Versigent (NYSE:VGNT) Trading 10.2% Higher – Time to Buy?

Versigent (NYSE:VGNT) shares traded up 10.2% during mid-day trading on Wednesday . The stock traded as high as $49.92 and last traded at $49.7680. 2,825,330 shares changed hands during trading, an increase of 7% from the average session volume of 2,647,249 shares. The stock had previously closed at $45.16.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Zacks Research raised Versigent to a “hold” rating in a research note on Thursday, April 16th. Wolfe Research assumed coverage on Versigent in a research note on Thursday, April 30th. They set an “outperform” rating and a $53.00 price target on the stock. Evercore reaffirmed an “outperform” rating and set a $60.00 price target on shares of Versigent in a research note on Monday, May 18th. UBS Group upped their price target on Versigent from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, TD Cowen increased their price objective on shares of Versigent from $47.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.67.

Versigent Stock Up 10.2%

The business has a 50 day simple moving average of $38.18.

Versigent (NYSE:VGNT) last released its quarterly earnings data on Tuesday, May 5th. The company reported $999.00 earnings per share for the quarter.