Brokerages Set Viasat, Inc. (NASDAQ:VSAT) PT at $14.57

Viasat, Inc. (NASDAQ:VSAT) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $14.57.

A number of analysts recently issued reports on VSAT shares. Cantor Fitzgerald started coverage on Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 price objective for the company. William Blair reissued a “market perform” rating on shares of Viasat in a research report on Tuesday, April 15th. StockNews.com raised Viasat from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price objective on shares of Viasat in a research report on Monday, February 10th. Finally, Barclays lifted their target price on Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th.

Viasat Price Performance

Shares of NASDAQ VSAT opened at $10.53 on Friday. The business’s 50 day moving average price is $9.50 and its 200 day moving average price is $9.30. The firm has a market cap of $1.36 billion, a P/E ratio of -3.13 and a beta of 1.01. Viasat has a 52 week low of $6.69 and a 52 week high of $26.70. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35.

Viasat (NASDAQ:VSAT) last announced its earnings results on Tuesday, May 20th. The communications equipment provider reported ($1.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($1.92). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the business earned ($0.24) EPS. On average, sell-side analysts expect that Viasat will post -0.54 earnings per share for the current year.

Institutional Trading of Viasat

A number of institutional investors and hedge funds have recently made changes to their positions in VSAT. Steward Partners Investment Advisory LLC lifted its stake in shares of Viasat by 75.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 1,267 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Viasat in the 4th quarter valued at about $31,000. PNC Financial Services Group Inc. lifted its stake in shares of Viasat by 233.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the communications equipment provider’s stock valued at $33,000 after purchasing an additional 2,224 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Viasat by 850.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider’s stock valued at $34,000 after buying an additional 3,546 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Viasat during the 4th quarter valued at about $35,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Company Profile

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.