Q3 2023 EPS Estimates for Versus Systems Inc. Boosted by Analyst (NASDAQ:VS)

Versus Systems Inc. (NASDAQ:VS) – Equities researchers at HC Wainwright upped their Q3 2023 EPS estimates for shares of Versus Systems in a research note issued on Tuesday, September 5th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings of ($0.18) per share for the quarter, up from their previous forecast of ($0.22). HC Wainwright has a “Neutral” rating on the stock. The consensus estimate for Versus Systems’ current full-year earnings is ($0.89) per share. HC Wainwright also issued estimates for Versus Systems’ Q4 2023 earnings at ($0.19) EPS, FY2023 earnings at ($0.72) EPS and FY2024 earnings at ($0.60) EPS.

Versus Systems (NASDAQ:VS) last issued its earnings results on Monday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.11. Versus Systems had a negative net margin of 2,512.55% and a negative return on equity of 116.79%. The business had revenue of $0.06 million during the quarter, compared to analysts’ expectations of $0.28 million.

Versus Systems Stock Performance

Shares of Versus Systems stock opened at $0.26 on Thursday. Versus Systems has a 1 year low of $0.23 and a 1 year high of $5.96. The company has a market capitalization of $2.77 million, a P/E ratio of -0.03 and a beta of 1.96. The company’s fifty day moving average is $0.38 and its two-hundred day moving average is $0.54.

Institutional Trading of Versus Systems

Several hedge funds have recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in shares of Versus Systems in the fourth quarter valued at about $64,000. Peapack Gladstone Financial Corp acquired a new stake in shares of Versus Systems in the first quarter valued at about $59,000. Verition Fund Management LLC acquired a new stake in shares of Versus Systems in the first quarter valued at about $253,000. Finally, Wasatch Advisors Inc. lifted its stake in shares of Versus Systems by 105.1% in the first quarter. Wasatch Advisors Inc. now owns 1,797,011 shares of the company’s stock valued at $2,426,000 after purchasing an additional 920,683 shares during the period. Institutional investors and hedge funds own 1.74% of the company’s stock.

About Versus Systems

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.