Shares of Varonis Systems, Inc. (NASDAQ:VRNS – Get Free Report) have been assigned an average recommendation of “Hold” from the twenty-seven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $50.39.
Several brokerages recently issued reports on VRNS. UBS Group raised their price target on Varonis Systems from $37.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Wolfe Research downgraded shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Robert W. Baird raised their price target on shares of Varonis Systems from $45.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. Truist Financial downgraded Varonis Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. Finally, Wedbush raised their target price on Varonis Systems from $46.00 to $49.75 and gave the company a “neutral” rating in a research report on Friday, October 16th.
Get Our Latest Analysis on VRNS
Varonis Systems Stock Up 0.3%
Shares of NASDAQ:VRNS opened at $48.96 on Friday. The company’s fifty day moving average is $47.71 and its two-hundred day moving average is $36.02. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65. Varonis Systems has a 1-year low of $19.70 and a 1-year high of $50.31. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of -36.81 and a beta of 0.76.
Varonis Systems (NASDAQ:VRNS – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $189.46 million during the quarter, compared to analyst estimates of $186.74 million. Varonis Systems had a negative net margin of 21.38% and a negative return on equity of 21.47%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. Equities analysts anticipate that Varonis Systems will post -0.93 EPS for the current year.
Institutional Investors Weigh In On Varonis Systems
Several institutional investors have recently bought and sold shares of VRNS. EverSource Wealth Advisors LLC raised its position in shares of Varonis Systems by 161.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock worth $29,000 after buying an additional 839 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Varonis Systems by 10,694.1% in the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock worth $39,000 after buying an additional 1,818 shares in the last quarter. Essential Partners LLC lifted its holdings in shares of Varonis Systems by 72.5% in the first quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock valued at $44,000 after buying an additional 863 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Varonis Systems during the second quarter valued at about $55,000. Finally, Parallel Advisors LLC raised its position in Varonis Systems by 1,025.4% in the first quarter. Parallel Advisors LLC now owns 3,320 shares of the technology company’s stock worth $71,000 after acquiring an additional 3,025 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.
Varonis Systems Company Profile
Varonis Systems, Inc develops cybersecurity software focused on protecting organizations’ data. Its platform helps businesses discover and classify sensitive information, manage access, identify potential threats, and remediate security risks across cloud and on-premises environments.
The company’s offerings include data security, identity security, and threat-detection capabilities. They are designed to help organizations protect information in systems such as Microsoft 365, cloud infrastructure, and other business applications.
Founded in 2005 by Yaki Faitelson and Ohad Korkus, Varonis serves customers internationally.
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