Versant Corporation (NASDAQ:VSNT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.
Wall Street Analyst Weigh In
Several analysts recently issued reports on VSNT shares. Arete Research raised shares of Versant from a "sell" rating to a "neutral" rating and set a $40.00 price objective for the company in a report on Friday, July 17th. JPMorgan Chase & Co. assumed coverage on shares of Versant in a research report on Tuesday, May 12th. They set a "neutral" rating and a $43.00 target price for the company. The Goldman Sachs Group upped their price target on shares of Versant from $37.00 to $42.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Seaport Research Partners reaffirmed a "buy" rating and issued a $46.00 price target on shares of Versant in a research report on Monday, May 18th. Finally, Zacks Research lowered Versant from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Versant presently has an average rating of "Hold" and a consensus price target of $43.20.
View Our Latest Stock Analysis on VSNT
Versant Stock Down 1.5%
The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.45 billion and a P/E ratio of 11.28. The firm has a 50-day moving average price of $37.17 and a two-hundred day moving average price of $37.44.
Versant (NASDAQ:VSNT - Get Free Report) last announced 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 company had revenue of $1.64 billion during the quarter. Equities research analysts anticipate that Versant Corporation will post 4.04 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in VSNT. Citizens National Bank Trust Department bought a new stake in shares of Versant in the first quarter valued at about $26,000. Root Financial Partners LLC bought a new position in Versant during the first quarter valued at about $28,000. Parallel Advisors LLC acquired a new position in Versant in the 1st quarter valued at approximately $32,000. Advocate Investing Services LLC acquired a new position in Versant in the 1st quarter valued at approximately $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Versant in the 1st quarter worth approximately $35,000.
About Versant
(
Get Free Report)
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.
Further Reading
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