Brokerages Set Viavi Solutions Inc. (NASDAQ:VIAV) Price Target at $12.72

Viavi Solutions Inc. (NASDAQ:VIAV) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.72.

Several analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. UBS Group upped their price objective on Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley upped their price objective on Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Rosenblatt Securities upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Friday, March 7th. Finally, B. Riley upped their price objective on Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, January 31st.

Viavi Solutions Stock Performance

VIAV opened at $11.13 on Friday. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $12.91. The firm has a market capitalization of $2.47 billion, a PE ratio of -61.83 and a beta of 0.94. 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 business’s 50-day simple moving average is $11.12 and its 200 day simple moving average is $10.11.

Insider Buying and Selling

In related news, EVP Paul Mcnab sold 9,034 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total transaction of $100,187.06. Following the sale, the executive vice president now owns 38,775 shares of the company’s stock, valued at $430,014.75. This represents a 18.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $10.86, for a total value of $149,944.02. The disclosure for this sale can be found here. Insiders have sold 67,164 shares of company stock valued at $711,422 over the last 90 days. 1.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Viavi Solutions

A number of large investors have recently modified their holdings of VIAV. Picton Mahoney Asset Management lifted its stake in shares of 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 last quarter. Sterling Capital Management LLC lifted its stake in shares of 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 last quarter. Venturi Wealth Management LLC bought a new position in shares of Viavi Solutions in the 4th quarter valued at $75,000. Smartleaf Asset Management LLC lifted its stake in shares of Viavi Solutions by 836.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock valued at $84,000 after acquiring an additional 7,434 shares during the last quarter. Finally, KBC Group NV raised its position in Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after purchasing an additional 3,252 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

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.