Brokerages Set Viasat, Inc. (NASDAQ:VSAT) Target Price at $18.33

Viasat, Inc. (NASDAQ:VSAT - Get Free Report) has received a consensus rating of "Hold" from the six ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.33.

A number of equities analysts have recently issued reports on VSAT shares. StockNews.com downgraded Viasat from a "hold" rating to a "sell" rating in a research note on Saturday, August 31st. Needham & Company LLC decreased their price target on Viasat from $28.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. Bank of America decreased their price target on Viasat from $31.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, September 20th. JPMorgan Chase & Co. cut Viasat from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $29.00 to $15.00 in a report on Tuesday, September 17th. Finally, Barclays reduced their target price on Viasat from $24.00 to $9.00 and set an "equal weight" rating on the stock in a report on Wednesday.

Viasat Stock Up 13.0 %

VSAT stock traded up $1.08 on Friday, reaching $9.41. 8,681,239 shares of the company traded hands, compared to its average volume of 3,065,175. The firm has a fifty day simple moving average of $10.51 and a 200-day simple moving average of $14.23. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. Viasat has a one year low of $6.69 and a one year high of $29.11. The company has a market cap of $1.21 billion, a P/E ratio of -3.02 and a beta of 1.37.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Viasat by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 12,532,375 shares of the communications equipment provider's stock valued at $226,711,000 after purchasing an additional 348,166 shares in the last quarter. State Street Corp increased its holdings in Viasat by 6.6% during the third quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider's stock valued at $53,083,000 after buying an additional 276,376 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in Viasat by 28.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider's stock worth $52,766,000 after buying an additional 969,942 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Viasat by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider's stock worth $29,950,000 after buying an additional 122,472 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Viasat by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,523,465 shares of the communications equipment provider's stock valued at $18,190,000 after acquiring an additional 115,909 shares during the period. 86.05% of the stock is currently owned by institutional investors.

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.