Viasat (NASDAQ:VSAT) PT Lowered to $28.00

Viasat (NASDAQ:VSAT - Get Free Report) had its price target lowered by Needham & Company LLC from $35.00 to $28.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the communications equipment provider's stock. Needham & Company LLC's price target indicates a potential upside of 77.89% from the company's previous close.

Separately, Barclays cut their price target on shares of Viasat from $30.00 to $28.00 and set an "equal weight" rating on the stock in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $37.00.

Viasat Price Performance

Shares of NASDAQ VSAT traded down $3.10 during mid-day trading on Wednesday, hitting $15.74. 5,066,074 shares of the company's stock traded hands, compared to its average volume of 1,160,410. The company has a market capitalization of $1.97 billion, a P/E ratio of 2.08 and a beta of 1.31. Viasat has a 1 year low of $15.02 and a 1 year high of $47.35. The company's 50-day moving average is $16.99 and its two-hundred day moving average is $20.39. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.71 and a quick ratio of 2.46.

Hedge Funds Weigh In On Viasat

A number of hedge funds have recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina grew its stake in Viasat by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,832 shares of the communications equipment provider's stock worth $1,449,000 after acquiring an additional 500 shares in the last quarter. VisionPoint Advisory Group LLC boosted its stake in shares of Viasat by 1.2% during the fourth quarter. VisionPoint Advisory Group LLC now owns 50,290 shares of the communications equipment provider's stock valued at $1,406,000 after purchasing an additional 597 shares in the last quarter. Entropy Technologies LP boosted its stake in shares of Viasat by 5.7% during the first quarter. Entropy Technologies LP now owns 13,137 shares of the communications equipment provider's stock valued at $238,000 after purchasing an additional 707 shares in the last quarter. Signaturefd LLC boosted 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. Finally, Hanson & Doremus Investment Management boosted its stake in shares of Viasat by 24.0% during the first quarter. Hanson & Doremus Investment Management now owns 5,216 shares of the communications equipment provider's stock valued at $94,000 after purchasing an additional 1,009 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.

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.