Viasat, Inc. (NASDAQ:VSAT) Receives $14.57 Average PT from Analysts

Viasat, Inc. (NASDAQ:VSAT - Get Free Report) has received an average rating of "Hold" from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $14.57.

Several equities research analysts recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $19.00 price objective on shares of Viasat in a report on Monday, February 10th. Cantor Fitzgerald started coverage on Viasat in a research note on Friday, January 24th. They issued a "neutral" rating and a $12.00 price objective for the company. William Blair restated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. StockNews.com raised shares of Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Monday, March 24th.

Insider Buying and Selling

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is owned by insiders.

Institutional Trading of Viasat

Several institutional investors have recently modified their holdings of VSAT. Two Sigma Investments LP lifted its position in shares of Viasat by 538.7% during the 4th quarter. Two Sigma Investments LP now owns 1,136,675 shares of the communications equipment provider's stock worth $9,673,000 after buying an additional 958,706 shares during the last quarter. Tenzing Global Management LLC purchased a new stake in Viasat in the 4th quarter valued at $7,170,000. Bank of America Corp DE raised its position in Viasat by 149.6% in the 4th quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider's stock valued at $11,618,000 after purchasing an additional 818,301 shares during the last quarter. Neuberger Berman Group LLC raised its position in Viasat by 16.1% in the 4th quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider's stock valued at $42,912,000 after purchasing an additional 700,533 shares during the last quarter. Finally, Invesco Ltd. raised its position in Viasat by 46.8% in the 4th quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider's stock valued at $17,818,000 after purchasing an additional 667,564 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company's stock.

Viasat Trading Up 3.5 %

Shares of Viasat stock traded up $0.32 during trading hours on Wednesday, hitting $9.37. The company's stock had a trading volume of 2,066,944 shares, compared to its average volume of 2,731,566. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -2.79 and a beta of 1.06. Viasat has a twelve month low of $6.69 and a twelve month high of $26.70. The firm has a fifty day moving average of $9.26 and a 200-day moving average of $9.35.

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

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.