Shares of Viasat, Inc. (NASDAQ:VSAT - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $9.78, but opened at $10.33. Viasat shares last traded at $10.60, with a volume of 611,553 shares traded.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on VSAT shares. StockNews.com upgraded shares of Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Monday. William Blair restated a "market perform" rating on shares of Viasat in a research note on Friday, February 7th. Barclays lifted their price objective on Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, Cantor Fitzgerald initiated coverage on Viasat in a report on Friday, January 24th. They issued a "neutral" rating and a $12.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $14.57.
Read Our Latest Analysis on Viasat
Viasat Stock Performance
The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -3.26 and a beta of 1.38. The stock's 50 day moving average is $9.74 and its two-hundred day moving average is $9.99.
Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share 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%. Analysts anticipate that Viasat, Inc. will post -0.54 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.20% of the company's stock.
Institutional Investors Weigh In On Viasat
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Viasat by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock worth $117,216,000 after buying an additional 194,006 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Viasat by 16.1% in the fourth quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider's stock worth $42,912,000 after acquiring an additional 700,533 shares in the last quarter. State Street Corp boosted its holdings in Viasat by 6.6% in 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 purchasing an additional 276,376 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in Viasat by 28.1% during the 3rd 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 during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Viasat by 5.1% in 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 last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.
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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