Viasat (NASDAQ:VSAT) Hits New 12-Month Low - What's Next?

Viasat, Inc. (NASDAQ:VSAT - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $10.39 and last traded at $10.43, with a volume of 128587 shares. The stock had previously closed at $10.60.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VSAT shares. Needham & Company LLC lowered their price target 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. StockNews.com lowered shares of Viasat from a "hold" rating to a "sell" rating in a research report on Saturday, August 31st. JPMorgan Chase & Co. lowered Viasat from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $29.00 to $15.00 in a research note on Tuesday, September 17th. Finally, Bank of America decreased their target price on Viasat from $31.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Viasat has a consensus rating of "Hold" and an average price target of $20.83.

Viasat Stock Down 3.0 %

The company has a quick ratio of 2.78, a current ratio of 3.08 and a debt-to-equity ratio of 1.40. The stock has a 50-day simple moving average of $13.80 and a two-hundred day simple moving average of $15.43. The firm has a market cap of $1.30 billion, a PE ratio of -1.15 and a beta of 1.34.

Viasat (NASDAQ:VSAT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.42) by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.07 billion. Viasat had a negative net margin of 22.13% and a negative return on equity of 19.76%. The business's quarterly revenue was up 41.1% on a year-over-year basis. During the same period last year, the business earned ($0.83) earnings per share. Analysts expect that Viasat, Inc. will post -1.44 earnings per share for the current year.

Insider Buying and Selling at Viasat

In other Viasat news, insider Cpp Investment Board Private H sold 2,811,442 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.90, for a total transaction of $55,947,695.80. Following the completion of the transaction, the insider now owns 8,545,334 shares of the company's stock, valued at $170,052,146.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quest Partners LLC bought a new stake in Viasat during the second quarter worth about $29,000. GAMMA Investing LLC boosted its position in shares of Viasat by 176.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider's stock worth $33,000 after purchasing an additional 1,772 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Viasat in the 2nd quarter worth approximately $61,000. Carolina Wealth Advisors LLC bought a new position in Viasat during the 3rd quarter valued at approximately $63,000. Finally, Nisa Investment Advisors LLC purchased a new position in Viasat during the second quarter valued at $67,000. Hedge funds and other institutional investors own 86.05% of the company's stock.

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.