Viasat, Inc. (NASDAQ:VSAT) Given Average Rating of “Hold” by Analysts

Viasat, Inc. (NASDAQ:VSAT) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $38.17.

Separately, Barclays dropped their price objective on Viasat from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, February 23rd.

Institutional Investors Weigh In On Viasat

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Viasat in the 2nd quarter valued at about $36,000. Signaturefd LLC lifted its stake in shares of Viasat by 303.6% in the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 759 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Viasat in the 2nd quarter valued at about $48,000. GAMMA Investing LLC bought a new stake in shares of Viasat in the 4th quarter valued at about $37,000. Finally, Captrust Financial Advisors lifted its stake in shares of Viasat by 29.2% in the 2nd quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 297 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Viasat Price Performance

NASDAQ:VSAT opened at $15.83 on Friday. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 2.09 and a beta of 1.33. Viasat has a 52-week low of $15.02 and a 52-week high of $47.35. The stock has a fifty day moving average of $18.02 and a 200 day moving average of $20.58. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.46 and a current ratio of 2.71.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.85). The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Viasat had a net margin of 6.01% and a return on equity of 4.52%. On average, research analysts expect that Viasat will post -1.43 EPS for the current fiscal year.

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.