Versant Corporation (NASDAQ:VSNT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Versant Corporation (NASDAQ:VSNT) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $43.20.

VSNT has been the subject of a number of research analyst reports. TD Cowen upped their price target on shares of Versant from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. assumed coverage on shares of Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 target price on the stock. Zacks Research raised shares of Versant from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price target on the stock in a research report on Friday, July 17th.

Versant Price Performance

VSNT opened at $36.76 on Wednesday. Versant has a one year low of $27.17 and a one year high of $59.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.38 and a current ratio of 2.38. The stock’s fifty day moving average is $37.34 and its 200-day moving average is $36.91. The company has a market capitalization of $5.10 billion and a PE ratio of 18.47.

Versant (NASDAQ:VSNT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.10. The firm had revenue of $1.64 billion during the quarter. On average, equities analysts predict that Versant will post 4.28 EPS for the current fiscal year.

Versant Dividend Announcement

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

Hedge Funds Weigh In On Versant

A number of hedge funds have recently modified their holdings of VSNT. Citizens National Bank Trust Department acquired a new stake in shares of Versant during the first quarter worth $26,000. Root Financial Partners LLC acquired a new position in shares of Versant in the 1st quarter valued at $28,000. Parallel Advisors LLC acquired a new position in shares of Versant in the 1st quarter valued at $32,000. Advocate Investing Services LLC acquired a new position in shares of Versant in the 1st quarter valued at $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Versant in the 1st quarter worth about $35,000.

About Versant

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.