Viasat (NASDAQ:VSAT) Shares Up 6.4% - Should You Buy?

Viasat, Inc. (NASDAQ:VSAT - Get Free Report)'s share price rose 6.4% during mid-day trading on Tuesday . The company traded as high as $9.59 and last traded at $9.74. Approximately 342,696 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 2,789,069 shares. The stock had previously closed at $9.15.

Analyst Ratings Changes

Several equities research analysts have weighed in on VSAT shares. Deutsche Bank Aktiengesellschaft raised 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. B. Riley decreased their target price on Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Tuesday. Needham & Company LLC cut their price target on Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Morgan Stanley decreased their target price on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Finally, Wall Street Zen raised Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $18.88.

Viasat Stock Up 0.3%

The firm has a 50 day moving average price of $9.42 and a 200-day moving average price of $9.29. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -2.76 and a beta of 1.01. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60.

Institutional Trading of Viasat

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSAT. Steward Partners Investment Advisory LLC boosted its stake 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 valued at $25,000 after purchasing an additional 1,267 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Viasat in the fourth quarter valued at approximately $31,000. PNC Financial Services Group Inc. boosted its stake in Viasat by 233.4% in the first 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 during the last quarter. Sterling Capital Management LLC grew its holdings in Viasat by 850.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock worth $34,000 after acquiring an additional 3,546 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in Viasat during the 4th quarter worth $35,000. 86.05% of the stock is owned by institutional investors.

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.