Viasat Target of Unusually Large Options Trading (NASDAQ:VSAT)

Viasat Inc. (NASDAQ:VSAT - Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders acquired 7,736 call options on the company. This is an increase of 205% compared to the average daily volume of 2,535 call options.

Institutional Trading of Viasat

A number of institutional investors have recently made changes to their positions in the stock. Long Focus Capital Management LLC acquired a new position in shares of Viasat during the 1st quarter valued at $24,695,000. Nuveen LLC acquired a new position in shares of Viasat in the 1st quarter worth approximately $20,593,000. Millennium Management LLC lifted its stake in Viasat by 673.7% during the first quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider's stock valued at $14,443,000 after purchasing an additional 1,206,935 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Viasat by 64.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider's stock worth $29,866,000 after buying an additional 1,128,338 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Viasat by 538.7% during the 4th quarter. Two Sigma Investments LP now owns 1,136,675 shares of the communications equipment provider's stock valued at $9,673,000 after acquiring an additional 958,706 shares during the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Stock Performance

VSAT stock traded up $0.15 on Thursday, reaching $13.31. The company's stock had a trading volume of 2,477,888 shares, compared to its average volume of 3,059,515. The firm has a fifty day moving average of $9.71 and a two-hundred day moving average of $9.51. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.72 and a quick ratio of 1.55. The company has a market capitalization of $1.73 billion, a P/E ratio of -2.99 and a beta of 0.98. Viasat has a 52 week low of $6.69 and a 52 week high of $26.70.

Analysts Set New Price Targets

VSAT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Viasat from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday. Barclays upped their target price on Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Needham & Company LLC reduced 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. Wall Street Zen raised shares of Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, B. Riley cut their target price on shares of Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $19.00.

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.