38,291 Shares in Viasat, Inc. (NASDAQ:VSAT) Acquired by Helium Advisors LLC

Helium Advisors LLC bought a new stake in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 38,291 shares of the communications equipment provider's stock, valued at approximately $326,000.

Several other large investors have also recently made changes to their positions in the stock. Inspire Investing LLC grew its stake in Viasat by 38.9% in the fourth quarter. Inspire Investing LLC now owns 47,484 shares of the communications equipment provider's stock valued at $404,000 after purchasing an additional 13,302 shares during the last quarter. KBC Group NV boosted its holdings in shares of Viasat by 107.9% in the 4th quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider's stock valued at $46,000 after buying an additional 2,830 shares in the last quarter. Everett Harris & Co. CA purchased a new position in shares of Viasat in the 4th quarter worth approximately $1,111,000. Caitlin John LLC raised its stake in shares of Viasat by 274.4% during the 4th quarter. Caitlin John LLC now owns 10,259 shares of the communications equipment provider's stock worth $87,000 after acquiring an additional 7,519 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Viasat during the 4th quarter worth approximately $1,801,000. 86.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VSAT. Wall Street Zen raised shares of Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Monday, March 24th. B. Riley reduced their target price on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research report on Tuesday. William Blair reiterated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Finally, Needham & Company LLC dropped their price target on Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $18.88.

Viasat Stock Performance

VSAT stock traded down $0.06 during midday trading on Wednesday, reaching $9.20. The stock had a trading volume of 1,018,754 shares, compared to its average volume of 2,796,005. The firm has a fifty day simple moving average of $9.47 and a two-hundred day simple moving average of $9.28. Viasat, Inc. has a 52-week low of $6.69 and a 52-week high of $26.70. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. The stock has a market cap of $1.19 billion, a PE ratio of -2.73 and a beta of 1.01.

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.