Shares of Viasat, Inc. (NASDAQ:VSAT – Get Free Report) traded up 5.6% during trading on Monday . The company traded as high as $15.32 and last traded at $15.19. 1,543,320 shares changed hands during trading, an increase of 7% from the average session volume of 1,436,559 shares. The stock had previously closed at $14.39.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on VSAT. Morgan Stanley cut their price objective on shares of Viasat from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft cut their price target on Viasat from $23.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, May 28th. JPMorgan Chase & Co. decreased their price objective on Viasat from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Bank of America boosted their price objective on Viasat from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Finally, Barclays decreased their target price on shares of Viasat from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.17.
Viasat Trading Up 5.4 %
The stock has a market cap of $1.91 billion, a P/E ratio of -1.74 and a beta of 1.37. The stock’s 50-day moving average is $15.54 and its two-hundred day moving average is $18.77. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.68 and a quick ratio of 2.44.
Viasat (NASDAQ:VSAT – Get Free Report) last issued its quarterly earnings data on Tuesday, May 21st. The communications equipment provider reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.12). The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Viasat had a negative net margin of 24.95% and a negative return on equity of 19.76%. Equities research analysts anticipate that Viasat, Inc. will post -1.46 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its stake in Viasat by 303.6% during the fourth quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 759 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Viasat during the fourth quarter valued at $37,000. TFO Wealth Partners LLC raised its stake in Viasat by 11,033.3% during the fourth quarter. TFO Wealth Partners LLC now owns 1,670 shares of the communications equipment provider’s stock valued at $47,000 after purchasing an additional 1,655 shares in the last quarter. Tidemark LLC purchased a new stake in Viasat during the fourth quarter valued at $72,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Viasat by 49.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,025 shares of the communications equipment provider’s stock valued at $112,000 after acquiring an additional 1,335 shares during the period. 86.05% of the stock is currently owned by institutional investors.
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.