant

Versant Price Performance

Shares of Versant stock opened at $38.53 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $40.82. Versant has a 1 year low of $27.17 and a 1 year high of $59.00. The stock has a market capitalization of $5.44 billion and a PE ratio of 19.36.

Versant (NASDAQ:VSNTGet Free Report) last issued its earnings results on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.30. The business had revenue of $1.69 billion for the quarter. As a group, equities analysts expect that Versant will post 4.35 EPS for the current year.

Versant Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. Versant’s payout ratio is presently 75.38%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSNT. Citizens National Bank Trust Department purchased a new position in Versant in the first quarter valued at $26,000. Root Financial Partners LLC purchased a new position in Versant in the first quarter valued at $28,000. Parallel Advisors LLC purchased a new position in Versant in the first quarter valued at $32,000. Advocate Investing Services LLC purchased a new position in Versant in the first quarter valued at $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Versant in the first quarter valued at $35,000.

Versant Company Profile

(Get Free Report)

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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Analyst Recommendations for Versant (NASDAQ:VSNT)

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