Viasat Sees Unusually High Options Volume (NASDAQ:VSAT)

Viasat, Inc. (NASDAQ:VSAT - Get Free Report) was the target of some unusual options trading on Wednesday. Traders acquired 3,307 put options on the stock. This is an increase of 166% compared to the average daily volume of 1,243 put options.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VSAT. Needham & Company LLC dropped their price target on Viasat from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday. Barclays dropped their price target 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 issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Viasat currently has a consensus rating of "Hold" and an average target price of $37.00.

Viasat Stock Performance

NASDAQ VSAT traded down $3.10 on Wednesday, hitting $15.74. 5,066,074 shares of the company's stock were exchanged, compared to its average volume of 1,160,410. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.71 and a quick ratio of 2.46. The firm's 50-day moving average price is $16.99 and its two-hundred day moving average price is $20.39. Viasat has a fifty-two week low of $15.02 and a fifty-two week high of $47.35. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 2.08 and a beta of 1.31.

Institutional Investors Weigh In On Viasat

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Viasat by 303.6% in the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider's stock worth $28,000 after acquiring an additional 759 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Viasat in the 4th quarter worth approximately $37,000. TFO Wealth Partners LLC grew its holdings 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 acquiring an additional 1,655 shares during the period. Tidemark LLC acquired a new stake in shares of Viasat in the 4th quarter worth approximately $72,000. Finally, Headlands Technologies LLC purchased a new stake in Viasat in the 1st quarter valued at approximately $86,000. Institutional investors and hedge funds own 86.05% of the company's stock.

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.