Shares of ViaSat, Inc. (NASDAQ:VSAT) have earned an average rating of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $66.86.
VSAT has been the subject of a number of analyst reports. Needham & Company LLC cut their price target on ViaSat from $74.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, August 13th. Barclays set a $50.00 price target on ViaSat and gave the company a “sell” rating in a research note on Monday, August 13th. Zacks Investment Research downgraded ViaSat from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. BidaskClub downgraded ViaSat from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Finally, ValuEngine upgraded ViaSat from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th.
In other news, EVP Keven K. Lippert sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $69.40, for a total value of $277,600.00. Following the transaction, the executive vice president now owns 333 shares in the company, valued at approximately $23,110.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director B Allen Lay sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $69.65, for a total value of $69,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 163,372 shares of company stock valued at $11,038,116 in the last quarter. Company insiders own 8.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in VSAT. Royal Bank of Canada boosted its stake in shares of ViaSat by 109.7% in the 1st quarter. Royal Bank of Canada now owns 3,858 shares of the communications equipment provider’s stock worth $252,000 after buying an additional 2,018 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of ViaSat by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 237,560 shares of the communications equipment provider’s stock worth $15,613,000 after buying an additional 8,576 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of ViaSat in the 2nd quarter worth approximately $972,000. Sei Investments Co. boosted its stake in shares of ViaSat by 78.6% in the 2nd quarter. Sei Investments Co. now owns 20,120 shares of the communications equipment provider’s stock worth $1,322,000 after buying an additional 8,854 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of ViaSat by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 104,858 shares of the communications equipment provider’s stock worth $6,891,000 after buying an additional 1,089 shares during the last quarter.
ViaSat stock traded down $2.33 during midday trading on Monday, reaching $65.48. The stock had a trading volume of 462,056 shares, compared to its average volume of 331,952. ViaSat has a 12 month low of $59.16 and a 12 month high of $80.26. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of -76.14 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.70 and a quick ratio of 1.19.
ViaSat (NASDAQ:VSAT) last issued its earnings results on Thursday, November 1st. The communications equipment provider reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.16. ViaSat had a negative return on equity of 4.95% and a negative net margin of 5.87%. The business had revenue of $517.50 million during the quarter, compared to analyst estimates of $468.99 million. During the same period in the previous year, the company posted $0.09 EPS. The firm’s revenue was up 32.3% compared to the same quarter last year. On average, sell-side analysts expect that ViaSat will post -1.68 EPS for the current year.
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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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