Versant (NASDAQ:VSNT) Rating Lowered to Hold at Zacks Research

Versant (NASDAQ:VSNT) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the company. Arete Research upgraded Versant from a “sell” rating to a “neutral” rating and set a $40.00 price target for the company in a research report on Friday, July 17th. TD Cowen raised their target price on shares of Versant from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday, August 7th. The Goldman Sachs Group lifted their target price on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Seaport Research Partners reiterated a “buy” rating and issued a $46.00 price target on shares of Versant in a research report on Monday, May 18th. Finally, Weiss Ratings cut shares of Versant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.20.

Versant Stock Performance

VSNT opened at $39.49 on Monday. Versant has a 1-year low of $27.17 and a 1-year high of $59.00. The stock has a market cap of $5.48 billion and a P/E ratio of 11.35. The stock’s 50 day simple moving average is $37.19 and its 200 day simple moving average is $37.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.38 and a quick ratio of 2.38.

Versant (NASDAQ:VSNT) last issued its quarterly earnings data 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 for the quarter. As a group, equities analysts anticipate that Versant will post 4.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Versant

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC purchased a new stake in Versant in the 1st quarter valued at about $6,518,000. Sequoia Financial Advisors LLC purchased a new position in shares of Versant during the 1st quarter worth about $1,043,000. Principal Financial Group Inc. purchased a new position in shares of Versant during the 1st quarter worth about $26,331,000. Bank of America Corp DE purchased a new position in shares of Versant during the 1st quarter worth about $25,317,000. Finally, Empowered Funds LLC acquired a new stake in shares of Versant in the first quarter worth approximately $1,630,000.

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.