Versant (NASDAQ:VSNT) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Versant (NASDAQ:VSNT) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

A number of other research analysts also recently commented on VSNT. Weiss Ratings downgraded Versant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group boosted 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. Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price target for the company in a research report on Friday, July 17th. JPMorgan Chase & Co. initiated coverage on shares of Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective on the stock. Finally, TD Cowen lifted their price objective on shares of Versant from $35.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.20.

Versant Trading Up 0.7%

NASDAQ VSNT opened at $39.49 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.38 and a current ratio of 2.38. Versant has a one year low of $27.17 and a one year high of $59.00. The company has a 50-day simple moving average of $37.19 and a 200-day simple moving average of $37.15. The firm has a market capitalization of $5.48 billion and a PE ratio of 11.35.

Versant (NASDAQ:VSNT) last issued its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.10. The business had revenue of $1.64 billion during the quarter. On average, equities analysts forecast that Versant will post 4.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VSNT. Dimensional Fund Advisors LP acquired a new stake in Versant in the first quarter worth about $41,747,000. Principal Financial Group Inc. bought a new stake in shares of Versant during the 1st quarter worth about $26,331,000. Bank of America Corp DE bought a new stake in shares of Versant during the 1st quarter worth about $25,317,000. Bank of New York Mellon Corp bought a new stake in shares of Versant during the 1st quarter worth about $24,475,000. Finally, Empyrean Capital Partners LP acquired a new stake in shares of Versant in the 1st quarter worth approximately $14,243,000.

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.