Viasat (NASDAQ:VSAT) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Viasat Inc. (NASDAQ:VSAT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.33 and traded as high as $15.83. Viasat shares last traded at $15.72, with a volume of 2,090,033 shares changing hands.

Wall Street Analyst Weigh In

VSAT has been the topic of several recent research reports. B. Riley reduced their price objective on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft increased their target price on Viasat from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Needham & Company LLC reduced their target price on Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, William Blair reiterated a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Viasat presently has a consensus rating of "Hold" and a consensus price target of $19.00.

Viasat Stock Performance

The business has a 50 day simple moving average of $12.36 and a two-hundred day simple moving average of $10.40. The company has a current ratio of 1.72, a quick ratio of 1.55 and a debt-to-equity ratio of 1.41. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -3.53 and a beta of 1.17.

Institutional Trading of Viasat

Several hedge funds have recently made changes to their positions in the stock. Long Focus Capital Management LLC bought a new stake in Viasat during the 1st quarter valued at $24,695,000. Nuveen LLC bought a new stake in Viasat during the 1st quarter valued at $20,593,000. Millennium Management LLC raised its stake in Viasat by 673.7% during the 1st quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider's stock valued at $14,443,000 after acquiring an additional 1,206,935 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Viasat by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider's stock valued at $29,866,000 after acquiring an additional 1,128,338 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in Viasat by 538.7% during the 4th quarter. Two Sigma Investments LP now owns 1,136,675 shares of the communications equipment provider's stock valued at $9,673,000 after acquiring an additional 958,706 shares in the last quarter. Institutional investors own 86.05% of the company's stock.

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.