Viasat, Inc. (NASDAQ:VSAT) Receives $18.33 Consensus Target Price from Analysts

Shares of Viasat, Inc. (NASDAQ:VSAT) have been given an average rating of “Hold” by the six brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.33.

Several research analysts have recently commented on VSAT shares. Barclays reduced their target price on Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Needham & Company LLC reduced their price objective on Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, Bank of America reduced their price objective on Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, September 20th.

Insider Activity

In other news, EVP Mark J. Miller sold 3,564 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total value of $32,824.44. Following the transaction, the executive vice president now owns 350,351 shares of the company’s stock, valued at $3,226,732.71. This represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its stake in shares of Viasat by 23.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 26,324 shares of the communications equipment provider’s stock valued at $224,000 after purchasing an additional 4,922 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Viasat by 115.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 282,475 shares of the communications equipment provider’s stock valued at $3,373,000 after purchasing an additional 151,590 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Viasat by 6.6% in the 3rd quarter. Principal Financial Group Inc. now owns 400,320 shares of the communications equipment provider’s stock valued at $4,780,000 after purchasing an additional 24,889 shares during the period. Geode Capital Management LLC lifted its stake in shares of Viasat by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider’s stock valued at $29,950,000 after purchasing an additional 122,472 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its position in shares of Viasat by 28.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock valued at $52,766,000 after buying an additional 969,942 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Stock Up 6.8 %

Shares of VSAT opened at $8.02 on Monday. The company has a market capitalization of $1.03 billion, a P/E ratio of -2.57 and a beta of 1.34. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. Viasat has a one year low of $6.69 and a one year high of $26.70. The business’s 50 day simple moving average is $8.89 and its 200-day simple moving average is $12.57.

Viasat (NASDAQ:VSAT) last announced its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.54) by ($0.53). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($6.16) earnings per share. As a group, sell-side analysts predict that Viasat will post -2.38 EPS for the current fiscal 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.