Bayforest Capital Ltd Purchases Shares of 36,248 Viasat Inc. (NASDAQ:VSAT)

Key Points

• Bayforest Capital Ltd has acquired a new stake in Viasat Inc. by purchasing 36,248 shares valued at approximately $378,000 during the first quarter.
• Institutional ownership of Viasat is significant, with 86.05% of its stock held by institutional investors, highlighting investor interest in the company.
• Equity analysts have mixed views on Viasat, with recent price targets ranging from $14.00 to $56.00, and a consensus rating of "Hold" reflecting cautious optimism.

Bayforest Capital Ltd purchased a new stake in shares of Viasat Inc. (NASDAQ:VSAT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 36,248 shares of the communications equipment provider's stock, valued at approximately $378,000.

Other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in Viasat by 850.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after purchasing an additional 3,546 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Viasat in the fourth quarter worth about $35,000. Federated Hermes Inc. bought a new position in shares of Viasat in the fourth quarter worth about $42,000. Meeder Asset Management Inc. bought a new position in shares of Viasat in the first quarter worth about $63,000. Finally, Wexford Capital LP bought a new position in shares of Viasat in the fourth quarter worth about $93,000. Institutional investors own 86.05% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. William Blair reaffirmed a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft upped 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 dropped their price objective on Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Finally, B. Riley dropped their price objective on Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $19.00.

Viasat Price Performance

NASDAQ:VSAT opened at $16.43 on Friday. Viasat Inc. has a 12 month low of $6.69 and a 12 month high of $26.70. The company has a current ratio of 1.72, a quick ratio of 1.55 and a debt-to-equity ratio of 1.41. The business's 50-day moving average is $13.17 and its 200 day moving average is $10.76. The company has a market capitalization of $2.21 billion, a P/E ratio of -3.69 and a beta of 1.17.

Viasat 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.

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