Viasat (NASDAQ:VSAT) Stock Price Up 6.4% - Here's Why

Shares of Viasat, Inc. (NASDAQ:VSAT - Get Free Report) were up 6.4% on Tuesday . The company traded as high as $9.59 and last traded at $9.74. Approximately 342,696 shares were traded during 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

A number of research analysts have recently weighed in on VSAT shares. Needham & Company LLC lowered their price target on Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. B. Riley lowered their price target on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Tuesday. William Blair reiterated a "market perform" rating on shares of Viasat in a report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Monday, March 24th. Finally, Barclays lifted their price target on Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $18.88.

Viasat Stock Down 4.2%

The business has a 50 day simple moving average of $9.37 and a 200 day simple moving average of $9.29. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. The stock has a market cap of $1.16 billion, a PE ratio of -2.64 and a beta of 1.01.

Institutional Trading of Viasat

Several large investors have recently made changes to their positions in VSAT. KBC Group NV boosted its stake in shares of Viasat by 107.9% during 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 in the last quarter. Everett Harris & Co. CA acquired a new position in shares of Viasat during the 4th quarter worth about $1,111,000. Caitlin John LLC lifted its position in shares of Viasat by 274.4% during the 4th quarter. Caitlin John LLC now owns 10,259 shares of the communications equipment provider's stock worth $87,000 after purchasing an additional 7,519 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Viasat during the 4th quarter worth about $1,801,000. Finally, Cambiar Investors LLC acquired a new position in shares of Viasat during the 4th quarter worth about $123,000. Institutional investors 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.