Avantax Advisory Services Inc. Acquires 60,400 Shares of Viasat Inc. (NASDAQ:VSAT)

Avantax Advisory Services Inc. increased its stake in Viasat Inc. (NASDAQ:VSAT - Free Report) by 263.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,289 shares of the communications equipment provider's stock after purchasing an additional 60,400 shares during the quarter. Avantax Advisory Services Inc. owned about 0.06% of Viasat worth $868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Viasat in the fourth quarter valued at approximately $159,000. Commonwealth Equity Services LLC acquired a new position in shares of Viasat in the fourth quarter valued at $135,000. KLP Kapitalforvaltning AS acquired a new position in shares of Viasat in the fourth quarter valued at $130,000. Vanguard Group Inc. raised its stake in shares of Viasat by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock valued at $117,216,000 after purchasing an additional 194,006 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Viasat by 150.2% during the fourth quarter. JPMorgan Chase & Co. now owns 706,792 shares of the communications equipment provider's stock worth $6,015,000 after acquiring an additional 424,317 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VSAT shares. Deutsche Bank Aktiengesellschaft increased their price objective on Viasat from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Needham & Company LLC lowered their target price on Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. William Blair upgraded Viasat from a "market perform" rating to an "outperform" rating in a research note on Monday. Finally, B. Riley cut their target price on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

Viasat Trading Up 5.0%

Shares of Viasat stock traded up $1.01 during midday trading on Tuesday, reaching $21.29. The company had a trading volume of 7,810,283 shares, compared to its average volume of 2,862,225. The stock has a fifty day moving average price of $13.54 and a 200 day moving average price of $10.94. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.72 and a quick ratio of 1.55. The firm has a market cap of $2.86 billion, a PE ratio of -4.78 and a beta of 1.20. Viasat Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70.

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.