Viasat Inc. (NASDAQ:VSAT) Given Consensus Rating of “Moderate Buy” by Analysts

Viasat Inc. (NASDAQ:VSAT) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $60.5714.

VSAT has been the topic of a number of recent analyst reports. William Blair restated an “outperform” rating on shares of Viasat in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a “hold” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $48.00 in a research report on Friday, February 6th. Barclays upgraded shares of Viasat from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $23.00 to $49.00 in a research report on Wednesday, April 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a research report on Monday, April 20th. Finally, Needham & Company LLC boosted their price target on shares of Viasat from $45.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, March 27th.

Viasat Trading Up 5.5%

Viasat stock opened at $70.01 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of $53.13 and a two-hundred day moving average price of $43.95. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of -27.03 and a beta of 1.66. Viasat has a 52-week low of $8.61 and a 52-week high of $70.35.

Insiders Place Their Bets

In other Viasat news, SVP Craig Andrew Miller sold 5,260 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $50.00, for a total transaction of $263,000.00. Following the sale, the senior vice president directly owned 21,252 shares in the company, valued at approximately $1,062,600. The trade was a 19.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Benjamin Edward Palmer sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.21, for a total transaction of $110,904.00. Following the completion of the sale, the senior vice president owned 25,431 shares in the company, valued at $1,175,166.51. The trade was a 8.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 38,071 shares of company stock worth $1,804,437. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Viasat

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quent Capital LLC purchased a new position in shares of Viasat in the third quarter worth approximately $25,000. Valued Wealth Advisors LLC purchased a new position in shares of Viasat in the first quarter worth approximately $25,000. Hantz Financial Services Inc. increased 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 worth $26,000 after acquiring an additional 886 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Viasat in the third quarter worth approximately $28,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Viasat in the fourth quarter worth approximately $36,000. 86.05% of the stock is currently owned by institutional investors.

Viasat Company Profile

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.