Viasat’s (VSAT) Market Perform Rating Reiterated at William Blair

William Blair reaffirmed their market perform rating on shares of Viasat (NASDAQ:VSAT) in a report issued on Friday,RTT News reports.

Several other brokerages also recently weighed in on VSAT. Barclays cut their target price on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Morgan Stanley cut their price objective on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Viasat in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald assumed coverage on Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.43.

Viasat Trading Up 19.5 %

Shares of Viasat stock opened at $11.38 on Friday. The company’s 50-day simple moving average is $9.33 and its 200-day simple moving average is $11.88. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -3.39 and a beta of 1.35. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. Viasat has a 52-week low of $6.69 and a 52-week high of $26.70.

Viasat (NASDAQ:VSAT) last posted its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.28%. As a group, equities research analysts anticipate that Viasat will post -2.78 earnings per share for the current year.

Insider Activity at Viasat

In related news, EVP Mark J. Miller sold 3,564 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were 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 in the company, valued at approximately $3,226,732.71. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Viasat

Several large investors have recently made changes to their positions in the business. Sei Investments Co. increased its holdings in Viasat by 30.0% in the 2nd quarter. Sei Investments Co. now owns 19,270 shares of the communications equipment provider’s stock valued at $245,000 after purchasing an additional 4,446 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Viasat by 259.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,072 shares of the communications equipment provider’s stock valued at $788,000 after buying an additional 44,782 shares during the period. Algert Global LLC acquired a new position in Viasat during the 2nd quarter worth approximately $214,000. GAMMA Investing LLC boosted its holdings in Viasat by 176.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock worth $33,000 after acquiring an additional 1,772 shares during the period. Finally, Inspire Investing LLC grew its position in Viasat by 22.1% in the third quarter. Inspire Investing LLC now owns 34,182 shares of the communications equipment provider’s stock valued at $408,000 after acquiring an additional 6,189 shares in the last quarter. Institutional investors and hedge funds 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.