Varonis Systems, Inc. (NASDAQ:VRNS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $59.7895.

A number of equities analysts have issued reports on the stock. Piper Sandler cut their target price on shares of Varonis Systems from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Barclays increased their price target on Varonis Systems from $62.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Truist Financial restated a “buy” rating and set a $50.00 price objective (down from $70.00) on shares of Varonis Systems in a research note on Wednesday, October 29th. Royal Bank Of Canada reduced their price target on shares of Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Finally, Needham & Company LLC lowered their price target on shares of Varonis Systems from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th.

Hedge Funds Weigh In On Varonis Systems

Several hedge funds and other institutional investors have recently made changes to their positions in VRNS. Bessemer Group Inc. increased its position in Varonis Systems by 179.1% in the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock valued at $25,000 after acquiring an additional 317 shares during the period. Allworth Financial LP raised its stake in shares of Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after purchasing an additional 463 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Varonis Systems in the third quarter worth about $42,000. Quarry LP grew its position in Varonis Systems by 31.8% in the 1st quarter. Quarry LP now owns 1,082 shares of the technology company’s stock valued at $44,000 after buying an additional 261 shares in the last quarter. Finally, First Horizon Corp acquired a new position in Varonis Systems during the 3rd quarter valued at about $45,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Stock Performance

Varonis Systems stock opened at $33.16 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.81 and a quick ratio of 1.81. Varonis Systems has a 12 month low of $30.02 and a 12 month high of $63.90. The company has a fifty day moving average price of $41.77 and a two-hundred day moving average price of $49.97. The company has a market cap of $3.91 billion, a PE ratio of -32.51 and a beta of 0.64.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 21.91%. The company had revenue of $161.58 million for the quarter, compared to the consensus estimate of $166.47 million. During the same period last year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. Research analysts expect that Varonis Systems will post -0.83 earnings per share for the current year.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.