Varonis Systems (NASDAQ:VRNS) Price Target Raised to $56.00

Key Points

• TD Cowen raised Varonis Systems’ price target from $53 to $56 and maintained a “buy” rating, implying 16.79% potential upside from the stock’s reported $47.95 price.
• Analyst sentiment remains broadly positive: 16 analysts rate the stock a Buy, seven rate it Hold, and one rates it Sell, resulting in a consensus “Moderate Buy” rating and a $49.95 target price.
• Varonis exceeded quarterly expectations, reporting $0.04 in EPS versus a $0.01 consensus estimate and $180.02 million in revenue, up 18.3% year over year, though it continues to report negative net margins and return on equity.

Varonis Systems (NASDAQ:VRNS - Get Free Report) had its price target increased by investment analysts at TD Cowen from $53.00 to $56.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. TD Cowen's price target would suggest a potential upside of 16.79% from the company's current price.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Varonis Systems from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday. Barclays decreased their target price on shares of Varonis Systems from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, July 29th. Stephens raised shares of Varonis Systems from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $33.00 to $45.00 in a report on Wednesday, June 24th. Truist Financial increased their price target on shares of Varonis Systems from $34.00 to $52.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company raised their price target on shares of Varonis Systems from $35.00 to $50.00 and gave the company an "overweight" rating in a research report on Monday, July 20th. Sixteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.95.

Varonis Systems Stock Performance

VRNS traded up $1.58 during trading on Tuesday, reaching $47.95. 256,463 shares of the company's stock were exchanged, compared to its average volume of 2,411,219. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. Varonis Systems has a 1 year low of $19.70 and a 1 year high of $63.80. The company's fifty day simple moving average is $45.43 and its 200-day simple moving average is $37.33. The stock has a market capitalization of $5.51 billion, a P/E ratio of -38.98 and a beta of 0.77.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $180.02 million for the quarter, compared to the consensus estimate of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. As a group, research analysts predict that Varonis Systems will post -0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Varonis Systems in the second quarter valued at approximately $55,000. EverSource Wealth Advisors LLC lifted its stake in Varonis Systems by 161.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company's stock worth $29,000 after acquiring an additional 839 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in Varonis Systems during the 2nd quarter worth approximately $71,000. Fifth Third Bancorp grew its holdings in Varonis Systems by 10,694.1% during the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company's stock worth $39,000 after acquiring an additional 1,818 shares in the last quarter. Finally, Essential Partners LLC increased its position in shares of Varonis Systems by 72.5% in the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company's stock valued at $44,000 after purchasing an additional 863 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

About Varonis Systems

Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.

The company's offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.