VSAT has been the subject of a number of other reports. ValuEngine raised shares of William Lyon Homes from a strong sell rating to a sell rating in a research note on Wednesday, April 10th. Needham & Company LLC boosted their price target on shares of ViaSat from $78.00 to $100.00 and gave the stock a buy rating in a research note on Friday, May 24th. Raymond James reissued an outperform rating and set a $36.00 price target on shares of Zymeworks in a research note on Thursday, May 30th. Bank of America reissued a buy rating and set a $25.00 price target on shares of Infineon Technologies in a research note on Monday, June 3rd. Finally, B. Riley reissued a buy rating on shares of Skechers USA in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. ViaSat currently has an average rating of Buy and an average target price of $96.99.
VSAT opened at $84.21 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.34 and a current ratio of 1.83. The company has a market capitalization of $5.10 billion, a P/E ratio of -74.52 and a beta of 0.85. The business’s 50 day simple moving average is $86.60. ViaSat has a fifty-two week low of $55.93 and a fifty-two week high of $97.31.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Thursday, May 23rd. The communications equipment provider reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.29. The business had revenue of $557.20 million during the quarter, compared to the consensus estimate of $538.73 million. ViaSat had a negative net margin of 3.27% and a negative return on equity of 3.47%. ViaSat’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.34) earnings per share. As a group, equities analysts anticipate that ViaSat will post -0.1 earnings per share for the current fiscal year.
In other ViaSat news, Director B Allen Lay sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $90.96, for a total value of $90,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey White sold 3,770 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $87.79, for a total transaction of $330,968.30. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $438,950. The disclosure for this sale can be found here. Insiders sold 423,278 shares of company stock valued at $38,019,971 in the last ninety days. Insiders own 8.10% of the company’s stock.
A number of large investors have recently modified their holdings of VSAT. Norges Bank bought a new stake in ViaSat in the fourth quarter valued at approximately $30,846,000. Squarepoint Ops LLC increased its position in shares of ViaSat by 103.9% during the fourth quarter. Squarepoint Ops LLC now owns 420,362 shares of the communications equipment provider’s stock worth $24,780,000 after acquiring an additional 214,227 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of ViaSat by 55.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 527,042 shares of the communications equipment provider’s stock worth $31,069,000 after acquiring an additional 186,912 shares in the last quarter. Odey Asset Management Group Ltd increased its position in shares of ViaSat by 4.4% during the fourth quarter. Odey Asset Management Group Ltd now owns 3,153,470 shares of the communications equipment provider’s stock worth $185,897,000 after acquiring an additional 132,641 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of ViaSat by 11.4% during the fourth quarter. Geode Capital Management LLC now owns 649,189 shares of the communications equipment provider’s stock worth $38,269,000 after acquiring an additional 66,470 shares in the last quarter. 96.49% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Buy Rating
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