Viasat, Inc. (NASDAQ:VSAT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Viasat, Inc. (NASDAQ:VSAT) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $25.17.

A number of equities research analysts recently weighed in on VSAT shares. Morgan Stanley decreased their price objective on Viasat from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Viasat from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, May 28th. JPMorgan Chase & Co. decreased their price objective on Viasat from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Barclays decreased their price objective on Viasat from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Viasat in a research report on Monday, June 17th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Viasat by 303.6% in the fourth quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock worth $28,000 after buying an additional 759 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Viasat in the fourth quarter worth about $37,000. TFO Wealth Partners LLC boosted its stake in shares of Viasat by 11,033.3% in the fourth quarter. TFO Wealth Partners LLC now owns 1,670 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 1,655 shares during the last quarter. Tidemark LLC purchased a new stake in shares of Viasat in the fourth quarter worth about $72,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Viasat by 49.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,025 shares of the communications equipment provider’s stock worth $112,000 after buying an additional 1,335 shares during the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Price Performance

VSAT opened at $12.62 on Thursday. The business has a fifty day moving average of $15.86 and a 200 day moving average of $19.38. Viasat has a 52-week low of $11.76 and a 52-week high of $44.32. The company has a quick ratio of 2.44, a current ratio of 2.68 and a debt-to-equity ratio of 1.41. The stock has a market cap of $1.59 billion, a P/E ratio of -1.44 and a beta of 1.36.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings data on Tuesday, May 21st. The communications equipment provider reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.12). Viasat had a negative net margin of 24.95% and a negative return on equity of 19.76%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.11 billion. As a group, sell-side analysts anticipate that Viasat will post -1.46 EPS for the current year.

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.