Versant Corporation (NASDAQ:VSNT) Given Average Rating of “Hold” by Analysts

Shares of Versant Corporation (NASDAQ:VSNT) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $43.20.

Several equities analysts recently issued reports on VSNT shares. TD Cowen upped their price objective on shares of Versant from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Weiss Ratings cut shares of Versant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Seaport Research Partners reiterated a “buy” rating and issued a $46.00 price target on shares of Versant in a report on Monday, May 18th. Zacks Research raised Versant from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group raised 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.

Versant Trading Up 0.7%

Versant stock opened at $39.49 on Wednesday. The stock has a 50-day moving average price of $37.19 and a 200 day moving average price of $37.15. Versant has a 52 week low of $27.17 and a 52 week high of $59.00. The stock has a market cap of $5.48 billion and a PE ratio of 11.35. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.35.

Versant (NASDAQ:VSNT) last released its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.10. The firm had revenue of $1.64 billion during the quarter. Equities research analysts predict that Versant will post 4.04 earnings per share for the current fiscal year.

Institutional Trading of Versant

A number of hedge funds have recently added to or reduced their stakes in VSNT. Dimensional Fund Advisors LP acquired a new position in shares of Versant during the 1st quarter valued at about $41,747,000. Principal Financial Group Inc. acquired a new stake in shares of Versant in the first quarter worth approximately $26,331,000. Bank of America Corp DE acquired a new stake in shares of Versant in the first quarter worth approximately $25,317,000. Bank of New York Mellon Corp purchased a new stake in Versant in the first quarter valued at approximately $24,475,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Versant in the fourth quarter valued at approximately $24,134,000.

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.