Viasat, Inc. (NASDAQ:VSAT) Receives Average Rating of "Hold" from Brokerages

Shares of Viasat, Inc. (NASDAQ:VSAT - Get Free Report) have been assigned a consensus rating of "Hold" from the six ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $22.33.

VSAT has been the topic of several research analyst reports. Bank of America dropped their price objective on shares of Viasat from $31.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, September 20th. Needham & Company LLC restated a "buy" rating and set a $28.00 price objective on shares of Viasat in a report on Monday, June 17th. JPMorgan Chase & Co. lowered Viasat from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $29.00 to $15.00 in a research note on Tuesday, September 17th. StockNews.com downgraded Viasat from a "hold" rating to a "sell" rating in a research note on Saturday, August 31st. Finally, Morgan Stanley lowered their price objective on Viasat from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 18th.

Insider Buying and Selling

In other Viasat news, insider Cpp Investment Board Private H sold 2,811,442 shares of the business's stock in a transaction that occurred on Monday, August 12th. The shares were 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 directly owns 8,545,334 shares in the company, valued at $170,052,146.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacific Wealth Management acquired a new stake in Viasat in the third quarter valued at approximately $134,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Viasat during the 2nd quarter valued at $61,000. Point72 Asset Management L.P. grew its position in Viasat by 63.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 644,155 shares of the communications equipment provider's stock worth $8,181,000 after acquiring an additional 250,389 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in Viasat by 1.1% in the second quarter. Disciplined Growth Investors Inc. MN now owns 3,449,281 shares of the communications equipment provider's stock valued at $43,806,000 after purchasing an additional 36,681 shares during the last quarter. Finally, Magnolia Capital Advisors LLC bought a new position in Viasat in the 2nd quarter valued at approximately $319,000. Institutional investors own 86.05% of the company's stock.

Viasat Stock Up 2.1 %

Shares of NASDAQ:VSAT traded up $0.23 during midday trading on Friday, hitting $11.40. The stock had a trading volume of 1,388,128 shares, compared to its average volume of 1,718,789. The company has a market cap of $1.46 billion, a P/E ratio of -1.30 and a beta of 1.34. Viasat has a 12 month low of $10.87 and a 12 month high of $29.11. The business's 50-day simple moving average is $15.87 and its 200-day simple moving average is $15.97. The company has a quick ratio of 2.78, a current ratio of 3.08 and a debt-to-equity ratio of 1.40.

Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.16. Viasat had a negative return on equity of 19.76% and a negative net margin of 22.13%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company earned ($0.83) earnings per share. The business's revenue for the quarter was up 41.1% compared to the same quarter last year. On average, sell-side analysts forecast that Viasat will post -1.43 earnings per share for the current fiscal year.

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.