Viasat, Inc. (NASDAQ:VSAT) Receives $15.43 Consensus Price Target from Brokerages

Viasat, Inc. (NASDAQ:VSAT) has received an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $15.43.

Several equities research analysts have recently commented on VSAT shares. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Viasat in a report on Tuesday, January 21st. Morgan Stanley cut their price objective on Viasat from $26.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Cantor Fitzgerald started coverage on Viasat in a report on Friday, January 24th. They issued a “neutral” rating and a $12.00 price objective for the company. Barclays cut their price objective on Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Finally, William Blair restated a “market perform” rating on shares of Viasat in a research note on Friday.

Insider Activity at Viasat

In other Viasat 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 transaction of $32,824.44. Following the transaction, the executive vice president now owns 350,351 shares in the company, valued at $3,226,732.71. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its position in Viasat by 75.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 1,267 shares during the period. National Bank of Canada FI bought a new position in shares of Viasat in the third quarter worth $27,000. Point72 Hong Kong Ltd bought a new position in shares of Viasat in the third quarter worth $28,000. KBC Group NV increased its position in shares of Viasat by 63.7% in the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 1,021 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in shares of Viasat in the fourth quarter worth $31,000. Institutional investors own 86.05% of the company’s stock.

Viasat Trading Up 19.5 %

NASDAQ:VSAT opened at $11.38 on Friday. Viasat has a twelve month low of $6.69 and a twelve month high of $26.70. 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 business has a 50 day moving average price of $9.33 and a two-hundred day moving average price of $11.88. The company has a market cap of $1.46 billion, a P/E ratio of -3.39 and a beta of 1.35.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) EPS 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, analysts expect that Viasat will post -2.78 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.