Versant Corporation (NASDAQ:VSNT) Stock Has Consensus Price Target of $42.29 According to Brokerages

Shares of Versant Corporation (NASDAQ:VSNT) have earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $42.29.

A number of equities research analysts have commented on the stock. Weiss Ratings cut shares of Versant from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Citigroup began coverage on shares of Versant in a report on Thursday, September 24th. They set a “buy” rating and a $41.00 price objective on the stock. Zacks Research upgraded shares of Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, October 16th. TD Cowen increased their price objective on shares of Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Finally, Morgan Stanley assumed coverage on Versant in a research note on Thursday, October 15th. They issued an “equal weight” rating and a $38.00 target price for the company.

Versant Stock Performance

Shares of VSNT stock opened at $31.43 on Monday. The company has a market cap of $4.36 billion and a price-to-earnings ratio of 9.03. Versant has a 52 week low of $27.17 and a 52 week high of $59.00. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $35.31 and a 200-day moving average of $37.69.

Versant (NASDAQ:VSNT) last released 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 company had revenue of $1.64 billion during the quarter. On average, equities analysts forecast that Versant will post 4.10 earnings per share for the current year.

Versant Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 1st were paid a dividend of $0.3750 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Thursday, October 1st. Versant’s dividend payout ratio is 43.10%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp bought a new stake in shares of Versant during the second quarter valued at approximately $171,182,000. Dimensional Fund Advisors LP bought a new position in shares of Versant in the 1st quarter worth $41,747,000. Principal Financial Group Inc. acquired a new stake in Versant in the 1st quarter valued at $26,331,000. Bank of America Corp DE acquired a new stake in Versant in the 1st quarter valued at $25,317,000. Finally, Bank of New York Mellon Corp acquired a new stake in Versant in the 1st quarter valued at $24,475,000.

Versant Company Profile

Versant, Inc (NASDAQ: VSNT) is a media and entertainment company formed from selected cable television and digital assets formerly owned by Comcast’s NBCUniversal division. The company develops, produces, distributes and markets entertainment, news, sports and lifestyle content across television networks and digital platforms.

Versant’s portfolio includes USA Network, E!, SYFY, Oxygen, Golf Channel and related digital properties. Its assets also include Fandango and Rotten Tomatoes, which provide movie-ticketing, entertainment information and media-review services.