MYDA Advisors LLC Takes $433,000 Position in Viasat, Inc. (NASDAQ:VSAT)

MYDA Advisors LLC acquired a new stake in Viasat, Inc. (NASDAQ:VSAT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,900 shares of the communications equipment provider's stock, valued at approximately $433,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its position in Viasat by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider's stock worth $29,950,000 after buying an additional 122,472 shares during the period. Principal Financial Group Inc. grew its position in shares of Viasat by 6.6% during the 3rd quarter. Principal Financial Group Inc. now owns 400,320 shares of the communications equipment provider's stock worth $4,780,000 after purchasing an additional 24,889 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Viasat by 115.8% during the third quarter. JPMorgan Chase & Co. now owns 282,475 shares of the communications equipment provider's stock worth $3,373,000 after purchasing an additional 151,590 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Viasat by 23.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 26,324 shares of the communications equipment provider's stock valued at $224,000 after buying an additional 4,922 shares during the period. Finally, M.E. Allison & CO. Inc. bought a new position in Viasat during the 4th quarter worth $105,000. 86.05% of the stock is currently owned by institutional investors.

Insider Activity

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of Viasat stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the transaction, the insider now owns 4,795,334 shares in the company, valued at approximately $43,158,006. The trade was a 43.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $19.00 target price on shares of Viasat in a research report on Monday, February 10th. StockNews.com upgraded Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. William Blair reissued a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Barclays raised their price target on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley lowered their target price on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $14.57.

Viasat Stock Up 3.5 %

Shares of Viasat stock traded up $0.31 during trading on Friday, reaching $8.98. 769,524 shares of the company traded hands, compared to its average volume of 2,721,422. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. The firm has a market capitalization of $1.16 billion, a PE ratio of -2.67 and a beta of 1.06. The company has a 50 day moving average price of $9.26 and a 200-day moving average price of $9.40. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $26.70.

Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.37% and a negative net margin of 9.49%. As a group, equities research analysts expect that Viasat, Inc. will post -0.54 earnings per share for the current fiscal year.

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.