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

Viasat, Inc. (NASDAQ:VSAT - Get Free Report) has received an average rating of "Hold" from the six research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.33.

A number of analysts have commented on the company. Needham & Company LLC reduced their target price on Viasat from $28.00 to $19.00 and set a "buy" rating for the company in a report 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 report on Wednesday, November 20th. Finally, Bank of America lowered their target price on shares of Viasat from $31.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, September 20th.

Insider Activity at Viasat

In other Viasat news, EVP Mark J. Miller sold 3,564 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.21, for a total transaction of $32,824.44. Following the completion of the sale, the executive vice president now owns 350,351 shares of the company's stock, valued at approximately $3,226,732.71. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VSAT. State Street Corp raised its stake in Viasat by 6.6% during the 3rd quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider's stock worth $53,083,000 after acquiring an additional 276,376 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in shares of 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 purchasing an additional 969,942 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Viasat by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider's stock valued at $29,950,000 after purchasing an additional 122,472 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Viasat by 8.2% during 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 buying an additional 115,909 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Viasat by 1,145.1% in the 2nd quarter. Millennium Management LLC now owns 816,478 shares of the communications equipment provider's stock worth $10,369,000 after buying an additional 750,904 shares during the period. 86.05% of the stock is owned by hedge funds and other institutional investors.

Viasat Stock Up 5.6 %

Shares of VSAT traded up $0.45 during trading hours on Monday, hitting $8.47. The company had a trading volume of 3,964,757 shares, compared to its average volume of 3,953,656. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -2.71 and a beta of 1.34. The firm has a fifty day moving average price of $8.84 and a 200-day moving average price of $12.54. Viasat has a 52-week low of $6.69 and a 52-week high of $26.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44.

Viasat (NASDAQ:VSAT - Get Free Report) last issued its earnings results 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 firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The firm's quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm posted ($6.16) earnings per share. On average, equities research analysts forecast that Viasat will post -2.64 EPS for the current fiscal year.

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.