Analysts Set Viavi Solutions Inc. (NASDAQ:VIAV) Price Target at $12.50

Viavi Solutions Inc. (NASDAQ:VIAV) has earned an average recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.50.

VIAV has been the subject of several analyst reports. Argus lifted their price objective on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. B. Riley upped their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Morgan Stanley dropped their target price on shares of Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Northland Securities reaffirmed an “outperform” rating and set a $14.00 price target (up previously from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Finally, UBS Group boosted their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research report on Friday, January 31st.

Viavi Solutions Stock Up 0.3 %

Shares of VIAV opened at $9.87 on Thursday. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $2.19 billion, a PE ratio of -54.83 and a beta of 0.89. The firm’s 50 day moving average is $11.25 and its 200-day moving average is $10.42. Viavi Solutions has a 12 month low of $6.60 and a 12 month high of $12.91.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 14,323 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.24, for a total transaction of $160,990.52. Following the transaction, the senior vice president now owns 55,877 shares in the company, valued at approximately $628,057.48. This represents a 20.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James L. Veler, Jr. sold 13,807 shares of Viavi Solutions stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $10.86, for a total transaction of $149,944.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,164 shares of company stock valued at $711,422. 1.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds have recently added to or reduced their stakes in VIAV. Picton Mahoney Asset Management boosted its holdings in Viavi Solutions by 35.0% during the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock worth $32,000 after acquiring an additional 833 shares during the last quarter. Sterling Capital Management LLC grew 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 worth $70,000 after purchasing an additional 6,171 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Viavi Solutions in the 4th quarter valued at about $75,000. Smartleaf Asset Management LLC boosted 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 worth $84,000 after buying an additional 7,434 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Viavi Solutions by 64.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider’s stock valued at $95,000 after acquiring an additional 3,684 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

About Viavi Solutions

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.