Versant (NASDAQ:VSNT) Shares Up 4.6% – Should You Buy?

Versant Corporation (NASDAQ:VSNT)’s share price was up 4.6% during mid-day trading on Friday . The stock traded as high as $41.40 and last traded at $41.30. Approximately 427,360 shares changed hands during trading, a decline of 85% from the average daily volume of 2,932,162 shares. The stock had previously closed at $39.48.

Analyst Upgrades and Downgrades

VSNT has been the subject of several recent research reports. Seaport Research Partners restated a “buy” rating and issued a $46.00 price target on shares of Versant in a report on Monday, May 18th. TD Cowen increased their price objective on shares of Versant from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Versant from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Zacks Research downgraded shares of Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, 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 research note on Friday, July 17th. One investment 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, the stock currently has an average rating of “Hold” and a consensus target price of $43.20.

Versant Stock Performance

The business has a 50-day moving average of $37.20 and a two-hundred day moving average of $37.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market cap of $5.70 billion and a P/E ratio of 11.81.

Versant (NASDAQ:VSNT) last announced its earnings results on Thursday, August 6th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.10. The firm had revenue of $1.64 billion during the quarter. On average, sell-side analysts predict that Versant Corporation will post 4.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cheviot Value Management LLC purchased a new stake in Versant during the fourth quarter valued at approximately $795,000. HBK Sorce Advisory LLC acquired a new stake in Versant in the fourth quarter valued at approximately $646,000. Janney Montgomery Scott LLC acquired a new stake in Versant in the fourth quarter valued at approximately $203,000. Barclays PLC purchased a new position in Versant in the fourth quarter worth $112,000. Finally, State of Tennessee Department of Treasury purchased a new position in Versant in the fourth quarter worth $3,460,000.

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.