Why Versant Media Group (VSNT) Stock Is Up Today

Versant Media Group (VSNT) is up 9.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is Versant’s second-quarter earnings release, which included a higher full-year revenue and Adjusted EBITDA outlook alongside another planned $100 million accelerated share repurchase. Investors also appear to be responding to signs that the company’s platform businesses and strategic expansion efforts are offsetting some of the pressure in its legacy linear TV operations.

Details:

Versant reported second-quarter revenue of $1.64 billion, net income of $211 million, and Adjusted EBITDA of $624 million.

Management raised its 2026 outlook to revenue of $6.2 billion to $6.45 billion and Adjusted EBITDA of $1.9 billion to $2.05 billion, while keeping free cash flow guidance unchanged.

The company completed a $100 million accelerated share repurchase in the quarter and said it expects to begin another $100 million ASR on August 7, 2026, in addition to declaring a $0.375 quarterly dividend.

Platforms revenue rose 9.3% excluding SportsEngine, helped by Fandango and GolfNow, and the recent closing of the Full Swing acquisition adds another growth asset tied to Versant’s golf and digital platform strategy.

Sources:

Versant Investor Relations, SEC, Nasdaq

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$VSNT Insider Trading Activity

$VSNT insiders have traded $VSNT stock on the open market 7 times in the past 6 months. Of those trades, 7 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $VSNT stock by insiders over the last 6 months:

DAVID C NOVAK purchased 143,000 shares for an estimated $5,269,550
LEONARD POTTER has made 4 purchases buying 13,500 shares for an estimated $510,475 and 0 sales.
GERALD L HASSELL purchased 10,000 shares for an estimated $360,700
MICHAEL AARON CONWAY purchased 1,350 shares for an estimated $48,789

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$VSNT Hedge Fund Activity

We have seen 493 institutional investors add shares of $VSNT stock to their portfolio, and 204 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 17,358,561 shares (+inf%) to their portfolio in Q1 2026, for an estimated $642,613,928
AQR CAPITAL MANAGEMENT LLC added 5,801,568 shares (+inf%) to their portfolio in Q1 2026, for an estimated $214,774,047
STATE STREET CORP added 4,932,643 shares (+inf%) to their portfolio in Q1 2026, for an estimated $182,606,443
DODGE & COX added 4,510,956 shares (+inf%) to their portfolio in Q1 2026, for an estimated $166,995,591
DME CAPITAL MANAGEMENT, LP added 3,028,615 shares (+inf%) to their portfolio in Q1 2026, for an estimated $112,119,327
CITADEL ADVISORS LLC added 2,912,784 shares (+inf%) to their portfolio in Q1 2026, for an estimated $107,831,263
MARSHALL WACE, LLP added 2,493,428 shares (+inf%) to their portfolio in Q1 2026, for an estimated $92,306,704

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$VSNT Price Targets

Multiple analysts have issued price targets for $VSNT recently. We have seen 3 analysts offer price targets for $VSNT in the last 6 months, with a median target of $43.0.

Here are some recent targets:

Michael Ng from Goldman Sachs set a target price of $42.0 on 05/15/2026
David Karnovsky from JP Morgan set a target price of $43.0 on 05/12/2026
David Joyce from Seaport Global set a target price of $45.0 on 03/31/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.