Varonis Systems, Inc. (NASDAQ:VRNS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) have received an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $41.35.

A number of brokerages recently issued reports on VRNS. UBS Group boosted their price objective on Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Citigroup lifted their price target on shares of Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Needham & Company LLC increased their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Stephens raised their price objective on shares of Varonis Systems from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company lifted their target price on shares of Varonis Systems from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th.

Varonis Systems Trading Up 1.4%

NASDAQ:VRNS opened at $34.32 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of -30.01 and a beta of 0.89. Varonis Systems has a one year low of $19.70 and a one year high of $63.90. The business has a fifty day moving average price of $28.35 and a 200-day moving average price of $28.52.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $173.13 million for the quarter, compared to the consensus estimate of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.Varonis Systems’s revenue for the quarter was up 26.9% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. Sell-side analysts forecast that Varonis Systems will post -1.04 EPS for the current year.

Hedge Funds Weigh In On Varonis Systems

Hedge funds have recently made changes to their positions in the business. Hodges Capital Management Inc. grew its holdings in Varonis Systems by 146.3% during the 3rd quarter. Hodges Capital Management Inc. now owns 126,450 shares of the technology company’s stock valued at $7,267,000 after buying an additional 75,120 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Varonis Systems in the third quarter worth $13,731,000. Vanguard Group Inc. boosted its position in shares of Varonis Systems by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after acquiring an additional 822,925 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new position in shares of Varonis Systems during the fourth quarter worth $2,784,000. Finally, Ion Asset Management Ltd. purchased a new position in Varonis Systems during the third quarter valued at $5,172,000. Institutional investors own 95.65% of the company’s stock.

About Varonis Systems

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.