MYDA Advisors LLC Purchases Shares of 50,900 Viasat, Inc. (NASDAQ:VSAT)

MYDA Advisors LLC bought a new position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 50,900 shares of the communications equipment provider's stock, valued at approximately $433,000.

Several other hedge funds and other institutional investors have also modified their holdings of VSAT. Steward Partners Investment Advisory LLC boosted its holdings in shares of Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after acquiring an additional 1,267 shares during the period. Venturi Wealth Management LLC bought a new stake in Viasat in the 4th quarter valued at $31,000. Sterling Capital Management LLC grew its holdings in Viasat by 850.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after buying an additional 3,546 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Viasat during the 4th quarter worth $35,000. Finally, AlphaQuest LLC increased its position in Viasat by 39.0% during the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock worth $38,000 after buying an additional 1,255 shares during the period. Institutional investors own 86.05% of the company's stock.

Insiders Place Their Bets

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of Viasat 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 completion of the transaction, the insider now directly owns 4,795,334 shares of the company's stock, valued at approximately $43,158,006. This trade represents a 43.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.20% of the company's stock.

Viasat Price Performance

Viasat stock traded up $0.26 during mid-day trading on Wednesday, reaching $8.42. The company had a trading volume of 2,073,729 shares, compared to its average volume of 2,727,109. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The company has a market cap of $1.09 billion, a P/E ratio of -2.51 and a beta of 1.06. The business has a fifty day simple moving average of $9.27 and a 200 day simple moving average of $9.42.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Barclays boosted their price objective on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Cantor Fitzgerald began coverage on shares of Viasat in a research report on Friday, January 24th. They issued a "neutral" rating and a $12.00 price target for the company. William Blair reissued a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Finally, Morgan Stanley cut their target price on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Viasat has an average rating of "Hold" and an average target price of $14.57.

Viasat 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.