Viasat Inc. (NASDAQ:VSAT - Get Free Report) shares rose 6.5% during trading on Thursday . The company traded as high as $16.53 and last traded at $16.19. Approximately 1,614,257 shares traded hands during trading, a decline of 55% from the average daily volume of 3,561,603 shares. The stock had previously closed at $15.21.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. B. Riley lowered their price objective on shares of Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. 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 note on Thursday, May 22nd. William Blair restated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Viasat from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Viasat presently has a consensus rating of "Hold" and a consensus price target of $19.00.
Check Out Our Latest Report on Viasat
Viasat Stock Up 7.2%
The stock has a market cap of $2.13 billion, a P/E ratio of -3.67 and a beta of 1.17. 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's 50-day moving average is $10.99 and its 200-day moving average is $9.88.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC boosted its stake in Viasat by 39.0% during the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Viasat by 75.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 1,267 shares during the period. SummerHaven Investment Management LLC boosted its stake in Viasat by 2.9% during the first quarter. SummerHaven Investment Management LLC now owns 52,738 shares of the communications equipment provider's stock valued at $550,000 after buying an additional 1,494 shares in the last quarter. MAI Capital Management grew its holdings in Viasat by 74.7% during the first quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider's stock worth $40,000 after acquiring an additional 1,640 shares during the period. Finally, Kestra Private Wealth Services LLC raised its position in Viasat by 11.4% in the first quarter. Kestra Private Wealth Services LLC now owns 16,673 shares of the communications equipment provider's stock worth $174,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.
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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