Versus Systems (NASDAQ:VS) Price Target Lowered to $2.50 at HC Wainwright

Versus Systems (NASDAQ:VSGet Rating) had its price target reduced by HC Wainwright from $3.50 to $2.50 in a report issued on Friday, The Fly reports.

Separately, Zacks Investment Research lowered shares of Versus Systems from a buy rating to a hold rating in a report on Wednesday, January 26th.

Shares of NASDAQ:VS traded down $0.02 during trading hours on Friday, hitting $1.01. 8,832 shares of the company’s stock traded hands, compared to its average volume of 65,521. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.06. Versus Systems has a 1 year low of $1.00 and a 1 year high of $9.88. The business has a fifty day moving average price of $1.23 and a 200-day moving average price of $2.17.

Institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors Inc. grew its holdings in shares of Versus Systems by 2.1% during the third quarter. Wasatch Advisors Inc. now owns 876,328 shares of the company’s stock worth $3,225,000 after buying an additional 17,821 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Versus Systems during the second quarter worth $59,000. Renaissance Technologies LLC purchased a new stake in shares of Versus Systems during the fourth quarter worth $41,000. Virtu Financial LLC purchased a new stake in shares of Versus Systems during the fourth quarter worth $30,000. Finally, EMC Capital Management purchased a new stake in shares of Versus Systems during the fourth quarter worth $86,000. 7.70% of the stock is owned by institutional investors and hedge funds.

About Versus Systems (Get Rating)

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company operates eXtreme Engagement Online, a platform that allows live event producers, professional sports franchises, video game publishers and developers, live event producers, and professional sports franchises, as well as other interactive media content creators, to offer in-game prizing and rewards based on the completion of in-content challenges alongside other user engagement tools.

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