Brokerages Set Viasat Inc. (NASDAQ:VSAT) PT at $23.29

Shares of Viasat Inc. (NASDAQ:VSAT) have received a consensus rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $32.75.

VSAT has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Viasat in a report on Thursday, August 7th. Needham & Company LLC boosted their price objective on Viasat from $25.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research note on Wednesday, October 8th. William Blair reaffirmed an “outperform” rating on shares of Viasat in a research note on Wednesday, August 27th. Finally, Wall Street Zen upgraded Viasat from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th.

Insider Activity at Viasat

In other news, Director Richard A. Baldridge sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $31.00, for a total value of $3,100,000.00. Following the completion of the sale, the director owned 197,161 shares in the company, valued at approximately $6,111,991. The trade was a 33.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Viasat

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quent Capital LLC acquired a new stake in Viasat in the 3rd quarter worth about $25,000. Hantz Financial Services Inc. lifted its position in shares of Viasat by 6,815.4% in the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 886 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Viasat in the third quarter worth approximately $28,000. PNC Financial Services Group Inc. increased its position in shares of Viasat by 233.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,224 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Viasat by 74.7% during the first quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 1,640 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Stock Performance

NASDAQ:VSAT opened at $38.11 on Friday. The company has a 50 day simple moving average of $33.65 and a two-hundred day simple moving average of $22.21. Viasat has a fifty-two week low of $6.69 and a fifty-two week high of $43.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.87 and a current ratio of 2.11. The company has a market capitalization of $5.12 billion, a PE ratio of -8.25 and a beta of 1.24.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Friday, November 7th. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.20. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Viasat had a negative return on equity of 6.37% and a negative net margin of 13.11%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.23) EPS. Research analysts anticipate that Viasat will post -0.54 earnings per share for the current year.

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.