Viasat, Inc. (NASDAQ:VSAT - Get Free Report)'s stock price was down 3.9% during trading on Friday . The stock traded as low as $11.11 and last traded at $11.11. Approximately 1,071,761 shares traded hands during trading, a decline of 38% from the average daily volume of 1,729,765 shares. The stock had previously closed at $11.56.
Analyst Ratings Changes
Several equities research analysts have recently commented on VSAT shares. JPMorgan Chase & Co. downgraded shares of Viasat from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $29.00 to $15.00 in a research note on Tuesday, September 17th. Bank of America decreased their target price on shares of Viasat from $31.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, September 20th. StockNews.com downgraded shares of Viasat from a "hold" rating to a "sell" rating in a research report on Saturday, August 31st. Finally, Needham & Company LLC decreased their target price on shares of Viasat from $28.00 to $19.00 and set a "buy" rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.83.
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Viasat Stock Down 3.8 %
The company has a debt-to-equity ratio of 1.40, a current ratio of 3.08 and a quick ratio of 2.78. The business's fifty day simple moving average is $14.14 and its two-hundred day simple moving average is $15.52. The company has a market cap of $1.40 billion, a PE ratio of -1.27 and a beta of 1.34.
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 for the quarter, beating analysts' consensus estimates of ($0.42) by $0.16. Viasat had a negative net margin of 22.13% and a negative return on equity of 19.76%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the company earned ($0.83) earnings per share. The firm's revenue for the quarter was up 41.1% on a year-over-year basis. On average, analysts predict that Viasat, Inc. will post -1.43 earnings per share for the current year.
Insider Buying and Selling at Viasat
In related news, insider Cpp Investment Board Private H sold 2,811,442 shares of the company's stock in a transaction dated 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 owns 8,545,334 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Quest Partners LLC acquired a new position in shares of Viasat during the 2nd quarter worth about $29,000. GAMMA Investing LLC raised its holdings in Viasat by 176.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider's stock valued at $33,000 after acquiring an additional 1,772 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Viasat by 49.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,025 shares of the communications equipment provider's stock valued at $112,000 after acquiring an additional 1,335 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Viasat in the 2nd quarter valued at about $61,000. Finally, Headlands Technologies LLC acquired a new stake in Viasat in the 1st quarter valued at about $86,000. Institutional investors and hedge funds own 86.05% of the company's stock.
Viasat Company Profile
(
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.
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