Brokerages Set Viasat Inc. (NASDAQ:VSAT) PT at $19.00

Key Points

• Viasat Inc. has received a consensus rating of "Hold" from analysts, with five giving hold ratings and four rating it as a buy, while the average 1-year price target is set at $19.00.
• Institutional investors own a significant 86.05% of Viasat's stock, with notable acquisitions from hedge funds in the first quarter, including Long Focus Capital Management and Millennium Management.
• The company's current stock price is $16.43, experiencing a 5.9% increase, with a 12-month trading range between $6.69 and $26.70.

Viasat Inc. (NASDAQ:VSAT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.00.

Several research analysts have recently weighed in on VSAT shares. William Blair upgraded Viasat from a "market perform" rating to an "outperform" rating in a report on Monday. B. Riley cut their target price on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Needham & Company LLC cut their price objective on Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Viasat from $14.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, June 17th.

Institutional Investors Weigh In On Viasat

Several hedge funds have recently made changes to their positions in VSAT. Long Focus Capital Management LLC purchased a new position in Viasat during the first quarter worth about $24,695,000. Nuveen LLC purchased a new position in shares of Viasat during the 1st quarter worth approximately $20,593,000. Millennium Management LLC increased its stake in shares of Viasat by 673.7% during the 1st quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider's stock worth $14,443,000 after purchasing an additional 1,206,935 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Viasat by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider's stock worth $29,866,000 after purchasing an additional 1,128,338 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake 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 purchasing an additional 958,706 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Viasat Price Performance

VSAT stock traded up $3.57 during trading on Friday, hitting $20.15. The stock had a trading volume of 3,599,606 shares, compared to its average volume of 3,421,977. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.72 and a quick ratio of 1.55. Viasat has a twelve month low of $6.69 and a twelve month high of $26.70. The stock has a market capitalization of $2.70 billion, a P/E ratio of -4.44 and a beta of 1.20. The company's 50-day moving average price is $13.32 and its two-hundred day moving average price is $10.86.

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.