Viasat (NASDAQ:VSAT) Trading 10.6% Higher - What's Next?

Viasat, Inc. (NASDAQ:VSAT - Get Free Report)'s stock price shot up 10.6% during trading on Monday . The company traded as high as $9.70 and last traded at $10.19. 1,571,604 shares were traded during trading, a decline of 46% from the average session volume of 2,922,495 shares. The stock had previously closed at $9.21.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. William Blair reissued a "market perform" rating on shares of Viasat in a report on Tuesday, April 15th. 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 decreased their price target 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. Barclays boosted their price objective on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Finally, Wall Street Zen upgraded shares of Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.88.

Viasat Price Performance

The company has a 50 day simple moving average of $9.22 and a 200 day simple moving average of $9.39. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -3.27 and a beta of 0.98. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35.

Institutional Investors Weigh In On Viasat

Large investors have recently modified their holdings of the stock. KBC Group NV boosted its holdings in Viasat by 107.9% in the 4th quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider's stock worth $46,000 after acquiring an additional 2,830 shares during the period. Empowered Funds LLC acquired a new stake in Viasat during the 4th quarter valued at approximately $1,801,000. Cambiar Investors LLC purchased a new stake in Viasat during the 4th quarter worth approximately $123,000. Van ECK Associates Corp increased its holdings in Viasat by 264.7% during the 4th quarter. Van ECK Associates Corp now owns 104,708 shares of the communications equipment provider's stock worth $891,000 after purchasing an additional 75,997 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Viasat by 1.8% in the 4th quarter. Rhumbline Advisers now owns 319,471 shares of the communications equipment provider's stock valued at $2,719,000 after purchasing an additional 5,573 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

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.