Viasat, Inc. (NASDAQ:VSAT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Viasat, Inc. (NASDAQ:VSAT) have been given an average rating of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.88.

A number of equities analysts recently commented on VSAT shares. William Blair reiterated a “market perform” rating on shares of Viasat in a research note on Tuesday, April 15th. B. Riley decreased their target price on Viasat from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Monday, March 24th. Barclays raised their price objective on Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC decreased their price objective on shares of Viasat from $19.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, May 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC lifted its stake in Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 1,255 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings 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 worth $25,000 after acquiring an additional 1,267 shares during the period. SummerHaven Investment Management LLC lifted its position in Viasat by 2.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 52,738 shares of the communications equipment provider’s stock valued at $550,000 after purchasing an additional 1,494 shares during the last quarter. MAI Capital Management boosted its stake in Viasat by 74.7% during the 1st quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 1,640 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in Viasat by 11.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,673 shares of the communications equipment provider’s stock worth $174,000 after purchasing an additional 1,700 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

Viasat Price Performance

Shares of NASDAQ VSAT opened at $10.98 on Thursday. 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 has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The business has a 50 day moving average price of $9.26 and a two-hundred day moving average price of $9.40. The firm has a market cap of $1.43 billion, a PE ratio of -3.27 and a beta of 0.98.

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.