Verso (NYSE:VRS) has been assigned a $20.00 target price by research analysts at B. Riley in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the basic materials company’s stock. B. Riley’s target price points to a potential upside of 18.06% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Verso from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research report on Tuesday, October 24th. ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, BWS Financial boosted their target price on shares of Verso from $15.00 to $20.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 17th.

Verso (VRS) traded down $0.92 during trading on Wednesday, reaching $16.94. 398,700 shares of the company’s stock were exchanged, compared to its average volume of 734,542. The firm has a market cap of $577.42 and a price-to-earnings ratio of -10.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 2.15. Verso has a 52-week low of $3.17 and a 52-week high of $18.12.

Verso (NYSE:VRS) last released its earnings results on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.15). Verso had a negative return on equity of 6.58% and a negative net margin of 2.35%. analysts forecast that Verso will post -1.15 earnings per share for the current year.

In other Verso news, major shareholder Mudrick Capital Management, L. sold 125,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $16.91, for a total transaction of $2,113,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 1,286,595 shares of company stock valued at $21,508,948. Company insiders own 4.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in VRS. Schwab Charles Investment Management Inc. acquired a new position in shares of Verso during the second quarter valued at about $275,000. Rhumbline Advisers acquired a new position in shares of Verso during the second quarter valued at about $166,000. Bank of New York Mellon Corp raised its position in shares of Verso by 211.0% during the second quarter. Bank of New York Mellon Corp now owns 165,487 shares of the basic materials company’s stock valued at $777,000 after buying an additional 112,269 shares during the last quarter. Teachers Advisors LLC acquired a new position in shares of Verso during the second quarter valued at about $297,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of Verso during the second quarter valued at about $415,000. 53.22% of the stock is owned by institutional investors and hedge funds.

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Verso Company Profile

Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.

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