Viasat, Inc. (NASDAQ:VSAT) Receives Average Recommendation of "Hold" from Analysts

Shares of Viasat, Inc. (NASDAQ:VSAT - Get Free Report) have been given an average recommendation of "Hold" by the eight research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $14.57.

Several brokerages have recently weighed in on VSAT. Needham & Company LLC reissued a "buy" rating and set a $19.00 target price on shares of Viasat in a research report on Monday, February 10th. StockNews.com raised Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. William Blair restated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Monday, March 24th. Finally, Morgan Stanley dropped their price target on Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC grew its stake in shares of 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 purchasing an additional 1,267 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Viasat in the 4th quarter valued at approximately $31,000. PNC Financial Services Group Inc. grew its stake in shares of 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 purchasing an additional 2,224 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of 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 purchasing an additional 3,546 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Viasat in the 4th quarter valued at approximately $35,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Viasat Price Performance

Shares of NASDAQ VSAT opened at $10.92 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. Viasat has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The firm has a market capitalization of $1.41 billion, a PE ratio of -3.25 and a beta of 1.01. The stock's 50-day simple moving average is $9.45 and its 200-day simple moving average is $9.28.

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.

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