William Blair Analysts Lower Earnings Estimates for Viasat, Inc. (NASDAQ:VSAT)

Viasat, Inc. (NASDAQ:VSATFree Report) – Analysts at William Blair cut their FY2024 earnings estimates for Viasat in a note issued to investors on Wednesday, February 7th. William Blair analyst L. Dipalma now expects that the communications equipment provider will post earnings of ($1.20) per share for the year, down from their previous forecast of ($0.39). The consensus estimate for Viasat’s current full-year earnings is ($1.00) per share. William Blair also issued estimates for Viasat’s Q4 2024 earnings at ($0.39) EPS and FY2025 earnings at ($1.01) EPS.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of Viasat from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $35.00 to $30.00 in a research note on Tuesday, October 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Viasat in a research note on Tuesday, October 17th. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Needham & Company LLC reduced their target price on shares of Viasat from $50.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Viasat has an average rating of “Hold” and a consensus price target of $40.17.

Get Our Latest Analysis on Viasat

Viasat Stock Performance

Shares of VSAT stock opened at $20.60 on Monday. The company has a current ratio of 2.71, a quick ratio of 2.46 and a debt-to-equity ratio of 1.40. The firm has a fifty day moving average price of $24.45 and a 200 day moving average price of $23.23. The company has a market cap of $2.56 billion, a P/E ratio of 2.72 and a beta of 1.40. Viasat has a 12 month low of $15.02 and a 12 month high of $47.35.

Institutional Trading of Viasat

Several large investors have recently modified their holdings of VSAT. Envestnet Asset Management Inc. acquired a new stake in shares of Viasat in the first quarter valued at approximately $232,000. JPMorgan Chase & Co. boosted its position in Viasat by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 119,001 shares of the communications equipment provider’s stock worth $5,807,000 after acquiring an additional 6,265 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Viasat by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 654,115 shares of the communications equipment provider’s stock worth $31,920,000 after acquiring an additional 7,336 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Viasat during the first quarter worth approximately $215,000. Finally, MetLife Investment Management LLC boosted its position in Viasat by 35.0% during the first quarter. MetLife Investment Management LLC now owns 48,033 shares of the communications equipment provider’s stock worth $2,344,000 after acquiring an additional 12,442 shares during the last quarter. 88.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Viasat

In other Viasat news, EVP Keven K. Lippert sold 6,200 shares of the stock in a transaction dated 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 directly owns 24 shares of the company’s stock, valued at $469.92. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders sold 6,500 shares of company stock valued at $128,800. Corporate insiders own 3.10% of the company’s stock.

Viasat Company Profile

(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.

Featured Stories

Earnings History and Estimates for Viasat (NASDAQ:VSAT)

Receive News & Ratings for Viasat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viasat and related companies with MarketBeat.com's FREE daily email newsletter.