Viasat Inc. (NASDAQ:VSAT) Receives $19.00 Average PT from Analysts

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 received an average rating of "Hold" from the nine brokerages that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $19.00.

VSAT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Viasat from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. William Blair reaffirmed a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. B. Riley reduced their price target on shares of Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Finally, Needham & Company LLC reduced their price target on shares of Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its holdings in Viasat by 18.7% during the second quarter. Teacher Retirement System of Texas now owns 15,596 shares of the communications equipment provider's stock worth $228,000 after buying an additional 2,460 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Viasat by 343.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 312,895 shares of the communications equipment provider's stock worth $4,568,000 after buying an additional 242,318 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Viasat by 331.3% in the second quarter. Bessemer Group Inc. now owns 4,779 shares of the communications equipment provider's stock valued at $70,000 after purchasing an additional 3,671 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Viasat by 35.0% in the second quarter. Envestnet Asset Management Inc. now owns 30,638 shares of the communications equipment provider's stock valued at $447,000 after purchasing an additional 7,941 shares in the last quarter. Finally, Lee Danner & Bass Inc. lifted its holdings in shares of Viasat by 43.6% in the second quarter. Lee Danner & Bass Inc. now owns 278,500 shares of the communications equipment provider's stock valued at $4,066,000 after purchasing an additional 84,500 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Trading Up 0.9%

Viasat stock traded up $0.15 during trading on Friday, hitting $16.58. The company had a trading volume of 4,507,351 shares, compared to its average volume of 2,281,551. The company has a current ratio of 1.72, a quick ratio of 1.55 and a debt-to-equity ratio of 1.41. Viasat has a 1-year low of $6.69 and a 1-year high of $26.70. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -3.73 and a beta of 1.20. The company's 50 day simple moving average is $13.32 and its 200-day simple moving average is $10.82.

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.