Viasat (NASDAQ:VSAT) Trading Down 5.9% - What's Next?

Viasat Inc. (NASDAQ:VSAT - Get Free Report) traded down 5.9% during trading on Friday . The stock traded as low as $14.55 and last traded at $14.49. 826,210 shares were traded during mid-day trading, a decline of 73% from the average session volume of 3,055,263 shares. The stock had previously closed at $15.40.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VSAT. William Blair restated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. B. Riley decreased 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. Deutsche Bank Aktiengesellschaft upped their price objective on Viasat from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, Needham & Company LLC lowered their price objective 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. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.00.

Viasat Trading Down 5.4%

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 capitalization of $1.90 billion, a P/E ratio of -3.28 and a beta of 1.17. The company has a 50-day moving average price of $11.64 and a 200 day moving average price of $10.12.

Hedge Funds Weigh In On Viasat

Institutional investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC raised its stake in shares of Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock valued at $38,000 after acquiring an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in 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 acquiring an additional 1,267 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Viasat by 2.9% in the first quarter. SummerHaven Investment Management LLC now owns 52,738 shares of the communications equipment provider's stock worth $550,000 after acquiring an additional 1,494 shares during the last quarter. MAI Capital Management grew its holdings in Viasat by 74.7% during the 1st 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 in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in shares of Viasat by 11.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,673 shares of the communications equipment provider's stock valued at $174,000 after purchasing an additional 1,700 shares during the last quarter. Hedge funds and other 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.

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