Versant (NASDAQ:VSNT – Get Free Report) was upgraded by analysts at Citigroup to a “strong-buy” rating in a report released on Wednesday, Zacks reports.
VSNT has been the topic of several other reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $43.00 price objective on shares of Versant in a report on Friday, September 18th. TD Cowen lifted their target price on shares of Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Weiss Ratings lowered shares of Versant from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 9th. Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, 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 report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.00.
View Our Latest Report on VSNT
Versant Stock 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 for the quarter, topping the consensus estimate of $1.39 by $0.10. The firm had revenue of $1.64 billion for the quarter. On average, equities research analysts forecast that Versant will post 4.04 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. State Street Corp bought a new position in shares of Versant in the second quarter worth $171,182,000. Dimensional Fund Advisors LP bought a new stake in Versant during the first quarter valued at $41,747,000. Principal Financial Group Inc. purchased a new position in Versant during the first quarter worth about $26,331,000. Bank of America Corp DE purchased a new position in Versant during the first quarter worth about $25,317,000. Finally, Bank of New York Mellon Corp bought a new position in Versant in the 1st quarter worth about $24,475,000.
Versant Company Profile
Versant is a media and entertainment company formed through the separation of Comcast’s cable-network and digital-media businesses. The company operates a portfolio of television networks and related platforms that provide news, sports, entertainment and lifestyle programming to audiences in the United States and internationally.
Its brands include USA Network, CNBC, MSNBC, E!, Syfy, Oxygen and Golf Channel. Versant also has digital and consumer-facing businesses associated with its media portfolio, including Fandango, Rotten Tomatoes and Xumo.
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