Viasat, Inc. (NASDAQ:VSAT) Receives Consensus Recommendation of "Hold" from Analysts

Viasat, Inc. (NASDAQ:VSAT - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $18.33.

Several research analysts have recently issued reports on VSAT shares. 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 report on Friday, September 20th. Needham & Company LLC lowered their price target on Viasat from $28.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, October 15th. Barclays reduced their price objective on Viasat from $24.00 to $9.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut Viasat from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $29.00 to $15.00 in a research report on Tuesday, September 17th.

Viasat Stock Performance

VSAT opened at $8.85 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The stock's 50 day moving average price is $8.99 and its two-hundred day moving average price is $12.65. The firm has a market capitalization of $1.14 billion, a P/E ratio of -2.84 and a beta of 1.34. Viasat has a 12-month low of $6.69 and a 12-month high of $26.70.

Viasat (NASDAQ:VSAT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.53). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The company's revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($6.16) EPS. On average, equities analysts forecast that Viasat will post -2.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Mark J. Miller sold 3,564 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total transaction of $32,824.44. Following the sale, the executive vice president now owns 350,351 shares in the company, valued at approximately $3,226,732.71. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.20% of the company's stock.

Institutional Trading of Viasat

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in shares of Viasat in the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd bought a new stake in Viasat in the 3rd quarter valued at approximately $28,000. Quest Partners LLC bought a new stake in shares of Viasat in the second quarter worth $29,000. KBC Group NV boosted its stake in shares of Viasat by 63.7% during the 3rd quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider's stock worth $31,000 after buying an additional 1,021 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Viasat by 176.3% during the third quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider's stock valued at $33,000 after purchasing an additional 1,772 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

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.