Viasat, Inc. (NASDAQ:VSAT) Given Average Rating of “Hold” by Brokerages

Shares of Viasat, Inc. (NASDAQ:VSAT) have received a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $18.88.

Several research firms have recently commented on VSAT. Wall Street Zen raised shares of Viasat from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. B. Riley decreased their price objective on Viasat from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Monday, March 24th. Needham & Company LLC decreased their price target on Viasat from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, May 22nd. Finally, Barclays raised their price target on Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Long Focus Capital Management LLC bought a new position in Viasat during the first quarter worth about $24,695,000. Nuveen LLC bought a new position in Viasat during the first quarter worth about $20,593,000. Millennium Management LLC boosted its stake in Viasat by 673.7% during the 1st quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider’s stock worth $14,443,000 after acquiring an additional 1,206,935 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Viasat by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock worth $29,866,000 after acquiring an additional 1,128,338 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Viasat by 538.7% during the 4th quarter. Two Sigma Investments LP now owns 1,136,675 shares of the communications equipment provider’s stock worth $9,673,000 after acquiring an additional 958,706 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

Viasat Stock Up 3.9%

Shares of NASDAQ:VSAT opened at $13.09 on Thursday. Viasat has a 12 month low of $6.69 and a 12 month high of $26.70. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The company’s 50-day moving average price is $9.53 and its two-hundred day moving average price is $9.46. The firm has a market cap of $1.71 billion, a P/E ratio of -3.90 and a beta of 0.98.

Viasat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.