Viasat, Inc. (NASDAQ:VSAT) Receives $18.33 Consensus Price Target from Brokerages

Shares of Viasat, Inc. (NASDAQ:VSAT) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $18.33.

VSAT has been the subject of several recent research reports. 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. Needham & Company LLC cut their price objective on shares of Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th.

Viasat Stock Performance

NASDAQ VSAT opened at $8.89 on Monday. The stock has a market capitalization of $1.14 billion, a PE ratio of -2.85 and a beta of 1.34. Viasat has a 1-year low of $6.69 and a 1-year high of $26.70. The business has a 50 day simple moving average of $8.82 and a two-hundred day simple moving average of $12.46. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34.

Viasat (NASDAQ:VSAT) last announced its quarterly 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 business 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 firm posted ($6.16) EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, research analysts predict that Viasat will post -2.64 EPS for the current fiscal year.

Insider Transactions at Viasat

In other news, EVP Mark J. Miller sold 3,564 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $9.21, for a total transaction of $32,824.44. Following the transaction, the executive vice president now directly owns 350,351 shares of the company’s stock, valued at approximately $3,226,732.71. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VSAT. Inspire Investing LLC increased its stake in shares of Viasat by 38.9% during the fourth quarter. Inspire Investing LLC now owns 47,484 shares of the communications equipment provider’s stock valued at $404,000 after buying an additional 13,302 shares during the period. M.E. Allison & CO. Inc. bought a new stake in shares of Viasat in the 4th quarter valued at about $105,000. Harbor Capital Advisors Inc. lifted its position in shares of Viasat by 23.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 26,324 shares of the communications equipment provider’s stock worth $224,000 after purchasing an additional 4,922 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Viasat by 115.8% during the third quarter. JPMorgan Chase & Co. now owns 282,475 shares of the communications equipment provider’s stock valued at $3,373,000 after purchasing an additional 151,590 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Viasat by 6.6% during the third quarter. Principal Financial Group Inc. now owns 400,320 shares of the communications equipment provider’s stock valued at $4,780,000 after buying an additional 24,889 shares during the period. 86.05% of the stock is currently owned by hedge funds and other 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.