Fintel reports that on May 19, 2023, HC Wainwright & Co. maintained coverage of Versus Systems (NASDAQ:VS) with a Neutral recommendation.
Analyst Price Forecast Suggests 25.43% Upside
As of May 11, 2023, the average one-year price target for Versus Systems is 0.76. The forecasts range from a low of 0.76 to a high of $0.79. The average price target represents an increase of 25.43% from its latest reported closing price of 0.61.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Versus Systems is 4MM, an increase of 272.95%. The projected annual non-GAAP EPS is -5.08.
What is the Fund Sentiment?
There are 8 funds or institutions reporting positions in Versus Systems. This is a decrease of 2 owner(s) or 20.00% in the last quarter. Average portfolio weight of all funds dedicated to VS is 0.00%, a decrease of 2.61%. Total shares owned by institutions decreased in the last three months by 26.59% to 495K shares. 
The put/call ratio of VS is 0.00, indicating a bullish outlook.
What are Other Shareholders Doing?
Warberg Asset Management holds 223K shares representing 2.08% ownership of the company. In it's prior filing, the firm reported owning 443K shares, representing a decrease of 98.45%. The firm decreased its portfolio allocation in VS by 17.73% over the last quarter.
Ayrton Capital holds 100K shares representing 0.93% ownership of the company. No change in the last quarter.
Cvi Holdings holds 100K shares representing 0.93% ownership of the company. No change in the last quarter.
Citadel Advisors holds 54K shares representing 0.50% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
EMC Capital Management holds 18K shares representing 0.17% ownership of the company. No change in the last quarter.
Versus Systems Background Information
(This description is provided by the company.)
Versus Systems Inc. operates as a video game software company. The Company develops a technology that allows video game publishers and developers to offer real-money and prize based matches and tournaments featuring their games. Versus Systems conducts its business in North America.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
