Viasat (NASDAQ:VSAT) Trading Down 3.9% - What's Next?

Shares of Viasat, Inc. (NASDAQ:VSAT - Get Free Report) fell 3.9% during trading on Tuesday . The stock traded as low as $8.04 and last traded at $8.00. 565,187 shares were traded during trading, a decline of 79% from the average session volume of 2,706,846 shares. The stock had previously closed at $8.33.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. William Blair restated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. StockNews.com raised Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley cut their price objective on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised Viasat from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Monday, March 24th. Finally, Barclays upped 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. Six 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, the stock currently has a consensus rating of "Hold" and an average target price of $14.57.

Viasat Trading Up 3.0 %

The company has a 50 day moving average of $9.26 and a 200 day moving average of $9.40. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -2.66 and a beta of 1.06. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35.

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 the consensus estimate of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.37% and a negative net margin of 9.49%. As a group, research analysts anticipate that Viasat, Inc. will post -0.54 EPS for the current year.

Insider Activity

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of the company's stock in a transaction 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 sale, the insider now owns 4,795,334 shares in the company, valued at approximately $43,158,006. The trade was a 43.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.20% of the company's stock.

Institutional Trading of Viasat

A number of institutional investors and hedge funds have recently modified their holdings of VSAT. AlphaQuest LLC boosted its position in shares of Viasat by 39.0% during the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock worth $38,000 after purchasing an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Viasat by 75.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after acquiring an additional 1,267 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Viasat by 2.9% during the first quarter. SummerHaven Investment Management LLC now owns 52,738 shares of the communications equipment provider's stock worth $550,000 after purchasing an additional 1,494 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Viasat by 2.9% during the 4th quarter. MetLife Investment Management LLC now owns 72,132 shares of the communications equipment provider's stock valued at $614,000 after purchasing an additional 2,050 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Viasat by 10.2% in the 4th quarter. Arizona State Retirement System now owns 25,947 shares of the communications equipment provider's stock valued at $221,000 after purchasing an additional 2,391 shares during the period. 86.05% of the stock is owned by institutional investors.

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.