HC Wainwright Cuts Versus Systems (NASDAQ:VS) Price Target to $1.50

Versus Systems (NASDAQ:VS) had its price objective lowered by HC Wainwright from $2.00 to $1.50 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Versus Systems Price Performance

Shares of NASDAQ VS opened at $1.32 on Thursday. Versus Systems has a 12-month low of $1.23 and a 12-month high of $20.80. The company’s fifty day simple moving average is $1.61 and its 200 day simple moving average is $2.19.

Versus Systems (NASDAQ:VS) last issued its earnings results on Wednesday, May 15th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.04). Versus Systems had a negative return on equity of 204.20% and a negative net margin of 7,480.35%. The company had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.01 million. As a group, sell-side analysts forecast that Versus Systems will post -2.01 EPS for the current fiscal year.

About Versus Systems

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.