Viasat (NASDAQ:VSAT) Sets New 1-Year Low at $15.02

Viasat, Inc. (NASDAQ:VSAT - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $15.02 and last traded at $15.09, with a volume of 77982 shares traded. The stock had previously closed at $15.68.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price objective on Viasat from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Viasat presently has a consensus rating of "Hold" and an average price target of $38.17.

Viasat Trading Down 2.1 %

The stock has a market capitalization of $1.92 billion, a P/E ratio of 2.03 and a beta of 1.33. The stock has a 50-day moving average price of $18.25 and a two-hundred day moving average price of $20.67. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.46 and a current ratio of 2.71.

Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.85). The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Viasat had a net margin of 6.01% and a return on equity of 4.52%. On average, research analysts forecast that Viasat, Inc. will post -1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Signaturefd LLC increased its stake in shares of Viasat by 303.6% during the fourth quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider's stock valued at $28,000 after purchasing an additional 759 shares in the last quarter. Quarry LP purchased a new stake in shares of Viasat in the 2nd quarter worth approximately $36,000. GAMMA Investing LLC purchased a new stake in shares of Viasat in the 4th quarter worth approximately $37,000. Captrust Financial Advisors grew its stake in shares of Viasat by 29.2% in the 2nd quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider's stock worth $40,000 after buying an additional 297 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its stake in shares of Viasat by 11,033.3% in the 4th quarter. TFO Wealth Partners LLC now owns 1,670 shares of the communications equipment provider's stock worth $47,000 after buying an additional 1,655 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

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.