Versant (NASDAQ:VSNT) Upgraded at Arete Research

Versant (NASDAQ:VSNT) was upgraded by investment analysts at Arete Research from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a $40.00 price objective on the stock. Arete Research’s price target would indicate a potential upside of 10.04% from the company’s current price.

Several other analysts also recently commented on VSNT. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Seaport Research Partners reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Versant in a research note on Monday, May 18th. Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. The Goldman Sachs Group raised their target price on Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. started coverage on Versant in a research report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price target for the company. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Versant has a consensus rating of “Hold” and an average target price of $41.80.

Versant Price Performance

VSNT opened at $36.35 on Friday. The stock has a market cap of $5.13 billion and a P/E ratio of 18.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.32 and a quick ratio of 2.32. Versant has a fifty-two week low of $27.17 and a fifty-two week high of $59.00. The business’s 50-day moving average price is $39.44.

Versant (NASDAQ:VSNT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.69 by $0.30. The firm had revenue of $1.69 billion during the quarter. On average, equities research analysts expect that Versant will post 4.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new position in Versant in the 1st quarter worth $41,747,000. Principal Financial Group Inc. acquired a new position in Versant during the 1st quarter worth $26,331,000. Bank of America Corp DE bought a new stake in Versant during the first quarter valued at about $25,317,000. Bank of New York Mellon Corp bought a new stake in Versant during the first quarter valued at about $24,475,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Versant in the fourth quarter valued at about $24,134,000.

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.