Viasat, Inc. (NASDAQ:VSAT) Receives $40.17 Consensus Target Price from Analysts

Viasat, Inc. (NASDAQ:VSATGet Free Report) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $40.17.

VSAT has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded Viasat from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $35.00 to $30.00 in a research report on Tuesday, October 17th. StockNews.com started coverage on Viasat in a research note on Thursday, October 5th. They set a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Viasat in a report on Tuesday, October 17th. They set a “hold” rating and a $22.00 price target on the stock. Finally, Needham & Company LLC cut their target price on Viasat from $50.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, November 9th.

Get Our Latest Stock Report on VSAT

Insider Activity

In related news, EVP Keven K. Lippert sold 6,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $19.58, for a total value of $121,396.00. Following the completion of the transaction, the executive vice president now owns 24 shares of the company’s stock, valued at approximately $469.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 6,650 shares of company stock worth $131,502 over the last 90 days. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Viasat

A number of institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its holdings in shares of Viasat by 29.2% in the 2nd quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 297 shares during the period. Inceptionr LLC boosted its stake in shares of Viasat by 4.7% during the 2nd quarter. Inceptionr LLC now owns 7,366 shares of the communications equipment provider’s stock valued at $304,000 after buying an additional 328 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Viasat by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 13,019 shares of the communications equipment provider’s stock valued at $537,000 after acquiring an additional 343 shares in the last quarter. FMR LLC increased its stake in shares of Viasat by 0.6% in the first quarter. FMR LLC now owns 62,489 shares of the communications equipment provider’s stock worth $2,115,000 after acquiring an additional 354 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Viasat by 2.3% during the second quarter. UBS Group AG now owns 15,707 shares of the communications equipment provider’s stock worth $481,000 after acquiring an additional 355 shares in the last quarter. 88.28% of the stock is currently owned by institutional investors and hedge funds.

Viasat Stock Performance

Shares of Viasat stock opened at $22.81 on Friday. The firm’s 50-day simple moving average is $24.42 and its 200-day simple moving average is $23.84. Viasat has a 1 year low of $15.02 and a 1 year high of $47.35. The firm has a market cap of $2.84 billion, a PE ratio of 2.84 and a beta of 1.39. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.40 and a current ratio of 2.62.

Viasat (NASDAQ:VSATGet Free Report) last issued its earnings results on Wednesday, November 8th. The communications equipment provider reported ($6.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($6.64). Viasat had a return on equity of 6.92% and a net margin of 9.34%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.06 billion. Equities analysts forecast that Viasat will post -0.24 earnings per share for the current fiscal year.

About Viasat

(Get Free Report

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.

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Analyst Recommendations for Viasat (NASDAQ:VSAT)

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