Brokerages Set Viasat, Inc. (NASDAQ:VSAT) PT at $18.33

Shares of Viasat, Inc. (NASDAQ:VSAT) have been given a consensus rating of “Hold” by the six brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.33.

A number of equities analysts recently weighed in on the stock. Bank of America reduced their target price on shares of Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, September 20th. JPMorgan Chase & Co. downgraded Viasat from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $29.00 to $15.00 in a report on Tuesday, September 17th. StockNews.com cut Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Barclays decreased their price target 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. Finally, Needham & Company LLC lowered their price objective on shares of Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th.

Insider Buying and Selling at Viasat

In related news, EVP Mark J. Miller sold 3,564 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.21, for a total transaction of $32,824.44. Following the completion of the sale, the executive vice president now directly owns 350,351 shares in the company, valued at $3,226,732.71. This represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Viasat

Institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of Viasat during the third quarter valued at approximately $27,000. Point72 Hong Kong Ltd bought a new stake in Viasat in the 3rd quarter worth approximately $28,000. Quest Partners LLC bought a new position in shares of Viasat during the 2nd quarter valued at $29,000. KBC Group NV boosted its stake in shares of Viasat by 63.7% in the 3rd quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 1,021 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Viasat by 176.3% in the third 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. 86.05% of the stock is currently owned by institutional investors.

Viasat Price Performance

NASDAQ:VSAT opened at $8.79 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.13 billion, a PE ratio of -2.82 and a beta of 1.34. Viasat has a 12 month low of $6.69 and a 12 month high of $29.11. The company’s 50-day moving average price is $9.42 and its two-hundred day moving average price is $13.19.

Viasat (NASDAQ:VSAT) last announced its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.53). Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted ($6.16) earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities analysts anticipate 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.