JPMorgan Chase & Co. Issues Pessimistic Forecast for Versant (NASDAQ:VSNT) Stock Price

Versant (NASDAQ:VSNT – Get Free Report) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $43.00 to $39.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 13.87% from the company’s current price.

A number of other research firms have also recently commented on VSNT. Arete Research raised shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 target price for the company in a research report on Friday, July 17th. Weiss Ratings lowered shares of Versant from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Zacks Research raised shares of Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, October 16th. TD Cowen upped their price target on Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $43.00 price objective on shares of Versant in a report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.71.

View Our Latest Analysis on VSNT

Versant Stock Up 4.8%

VSNT traded up $1.56 on Wednesday, hitting $34.25. The company had a trading volume of 2,516,215 shares, compared to its average volume of 2,698,059. The stock has a market capitalization of $4.75 billion and a price-to-earnings ratio of 9.88. 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 has a fifty day moving average price of $34.24 and a 200-day moving average price of $36.25. Versant has a 12-month low of $27.17 and a 12-month high of $59.00.

Versant (NASDAQ:VSNT – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.03 by $0.31. The firm had revenue of $1.59 billion for the quarter. Analysts predict that Versant will post 4.10 EPS for the current fiscal year.

Hedge Funds Weigh In On Versant

Several hedge funds and other institutional investors have recently modified their holdings of VSNT. M&G PLC grew its position in Versant by 8.1% during the 3rd quarter. M&G PLC now owns 388,852 shares of the company’s stock worth $12,443,000 after purchasing an additional 29,213 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Versant by 145.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 67,653 shares of the company’s stock worth $2,086,000 after buying an additional 40,115 shares during the last quarter. Ethic Inc. acquired a new stake in shares of Versant during the third quarter worth $621,000. Kestra Advisory Services LLC lifted its stake in shares of Versant by 44.2% during the third quarter. Kestra Advisory Services LLC now owns 21,739 shares of the company’s stock worth $689,000 after buying an additional 6,663 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Versant by 59.4% during the third quarter. Covestor Ltd now owns 4,606 shares of the company’s stock worth $146,000 after buying an additional 1,716 shares during the period.

Key Headlines Impacting Versant

Here are the key news stories impacting Versant this week:

About Versant

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Versant (NASDAQ:VSNT)

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