Analysts Set Viasat, Inc. (NASDAQ:VSAT) Target Price at $18.33

Shares of Viasat, Inc. (NASDAQ:VSAT) have earned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.33.

VSAT has been the topic of a number of research analyst reports. Needham & Company LLC decreased their target price on Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. StockNews.com lowered shares of Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. JPMorgan Chase & Co. cut Viasat from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $29.00 to $15.00 in a report on Tuesday, September 17th. Barclays lowered their price objective on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Finally, Bank of America dropped their target price on shares of Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, September 20th.

Viasat Stock Down 10.5 %

VSAT stock opened at $8.69 on Friday. 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 stock has a market capitalization of $1.12 billion, a PE ratio of -2.79 and a beta of 1.37. Viasat has a one year low of $6.69 and a one year high of $29.11. The company has a fifty day moving average of $10.43 and a 200-day moving average of $14.18.

Viasat (NASDAQ:VSAT) last released its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.53). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. Viasat’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business posted ($6.16) EPS. As a group, analysts expect that Viasat will post -2.38 EPS for the current year.

Institutional Trading of Viasat

Large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Viasat by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider’s stock worth $29,950,000 after purchasing an additional 122,472 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Viasat by 28.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock valued at $52,766,000 after purchasing an additional 969,942 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Viasat during the third quarter valued at approximately $27,000. State Street Corp boosted its position in Viasat by 6.6% during the 3rd quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock worth $53,083,000 after acquiring an additional 276,376 shares during the period. Finally, Centiva Capital LP acquired a new stake in Viasat in the third quarter worth about $328,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

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.