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

Shares of Viasat, Inc. (NASDAQ:VSAT - Get Free Report) have earned an average rating of "Hold" from the nine brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $18.88.

Several research analysts have issued reports on the company. William Blair reiterated a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. B. Riley cut their price target on Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Needham & Company LLC reduced their target price on shares of Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Wall Street Zen raised shares of Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research report on Monday, March 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC grew its holdings 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 worth $25,000 after acquiring an additional 1,267 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Viasat in the fourth quarter worth approximately $31,000. PNC Financial Services Group Inc. grew its holdings in shares of Viasat by 233.4% during 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 in the last quarter. Sterling Capital Management LLC grew its stake in Viasat by 850.4% in the fourth 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 in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Viasat in the 4th quarter worth about $35,000. Institutional investors own 86.05% of the company's stock.

Viasat Stock Performance

Shares of VSAT traded up $1.13 during mid-day trading on Thursday, hitting $12.53. 7,957,504 shares of the company's stock were exchanged, compared to its average volume of 3,572,392. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. Viasat has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The business's 50 day moving average is $9.32 and its two-hundred day moving average is $9.41. The firm has a market capitalization of $1.63 billion, a P/E ratio of -3.74 and a beta of 0.98.

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.