Viasat Inc. (NASDAQ:VSAT) Receives Average Rating of "Hold" from Brokerages

Shares of Viasat Inc. (NASDAQ:VSAT - Get Free Report) have been assigned an average recommendation of "Hold" from the nine brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on 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 recently weighed in on the stock. B. Riley cut their target price on shares of Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Needham & Company LLC reduced their price objective on shares of Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. William Blair reiterated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Viasat from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th.

Hedge Funds Weigh In On Viasat

Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC boosted its position in shares of Viasat by 75.3% during 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 purchasing an additional 1,267 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Viasat by 23.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider's stock worth $16,063,000 after buying an additional 364,072 shares during the period. Arizona State Retirement System boosted its holdings in shares of Viasat by 10.2% in the fourth quarter. Arizona State Retirement System now owns 25,947 shares of the communications equipment provider's stock worth $221,000 after buying an additional 2,391 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Viasat in the fourth quarter worth about $159,000. Finally, Intellectus Partners LLC boosted its holdings in shares of Viasat by 42.6% in the fourth quarter. Intellectus Partners LLC now owns 18,400 shares of the communications equipment provider's stock worth $157,000 after buying an additional 5,500 shares during the period. Institutional investors own 86.05% of the company's stock.

Viasat Price Performance

Shares of NASDAQ:VSAT traded down $0.35 during midday trading on Monday, hitting $15.93. 3,099,007 shares of the stock were exchanged, compared to its average volume of 3,054,844. The stock has a market cap of $2.08 billion, a P/E ratio of -3.58 and a beta of 1.17. 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 twelve month low of $6.69 and a twelve month high of $26.70. The company has a 50 day moving average price of $11.26 and a 200-day moving average price of $10.00.

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.