Viasat, Inc. (NASDAQ:VSAT) Receives $15.57 Average PT from Brokerages

Shares of Viasat, Inc. (NASDAQ:VSAT - Get Free Report) have been given an average recommendation of "Hold" by the eight analysts that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $15.57.

Several research analysts have weighed in on VSAT shares. Needham & Company LLC reiterated a "buy" rating and issued a $19.00 price target on shares of Viasat in a report on Monday, February 10th. Morgan Stanley reduced their price target on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. StockNews.com upgraded Viasat from a "sell" rating to a "hold" rating in a research note on Friday. Barclays raised their price target on Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, William Blair reissued a "market perform" rating on shares of Viasat in a report on Friday, February 7th.

Insider Transactions at Viasat

In other news, EVP Mark J. Miller sold 3,564 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were 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 in the company, valued at approximately $3,226,732.71. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Cpp Investment Board Private H sold 3,750,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $9.00, for a total value of $33,750,000.00. Following the sale, the insider now owns 4,795,334 shares of the company's stock, valued at approximately $43,158,006. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is owned by corporate insiders.

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Institutional Trading of Viasat

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC increased its position in Viasat by 75.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 1,267 shares in the last quarter. National Bank of Canada FI acquired a new position in Viasat during the third quarter worth $27,000. Point72 Hong Kong Ltd purchased a new stake in shares of Viasat in the third quarter valued at about $28,000. KBC Group NV raised its position in Viasat by 63.7% in the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider's stock worth $31,000 after acquiring an additional 1,021 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in Viasat in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 86.05% of the company's stock.

Viasat Stock Performance

Viasat stock traded up $0.18 during midday trading on Tuesday, hitting $9.73. 3,061,127 shares of the company's stock were exchanged, compared to its average volume of 4,265,770. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -2.90 and a beta of 1.38. Viasat has a 12-month low of $6.69 and a 12-month high of $26.70. The firm's 50 day simple moving average is $9.31 and its 200 day simple moving average is $10.66. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80.

Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) EPS for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.37% and a negative net margin of 9.49%. Equities research analysts predict that Viasat will post -0.54 EPS for the current 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.