Versant (NASDAQ:VSNT) Stock Passes Above 200-Day Moving Average – Here’s Why

Versant Corporation (NASDAQ:VSNT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.44 and traded as high as $39.99. Versant shares last traded at $39.27, with a volume of 886,390 shares traded.

Analyst Ratings Changes

VSNT has been the topic of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. TD Cowen boosted their price objective on shares of Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Arete Research upgraded Versant from a “sell” rating to a “neutral” rating and set a $40.00 target price for the company in a report on Friday, July 17th. Zacks Research cut Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Weiss Ratings upgraded Versant from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Versant presently has a consensus rating of “Hold” and a consensus target price of $43.20.

Versant Price Performance

The company has a market cap of $5.70 billion and a PE ratio of 11.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.38 and a quick ratio of 2.38. The stock’s 50-day moving average is $37.20 and its 200 day moving average is $37.51.

Versant (NASDAQ:VSNT) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.10. The firm had revenue of $1.64 billion during the quarter. On average, equities analysts anticipate that Versant Corporation will post 4.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Versant Company Profile

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.