Viasat, Inc. (NASDAQ:VSAT) Receives Average Recommendation of “Hold” from Analysts

Viasat, Inc. (NASDAQ:VSAT) has earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.33.

Several equities analysts have recently issued reports on the company. Needham & Company LLC decreased their price objective on Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Barclays cut their target price 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.

Insider Buying and Selling at Viasat

In related news, EVP Mark J. Miller sold 3,564 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.21, for a total value of $32,824.44. Following the sale, the executive vice president now directly owns 350,351 shares in the company, valued at approximately $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 accessible through this link. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in Viasat by 31.4% in the 2nd quarter. Rhumbline Advisers now owns 301,566 shares of the communications equipment provider’s stock valued at $3,830,000 after purchasing an additional 72,104 shares in the last quarter. Quest Partners LLC purchased a new position in Viasat during the 2nd quarter worth approximately $29,000. Daiwa Securities Group Inc. lifted its stake in Viasat by 4.2% in the second quarter. Daiwa Securities Group Inc. now owns 16,455 shares of the communications equipment provider’s stock valued at $209,000 after buying an additional 667 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 acquiring an additional 31,991 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Viasat by 98.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 36,068 shares of the communications equipment provider’s stock worth $458,000 after acquiring an additional 17,923 shares during the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Viasat Trading Up 5.0 %

NASDAQ:VSAT opened at $8.89 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 1.28. The firm has a fifty day simple moving average of $8.82 and a 200-day simple moving average of $12.46. Viasat has a 12 month low of $6.69 and a 12 month high of $26.70. The company has a market capitalization of $1.14 billion, a P/E ratio of -2.85 and a beta of 1.34.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.53). Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business earned ($6.16) earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Viasat will post -2.64 earnings per share for the current year.

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.