Viasat, Inc. (NASDAQ:VSAT) Receives $18.33 Average PT from Analysts

Viasat, Inc. (NASDAQ:VSAT) has received an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.33.

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Viasat from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $29.00 to $15.00 in a report on Tuesday, September 17th. StockNews.com cut shares of Viasat from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Bank of America cut their price target on shares of Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Barclays cut their price target on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Finally, Needham & Company LLC cut their price target on shares of Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th.

Institutional Trading of Viasat

Several hedge funds have recently added to or reduced their stakes in VSAT. National Bank of Canada FI bought a new stake in Viasat in the third quarter worth about $27,000. Point72 Hong Kong Ltd bought a new stake in Viasat in the third quarter worth about $28,000. Quest Partners LLC bought a new stake in Viasat in the second quarter worth about $29,000. KBC Group NV raised its position in shares of Viasat by 63.7% in the third 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 during the period. Finally, GAMMA Investing LLC raised its position in shares of Viasat by 176.3% in the third quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock valued at $33,000 after purchasing an additional 1,772 shares during the period. Institutional investors own 86.05% of the company’s stock.

Viasat Stock Up 10.5 %

Shares of NASDAQ VSAT opened at $9.60 on Friday. The stock has a market capitalization of $1.23 billion, a P/E ratio of -3.08 and a beta of 1.37. The company has a 50-day moving average price of $10.28 and a 200-day moving average price of $14.09. Viasat has a 1 year low of $6.69 and a 1 year high of $29.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.53). The business had revenue of $1.12 billion for 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%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($6.16) earnings per share. On average, equities research analysts forecast that Viasat will post -2.38 EPS for the current fiscal 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.