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

Viasat, Inc. (NASDAQ:VSAT) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $18.33.

A number of equities analysts recently issued reports on VSAT shares. StockNews.com cut Viasat from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. JPMorgan Chase & Co. lowered shares of Viasat from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $29.00 to $15.00 in a research note on Tuesday, September 17th. Needham & Company LLC reduced their price target on shares of Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Barclays lowered their price objective on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. Finally, Bank of America reduced their target price on shares of Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, September 20th.

Insider Buying and Selling at Viasat

In other news, EVP Mark J. Miller sold 3,564 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $9.21, for a total value of $32,824.44. Following the completion of the sale, the executive vice president now owns 350,351 shares of the company’s stock, valued at approximately $3,226,732.71. This represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Viasat

A number of large investors have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Viasat by 6.6% in the 3rd quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock valued at $53,083,000 after acquiring an additional 276,376 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in Viasat by 28.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock valued at $52,766,000 after purchasing an additional 969,942 shares during the last quarter. Geode Capital Management LLC raised its holdings in Viasat by 5.1% in the third quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider’s stock worth $29,950,000 after purchasing an additional 122,472 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Viasat by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,523,465 shares of the communications equipment provider’s stock valued at $18,190,000 after buying an additional 115,909 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Viasat by 1,145.1% in the 2nd quarter. Millennium Management LLC now owns 816,478 shares of the communications equipment provider’s stock valued at $10,369,000 after buying an additional 750,904 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.

Viasat Price Performance

Viasat stock opened at $8.50 on Thursday. Viasat has a 12-month low of $6.69 and a 12-month high of $29.11. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $9.50 and a 200-day moving average price of $13.27. The firm has a market capitalization of $1.09 billion, a PE ratio of -2.72 and a beta of 1.34.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.53). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned ($6.16) EPS. As a group, equities research analysts forecast that Viasat will post -2.38 EPS for the current year.

About Viasat

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.