Viasat, Inc. (NASDAQ:VSAT - Get Free Report)'s share price was up 5.8% during trading on Friday . The company traded as high as $9.20 and last traded at $8.96. Approximately 430,746 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 3,615,132 shares. The stock had previously closed at $8.47.
Analyst Ratings Changes
A number of analysts recently commented on VSAT shares. Barclays decreased their target price 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. Needham & Company LLC decreased their target price on Viasat from $28.00 to $19.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. Finally, Bank of America decreased their target price on Viasat from $31.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Viasat has a consensus rating of "Hold" and a consensus price target of $18.33.
Check Out Our Latest Stock Analysis on Viasat
Viasat Price Performance
The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -2.85 and a beta of 1.34. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. The business has a 50 day simple moving average of $8.82 and a 200-day simple moving average of $12.48.
Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted ($6.16) EPS. Viasat's revenue for the quarter was down 8.4% on a year-over-year basis. Equities research analysts expect that Viasat, Inc. will post -2.64 earnings per share for the current year.
Insider Transactions at Viasat
In other news, EVP Mark J. Miller sold 3,564 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total value of $32,824.44. Following the transaction, the executive vice president now owns 350,351 shares in the company, valued at $3,226,732.71. The trade was a 1.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.20% of the company's stock.
Hedge Funds Weigh In On Viasat
Several institutional investors have recently bought and sold shares of VSAT. Quest Partners LLC purchased a new position in Viasat in the second quarter valued at approximately $29,000. American Century Companies Inc. lifted its stake in Viasat by 7.5% in the second quarter. American Century Companies Inc. now owns 460,602 shares of the communications equipment provider's stock valued at $5,850,000 after purchasing an additional 31,991 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Viasat by 98.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 36,068 shares of the communications equipment provider's stock valued at $458,000 after purchasing an additional 17,923 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Viasat by 58.7% in the second quarter. Hsbc Holdings PLC now owns 63,464 shares of the communications equipment provider's stock valued at $808,000 after purchasing an additional 23,469 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new position in Viasat in the second quarter valued at approximately $509,000. Hedge funds and other institutional investors own 86.05% of the company's stock.
About Viasat
(
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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