Versant Corporation (NASDAQ:VSNT) Given Consensus Rating of "Hold" by Analysts

Key Points

• Versant has a consensus “Hold” rating from eight analysts: six holds, one buy, and one strong buy. The average 12-month price target is $43.20.
• Recent analyst actions were generally neutral, with price targets ranging from $39 to $46; Seaport Research Partners maintained a buy rating, while JPMorgan, Goldman Sachs, and TD Cowen kept neutral or hold views.
• Versant reported quarterly EPS of $1.49, exceeding the $1.39 consensus estimate, on $1.64 billion in revenue. The company also paid a quarterly dividend of $0.375 per share, with a current payout ratio of 75.38%.

Shares of Versant Corporation (NASDAQ:VSNT - Get Free Report) have received a consensus recommendation of "Hold" from the eight research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $43.20.

Several equities analysts have recently issued reports on VSNT shares. JPMorgan Chase & Co. initiated coverage on Versant in a research report on Tuesday, May 12th. They set a "neutral" rating and a $43.00 price objective for the company. Weiss Ratings upgraded Versant from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, May 21st. The Goldman Sachs Group lifted their target price on Versant from $37.00 to $42.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. TD Cowen lifted their target price on Versant from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Friday. Finally, Seaport Research Partners reiterated a "buy" rating and set a $46.00 price target on shares of Versant in a research report on Monday, May 18th.

Institutional Investors Weigh In On Versant

Several institutional investors have recently bought and sold shares of the stock. Citizens National Bank Trust Department acquired a new position in Versant during the 1st quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in shares of Versant in the 1st quarter worth approximately $28,000. Parallel Advisors LLC acquired a new stake in shares of Versant in the 1st quarter worth approximately $32,000. Advocate Investing Services LLC bought a new position in shares of Versant in the first quarter valued at approximately $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Versant in the first quarter valued at approximately $35,000.

Versant Stock Performance

Versant stock opened at $36.76 on Wednesday. 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 firm has a 50-day moving average price of $37.34 and a two-hundred day moving average price of $36.91. The firm has a market capitalization of $5.10 billion and a price-to-earnings ratio of 18.47. Versant has a 52-week low of $27.17 and a 52-week high of $59.00.

Versant (NASDAQ:VSNT - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.49 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. Sell-side analysts expect that Versant will post 4.28 earnings per share for the current year.

Versant Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were paid a dividend of $0.375 per share. The ex-dividend date was Wednesday, July 1st. Versant's payout ratio is currently 75.38%.

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.

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