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

Viasat Inc. (NASDAQ:VSAT - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $19.00.

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price 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. Needham & Company LLC dropped their target price 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. William Blair restated a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Finally, B. Riley lowered their price objective 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.

Hedge Funds Weigh In On Viasat

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSAT. Steward Partners Investment Advisory LLC increased its position in Viasat by 75.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock valued at $25,000 after acquiring an additional 1,267 shares during the period. PNC Financial Services Group Inc. increased its position in Viasat by 233.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the communications equipment provider's stock valued at $33,000 after acquiring an additional 2,224 shares during the period. Sterling Capital Management LLC increased its position in Viasat by 850.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after acquiring an additional 3,546 shares during the period. New Age Alpha Advisors LLC acquired a new position in Viasat in the 4th quarter valued at approximately $35,000. Finally, AlphaQuest LLC increased its position in Viasat by 39.0% in the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock valued at $38,000 after acquiring an additional 1,255 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Price Performance

Shares of NASDAQ:VSAT traded down $0.05 during midday trading on Monday, hitting $15.40. The stock had a trading volume of 2,192,772 shares, compared to its average volume of 3,063,904. The company's 50-day moving average price is $11.64 and its 200-day moving average price is $10.12. The company has a market capitalization of $2.01 billion, a P/E ratio of -3.46 and a beta of 1.17. The company has a quick ratio of 1.55, a current ratio of 1.72 and a debt-to-equity ratio of 1.41. Viasat has a fifty-two week low of $6.69 and a fifty-two week high of $26.70.

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.