Versant (NASDAQ:VSNT) Raised to “Neutral” at Arete Research

Versant (NASDAQ:VSNT) was upgraded by equities researchers at Arete Research from a “sell” rating to a “neutral” rating in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a $40.00 target price on the stock. Arete Research’s target price indicates a potential upside of 11.42% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Seaport Research Partners reaffirmed a “buy” rating and issued a $46.00 price target on shares of Versant in a report on Monday, May 18th. The Goldman Sachs Group boosted their price objective on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. began coverage on shares of Versant in a research report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective on the stock. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Zacks Research downgraded shares of Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Versant currently has an average rating of “Hold” and a consensus price target of $41.80.

Versant Price Performance

VSNT opened at $35.90 on Friday. The stock has a market cap of $5.07 billion and a price-to-earnings ratio of 18.04. Versant has a one year low of $27.17 and a one year high of $59.00. The firm’s fifty day moving average price is $39.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.32 and a quick ratio of 2.32.

Versant (NASDAQ:VSNT) last issued its quarterly earnings data on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.30. The business had revenue of $1.69 billion during the quarter. On average, analysts expect that Versant will post 4.38 earnings per share for the current year.

Institutional Investors Weigh In On Versant

Hedge funds have recently added to or reduced their stakes in the company. Citizens National Bank Trust Department purchased a new position in shares of Versant in the 1st quarter worth about $26,000. Root Financial Partners LLC purchased a new position in shares of Versant during the 1st quarter valued at about $28,000. Parallel Advisors LLC purchased a new position in shares of Versant during the 1st quarter valued at about $32,000. Advocate Investing Services LLC purchased a new position in shares of Versant during the 1st quarter valued at about $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Versant in the 1st quarter worth approximately $35,000.

About Versant

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.