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

Viasat, Inc. (NASDAQ:VSAT) has been given an average rating of “Hold” by the six research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.33.

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

Insider Activity at Viasat

In other Viasat news, EVP Mark J. Miller sold 3,564 shares of Viasat stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $9.21, for a total value of $32,824.44. Following the completion of the sale, the executive vice president now directly owns 350,351 shares of the company’s stock, valued at approximately $3,226,732.71. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Viasat

Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI purchased a new position in Viasat during the third quarter worth about $27,000. Point72 Hong Kong Ltd acquired a new position in shares of Viasat during the 3rd quarter valued at about $28,000. Quest Partners LLC purchased a new position in shares of Viasat during the 2nd quarter worth about $29,000. KBC Group NV boosted 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 worth $31,000 after acquiring an additional 1,021 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in 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 and hedge funds own 86.05% of the company’s stock.

Viasat Price Performance

Shares of NASDAQ VSAT opened at $8.85 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. Viasat has a one year low of $6.69 and a one year high of $26.70. The firm has a market capitalization of $1.14 billion, a P/E ratio of -2.84 and a beta of 1.34. The company’s fifty day moving average is $8.99 and its two-hundred day moving average is $12.65.

Viasat (NASDAQ:VSAT) last issued its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share 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 company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted ($6.16) earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. 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.