Viasat (NASDAQ:VSAT - Free Report) had its price objective decreased by Needham & Company LLC from $28.00 to $19.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Needham & Company LLC currently has a buy rating on the communications equipment provider's stock.
Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Viasat from a hold rating to a sell rating in a research report on Saturday, August 31st. Bank of America reduced their target price on shares of Viasat from $31.00 to $19.00 and set a buy rating for the company in a report on Friday, September 20th. JPMorgan Chase & Co. lowered Viasat from an overweight rating to a neutral rating and lowered their price target for the stock from $29.00 to $15.00 in a report on Tuesday, September 17th. Finally, Morgan Stanley reduced their price objective on Viasat from $28.00 to $26.00 and set an equal weight rating for the company in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Viasat presently has a consensus rating of Hold and an average price target of $20.83.
Get Our Latest Report on Viasat
Viasat Stock Down 1.6 %
VSAT stock traded down $0.17 during midday trading on Tuesday, reaching $10.76. 2,051,854 shares of the company were exchanged, compared to its average volume of 1,730,653. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -1.24 and a beta of 1.34. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.78 and a current ratio of 3.08. Viasat has a 1-year low of $10.40 and a 1-year high of $29.11. The stock's 50-day simple moving average is $14.90 and its 200 day simple moving average is $15.68.
Viasat (NASDAQ:VSAT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted ($0.83) earnings per share. The business's quarterly revenue was up 41.1% compared to the same quarter last year. On average, equities analysts forecast that Viasat will post -1.43 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 stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.90, for a total value of $55,947,695.80. Following the completion of the transaction, the insider now directly owns 8,545,334 shares of the company's stock, valued at approximately $170,052,146.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.10% of the stock is owned by corporate insiders.
Institutional Trading of Viasat
Large investors have recently modified their holdings of the business. Quest Partners LLC acquired a new stake in Viasat during the 2nd quarter valued at $29,000. GAMMA Investing LLC increased its position in Viasat by 176.3% during 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. acquired a new position in Viasat in the 2nd quarter valued at about $61,000. Nisa Investment Advisors LLC purchased a new position in Viasat in the 2nd quarter valued at about $67,000. Finally, nVerses Capital LLC acquired a new stake in shares of Viasat during the 2nd quarter worth about $81,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.
About Viasat
(
Get Free Report)
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.
See Also
Before you consider Viasat, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viasat wasn't on the list.
While Viasat currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
