Shares of Viasat, Inc. (NASDAQ:VSAT - Get Free Report) saw an uptick in trading volume on Friday . 7,239,206 shares changed hands during trading, an increase of 140% from the previous session's volume of 3,021,686 shares.The stock last traded at $12.86 and had previously closed at $11.40.
Analysts Set New Price Targets
A number of research firms recently issued reports on VSAT. William Blair reiterated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Barclays boosted their price objective on Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. B. Riley decreased their price objective on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Monday, March 24th. Finally, Needham & Company LLC reduced their target price on Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.88.
Check Out Our Latest Research Report on Viasat
Viasat Stock Performance
The company has a 50-day moving average of $9.53 and a 200 day moving average of $9.46. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $1.71 billion, a PE ratio of -3.90 and a beta of 0.98.
Hedge Funds Weigh In On Viasat
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Viasat by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 14,646,644 shares of the communications equipment provider's stock worth $152,618,000 after purchasing an additional 872,784 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Viasat by 2.9% in the 1st quarter. Neuberger Berman Group LLC now owns 5,190,232 shares of the communications equipment provider's stock worth $53,913,000 after purchasing an additional 145,868 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Viasat by 64.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider's stock worth $29,866,000 after purchasing an additional 1,128,338 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Viasat by 26.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,384,942 shares of the communications equipment provider's stock worth $24,851,000 after purchasing an additional 497,405 shares in the last quarter. Finally, Long Focus Capital Management LLC purchased a new position in shares of Viasat in the 1st quarter worth about $24,695,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.
Viasat Company Profile
(
Get Free Report)
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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