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

Shares of Viasat, Inc. (NASDAQ:VSAT) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $18.33.

A number of research firms have issued reports on VSAT. Barclays lowered their target price on Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Needham & Company LLC lowered their target price on Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Bank of America lowered their target price on Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a report on Friday, September 20th.

Insider Activity

In other news, EVP Mark J. Miller sold 3,564 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.21, for a total value of $32,824.44. Following the completion of the transaction, the executive vice president now owns 350,351 shares in the company, valued at $3,226,732.71. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viasat

Hedge funds have recently modified their holdings of the stock. National Bank of Canada FI bought a new position in shares of Viasat in the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd bought a new position in shares of Viasat in the 3rd quarter valued at about $28,000. Quest Partners LLC bought a new position in shares of Viasat in the 2nd quarter valued at about $29,000. KBC Group NV grew its holdings in shares of Viasat by 63.7% in the 3rd quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 1,021 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Viasat by 176.3% in the 3rd 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 last quarter. Institutional investors own 86.05% of the company’s stock.

Viasat Price Performance

VSAT opened at $8.02 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. Viasat has a 12 month low of $6.69 and a 12 month high of $26.70. The company has a fifty day simple moving average of $8.89 and a 200 day simple moving average of $12.57. The stock has a market cap of $1.03 billion, a P/E ratio of -2.57 and a beta of 1.34.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.53). Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company earned ($6.16) EPS. Viasat’s quarterly revenue was down 8.4% on a year-over-year basis. On average, research analysts expect that Viasat will post -2.38 EPS for the current 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.