Versant (NASDAQ:VSNT) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. began coverage on shares of Versant (NASDAQ:VSNT) in a research report issued on Tuesday. The brokerage set a “neutral” rating and a $43.00 price target on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 4.09% from the company’s current price.

VSNT has been the topic of a number of other reports. Seaport Research Partners began coverage on shares of Versant in a research report on Tuesday, March 31st. They issued a “buy” rating and a $45.00 price objective on the stock. TD Cowen began coverage on shares of Versant in a research report on Monday, March 2nd. They issued a “hold” rating and a $32.00 price objective on the stock. Zacks Research lowered shares of Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Versant from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, Raymond James Financial began coverage on shares of Versant in a research report on Tuesday, January 13th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $38.80.

Versant Stock Performance

Versant stock opened at $41.31 on Tuesday. Versant has a twelve month low of $27.17 and a twelve month high of $59.00. The business has a 50-day simple moving average of $38.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.02 and a current ratio of 4.02.

Insiders Place Their Bets

In related news, Director Michael Aaron Conway bought 1,350 shares of the company’s stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $36.14 per share, for a total transaction of $48,789.00. Following the purchase, the director directly owned 3,728 shares of the company’s stock, valued at approximately $134,729.92. The trade was a 56.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald L. Hassell bought 10,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was bought at an average price of $36.07 per share, for a total transaction of $360,700.00. Following the completion of the purchase, the director directly owned 12,680 shares in the company, valued at approximately $457,367.60. This represents a 373.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 154,350 shares of company stock worth $5,679,039 in the last three months.

Hedge Funds Weigh In On Versant

A number of hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new position in Versant in the 1st quarter worth about $2,381,000. Harbor Advisors LLC bought a new position in shares of Versant during the first quarter valued at approximately $278,000. Dimensional Fund Advisors LP bought a new position in shares of Versant during the first quarter valued at approximately $41,747,000. Balefire LLC bought a new position in shares of Versant during the first quarter valued at approximately $290,000. Finally, Parallel Advisors LLC bought a new position in shares of Versant during the first quarter valued at approximately $32,000.

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.