Shares of Viasat, Inc. (NASDAQ:VSAT – Get Free Report) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $47.80.
A number of equities analysts have recently issued reports on VSAT shares. StockNews.com lowered shares of Viasat from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Barclays cut their price objective on shares of Viasat from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, September 18th. JPMorgan Chase & Co. started coverage on shares of Viasat in a report on Wednesday, August 16th. They issued a “neutral” rating and a $35.00 price objective on the stock. Raymond James restated a “market perform” rating on shares of Viasat in a report on Thursday, July 13th. Finally, Needham & Company LLC cut their price objective on shares of Viasat from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, August 11th.
Viasat Price Performance
Shares of VSAT stock opened at $19.99 on Monday. Viasat has a 1 year low of $19.95 and a 1 year high of $47.35. The firm’s 50 day moving average is $27.67 and its 200-day moving average is $34.39. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 1.48, a PEG ratio of 15.20 and a beta of 1.21. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 1.21.
Viasat (NASDAQ:VSAT – Get Free Report) last announced its earnings results on Wednesday, August 9th. The communications equipment provider reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($1.05). Viasat had a return on equity of 26.53% and a net margin of 37.40%. The company had revenue of $779.79 million for the quarter, compared to analyst estimates of $1.06 billion. Sell-side analysts forecast that Viasat will post 0.56 EPS for the current fiscal year.
Insiders Place Their Bets
In other Viasat news, Director Richard A. Baldridge sold 3,492 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $27.55, for a total value of $96,204.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Viasat news, Director Richard A. Baldridge sold 3,492 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $27.55, for a total value of $96,204.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James Michael Dodd sold 5,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $31.31, for a total transaction of $156,550.00. Following the sale, the insider now directly owns 17,856 shares of the company’s stock, valued at approximately $559,071.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,064 shares of company stock worth $271,334. Company insiders own 3.10% of the company’s stock.
Institutional Investors Weigh In On Viasat
Large investors have recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. bought a new stake in shares of Viasat during the second quarter worth $35,000. Quarry LP bought a new stake in shares of Viasat during the second quarter worth $36,000. Belpointe Asset Management LLC bought a new position in Viasat in the fourth quarter valued at $29,000. Quadrant Capital Group LLC grew its position in Viasat by 138.7% in the second quarter. Quadrant Capital Group LLC now owns 938 shares of the communications equipment provider’s stock valued at $39,000 after purchasing an additional 545 shares in the last quarter. Finally, Spire Wealth Management bought a new position in Viasat in the first quarter valued at $34,000. Institutional investors own 88.28% of the company’s stock.
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.