Versant (NASDAQ:VSNT) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Versant Corporation (NASDAQ:VSNT) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $39.15. Versant shares last traded at $38.63, with a volume of 2,000,167 shares traded.

Wall Street Analyst Weigh In

VSNT has been the topic of several research analyst reports. Zacks Research cut Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. TD Cowen started coverage on shares of Versant in a report on Monday, March 2nd. They issued a “hold” rating and a $32.00 price target on the stock. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. began coverage on shares of Versant in a research report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.40.

Versant Stock Performance

The stock’s 50-day moving average is $40.82. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market capitalization of $5.39 billion and a price-to-earnings ratio of 19.20.

Versant (NASDAQ:VSNT) last announced its earnings results on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.30. The firm had revenue of $1.69 billion during the quarter. As a group, research analysts forecast that Versant Corporation will post 4.35 earnings per share for the current fiscal year.

Versant Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a $0.375 dividend. The ex-dividend date is Wednesday, July 1st. Versant’s dividend payout ratio is 75.38%.

Institutional Trading of Versant

Hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA purchased a new stake in shares of Versant in the 4th quarter worth about $24,134,000. Cheviot Value Management LLC purchased a new position in Versant during the 4th quarter valued at about $795,000. HBK Sorce Advisory LLC bought a new stake in Versant during the fourth quarter worth about $646,000. Janney Montgomery Scott LLC bought a new stake in Versant during the fourth quarter worth about $203,000. Finally, Barclays PLC purchased a new stake in Versant in the fourth quarter worth about $112,000.

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.