Viasat (NASDAQ:VSAT) Stock Price Down 3.8% – Should You Sell?

Shares of Viasat, Inc. (NASDAQ:VSAT) traded down 3.8% on Friday . The stock traded as low as $10.93 and last traded at $10.90. 473,071 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 2,775,145 shares. The stock had previously closed at $11.34.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. StockNews.com raised shares of Viasat from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Cantor Fitzgerald began coverage on shares of Viasat in a report on Friday, January 24th. They issued a “neutral” rating and a $12.00 price target for the company. Morgan Stanley cut their price target on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, William Blair reissued a “market perform” rating on shares of Viasat in a report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $14.57.

Viasat Trading Down 3.7%

The company has a fifty day simple moving average of $9.45 and a 200-day simple moving average of $9.28. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -3.25 and a beta of 1.01.

Institutional Trading of Viasat

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC raised its holdings in Viasat by 6.9% during the 1st quarter. Empowered Funds LLC now owns 226,184 shares of the communications equipment provider’s stock worth $2,357,000 after buying an additional 14,575 shares during the period. Caxton Associates LLP acquired a new stake in Viasat during the 1st quarter worth about $2,278,000. Voleon Capital Management LP raised its holdings in Viasat by 117.2% during the 1st quarter. Voleon Capital Management LP now owns 40,492 shares of the communications equipment provider’s stock worth $422,000 after buying an additional 21,853 shares during the period. Goldman Sachs Group Inc. raised its holdings in Viasat by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock worth $29,866,000 after buying an additional 1,128,338 shares during the period. Finally, Tenzing Global Management LLC raised its holdings in Viasat by 12.8% during the 1st quarter. Tenzing Global Management LLC now owns 950,000 shares of the communications equipment provider’s stock worth $9,899,000 after buying an additional 107,500 shares during the period. Institutional investors and hedge funds own 86.05% of the company’s stock.

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.