Analysts Set Viavi Solutions Inc. (NASDAQ:VIAV) Target Price at $12.33

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.33.

A number of brokerages recently commented on VIAV. Stifel Nicolaus reissued a “buy” rating and issued a $13.00 price target (up previously from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. Northland Securities reaffirmed an “outperform” rating and set a $14.00 target price (up previously from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Rosenblatt Securities increased their target price on Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Argus increased their target price on Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Finally, B. Riley increased their target price on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, January 31st.

Insider Transactions at Viavi Solutions

In related news, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the sale, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the sale, the senior vice president now owns 54,517 shares in the company, valued at approximately $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Institutional Trading of Viavi Solutions

Large investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new stake in Viavi Solutions in the 3rd quarter valued at approximately $25,000. Picton Mahoney Asset Management increased its position in Viavi Solutions by 35.0% in the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock valued at $32,000 after acquiring an additional 833 shares during the period. Sterling Capital Management LLC increased its position in Viavi Solutions by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 6,171 shares during the period. Venturi Wealth Management LLC acquired a new stake in Viavi Solutions in the 4th quarter valued at approximately $75,000. Finally, Sanctuary Advisors LLC acquired a new stake in Viavi Solutions in the 2nd quarter valued at approximately $76,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Price Performance

VIAV stock opened at $11.60 on Wednesday. The firm has a market cap of $2.58 billion, a P/E ratio of -64.44 and a beta of 0.92. Viavi Solutions has a 1 year low of $6.60 and a 1 year high of $12.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The stock has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $9.73.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.