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

Viasat (NASDAQ:VSAT - Free Report) had its price target increased by Barclays from $9.00 to $10.00 in a report issued on Wednesday,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. William Blair reaffirmed a "market perform" rating on shares of Viasat in a research note on Friday, February 7th. StockNews.com upgraded shares of Viasat from a "sell" rating to a "hold" rating in a report on Wednesday, February 19th. Morgan Stanley cut their price objective 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. Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 price target on shares of Viasat in a research report on Monday, February 10th. Finally, Cantor Fitzgerald assumed 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $15.57.

Remove Ads

Viasat Stock Performance

Viasat stock traded down $0.03 during mid-day trading on Wednesday, reaching $8.74. The company had a trading volume of 2,142,870 shares, compared to its average volume of 4,339,949. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. Viasat has a 52 week low of $6.69 and a 52 week high of $26.70. The company has a 50 day moving average of $9.32 and a 200-day moving average of $10.88. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -2.60 and a beta of 1.35.

Viasat (NASDAQ:VSAT - Get Free Report) last announced its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.37% and a negative net margin of 9.49%. On average, sell-side analysts expect that Viasat will post -0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $9.00, for a total value of $33,750,000.00. Following the sale, the insider now directly owns 4,795,334 shares in the company, valued at approximately $43,158,006. The trade was a 43.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark J. Miller sold 3,564 shares of the business's stock in a transaction dated 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 directly owns 350,351 shares of the company's stock, valued at $3,226,732.71. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.20% of the company's stock.

Institutional Investors Weigh In On Viasat

A number of institutional investors have recently modified their holdings of VSAT. Steward Partners Investment Advisory LLC boosted its position in Viasat by 75.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 1,267 shares during the last quarter. National Bank of Canada FI purchased a new position in Viasat during the 3rd quarter valued at approximately $27,000. Point72 Hong Kong Ltd purchased a new position in Viasat during the 3rd quarter valued at approximately $28,000. KBC Group NV grew its holdings in Viasat by 63.7% during the 3rd quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider's stock valued at $31,000 after buying an additional 1,021 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Viasat in the 4th quarter worth approximately $31,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

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.