Viasat, Inc. (NASDAQ:VSAT) Receives $25.17 Consensus Price Target from Brokerages

Viasat, Inc. (NASDAQ:VSAT) has earned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $25.17.

Several equities research analysts have recently weighed in on VSAT shares. Bank of America upped their target price on Viasat from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. reduced their price target on Viasat from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price target on shares of Viasat in a report on Monday, June 17th. Barclays reduced their price target on Viasat from $28.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Viasat from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, May 28th.

Institutional Trading of Viasat

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Treasurer of the State of North Carolina raised its position in shares of Viasat by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,832 shares of the communications equipment provider’s stock worth $1,449,000 after purchasing an additional 500 shares during the period. VisionPoint Advisory Group LLC increased its position in Viasat by 1.2% in the 4th quarter. VisionPoint Advisory Group LLC now owns 50,290 shares of the communications equipment provider’s stock valued at $1,406,000 after acquiring an additional 597 shares during the period. Entropy Technologies LP increased its position in Viasat by 5.7% in the 1st quarter. Entropy Technologies LP now owns 13,137 shares of the communications equipment provider’s stock valued at $238,000 after acquiring an additional 707 shares during the period. Signaturefd LLC increased its position in 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 period. Finally, Hanson & Doremus Investment Management increased its position in Viasat by 24.0% in the 1st quarter. Hanson & Doremus Investment Management now owns 5,216 shares of the communications equipment provider’s stock valued at $94,000 after acquiring an additional 1,009 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Price Performance

VSAT stock opened at $12.70 on Thursday. Viasat has a 12-month low of $11.76 and a 12-month high of $44.32. The stock has a 50-day moving average price of $15.74 and a two-hundred day moving average price of $19.23. The company has a current ratio of 2.68, a quick ratio of 2.44 and a debt-to-equity ratio of 1.41. The company has a market cap of $1.60 billion, a PE ratio of -1.45 and a beta of 1.36.

Viasat (NASDAQ:VSAT) last issued its earnings results on Tuesday, May 21st. The communications equipment provider reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.12). Viasat had a negative return on equity of 19.76% and a negative net margin of 24.95%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.11 billion. As a group, research analysts predict that Viasat will post -1.46 EPS 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.