Inspire Investing LLC Has $404,000 Stock Position in Viasat, Inc. (NASDAQ:VSAT)

Inspire Investing LLC raised its holdings in Viasat, Inc. (NASDAQ:VSAT) by 38.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,484 shares of the communications equipment provider’s stock after buying an additional 13,302 shares during the quarter. Inspire Investing LLC’s holdings in Viasat were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. National Bank of Canada FI acquired a new position in shares of Viasat during the 3rd quarter valued at $27,000. Point72 Hong Kong Ltd acquired a new position in shares of Viasat during the third quarter valued at about $28,000. KBC Group NV raised its holdings in shares of Viasat by 63.7% during the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 1,021 shares during the period. GAMMA Investing LLC grew its stake in shares of Viasat by 176.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 1,772 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Viasat in the 2nd quarter valued at about $61,000. 86.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays cut their price target on Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Cantor Fitzgerald initiated coverage on shares of Viasat in a research report on Friday. They issued a “neutral” rating and a $12.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Viasat in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.43.

Insider Buying and Selling at Viasat

In other news, EVP Mark J. Miller sold 3,564 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total transaction of $32,824.44. Following the transaction, the executive vice president now owns 350,351 shares of the company’s stock, valued at $3,226,732.71. This represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.

Viasat Stock Performance

Shares of VSAT opened at $11.50 on Friday. The stock has a 50 day moving average of $9.10 and a 200 day moving average of $12.35. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 1.28. Viasat, Inc. has a 12 month low of $6.69 and a 12 month high of $26.70. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -3.69 and a beta of 1.34.

Viasat (NASDAQ:VSAT) last released its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.53). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($6.16) earnings per share. As a group, sell-side analysts forecast that Viasat, Inc. will post -2.64 earnings per share for the current year.

About Viasat

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.