Viasat (NASDAQ:VSAT) Price Target Raised to $10.00

Viasat (NASDAQ:VSAT) had its target price upped by Barclays from $9.00 to $10.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the communications equipment provider’s stock.

VSAT has been the topic of several other research reports. Morgan Stanley dropped their price target on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Cantor Fitzgerald started coverage on shares of Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 price target on the stock. StockNews.com raised shares of Viasat from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of Viasat in a report on Monday, February 10th. Finally, William Blair reaffirmed a “market perform” rating on shares of Viasat in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.57.

Viasat Stock Down 0.3 %

NASDAQ:VSAT opened at $8.74 on Wednesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of -2.60 and a beta of 1.35. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. The company’s fifty day moving average price is $9.32 and its 200-day moving average price is $10.88. Viasat has a 1-year low of $6.69 and a 1-year high of $26.70.

Viasat (NASDAQ:VSAT) last released its quarterly earnings results 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 8.37%. As a group, equities research analysts anticipate that Viasat will post -0.54 EPS for the current year.

Insiders Place Their Bets

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of Viasat stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the sale, the insider now directly owns 4,795,334 shares in the company, valued at $43,158,006. This trade represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark J. Miller sold 3,564 shares of Viasat stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.21, for a total transaction of $32,824.44. Following the sale, the executive vice president now owns 350,351 shares of the company’s stock, valued at approximately $3,226,732.71. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Viasat

Institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System grew its holdings in shares of Viasat by 7.9% in the third quarter. Louisiana State Employees Retirement System now owns 40,800 shares of the communications equipment provider’s stock valued at $487,000 after purchasing an additional 3,000 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Viasat by 9.0% in the third quarter. State of Alaska Department of Revenue now owns 48,125 shares of the communications equipment provider’s stock valued at $574,000 after purchasing an additional 3,978 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Viasat by 26.4% in the third quarter. Harbor Capital Advisors Inc. now owns 21,402 shares of the communications equipment provider’s stock valued at $256,000 after purchasing an additional 4,468 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Viasat by 35.2% in the third quarter. Van ECK Associates Corp now owns 28,711 shares of the communications equipment provider’s stock valued at $343,000 after purchasing an additional 7,477 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Viasat by 88.0% in the third quarter. Asset Management One Co. Ltd. now owns 10,950 shares of the communications equipment provider’s stock valued at $131,000 after purchasing an additional 5,126 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

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.