Wealthfront Advisers LLC Purchases Shares of 41,457 Viasat, Inc. (NASDAQ:VSAT)

Wealthfront Advisers LLC purchased a new position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 41,457 shares of the communications equipment provider's stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VSAT. Steward Partners Investment Advisory LLC lifted its stake in shares of 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 acquiring an additional 1,267 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Viasat during the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd bought a new stake in shares of Viasat during the 3rd quarter worth approximately $28,000. KBC Group NV raised its position in Viasat by 63.7% during the 3rd quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider's stock valued at $31,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Viasat during the 4th quarter valued at $31,000. 86.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the transaction, the insider now directly owns 4,795,334 shares in the company, valued at $43,158,006. The trade was a 43.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is owned by company insiders.

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Viasat Stock Down 2.8 %

Shares of NASDAQ:VSAT traded down $0.28 on Thursday, reaching $9.61. The company had a trading volume of 1,068,031 shares, compared to its average volume of 2,531,784. Viasat, Inc. has a 52-week low of $6.69 and a 52-week high of $26.70. The firm's 50 day simple moving average is $9.43 and its 200-day simple moving average is $10.17. The firm has a market capitalization of $1.24 billion, a PE ratio of -2.86 and a beta of 1.38. 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 announced its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. As a group, analysts expect that Viasat, Inc. will post -0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VSAT shares. StockNews.com raised Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Barclays lifted their target price on Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Cantor Fitzgerald started coverage on Viasat in a research report on Friday, January 24th. They set a "neutral" rating and a $12.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 target price on shares of Viasat in a research report on Monday, February 10th. Finally, William Blair reaffirmed a "market perform" rating on shares of Viasat in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $15.57.

About Viasat

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.