Viasat (NASDAQ:VSAT - Get Free Report) had its price objective upped by stock analysts at Needham & Company LLC from $16.00 to $25.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the communications equipment provider's stock. Needham & Company LLC's price objective indicates a potential upside of 17.43% from the stock's current price.
A number of other equities analysts have also commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Viasat from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. William Blair upgraded Viasat from a "market perform" rating to an "outperform" rating in a research note on Monday. Finally, B. Riley decreased their price target on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.13.
Read Our Latest Report on VSAT
Viasat Trading Up 5.0%
Shares of VSAT stock opened at $21.29 on Wednesday. Viasat has a 12-month low of $6.69 and a 12-month high of $26.70. The company has a quick ratio of 1.55, a current ratio of 1.72 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average of $13.78 and a 200-day moving average of $11.01. The firm has a market cap of $2.86 billion, a P/E ratio of -4.78 and a beta of 1.20.
Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.17 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.32. Viasat had a negative net margin of 12.72% and a negative return on equity of 7.10%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. The company's revenue was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Viasat will post -0.54 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Viasat during the 4th quarter valued at $159,000. Commonwealth Equity Services LLC bought a new position in shares of Viasat during the fourth quarter valued at about $135,000. KLP Kapitalforvaltning AS bought a new stake in shares of Viasat in the 4th quarter valued at about $130,000. Vanguard Group Inc. boosted its holdings in Viasat by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock valued at $117,216,000 after acquiring an additional 194,006 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Viasat by 150.2% during the 4th quarter. JPMorgan Chase & Co. now owns 706,792 shares of the communications equipment provider's stock worth $6,015,000 after acquiring an additional 424,317 shares during the last quarter. Institutional investors own 86.05% of the company's stock.
Viasat Company Profile
(
Get Free Report)
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.
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