Viasat (NASDAQ:VSAT) Rating Lowered to D at TheStreet

Viasat (NASDAQ:VSAT – Get Rating) was downgraded by analysts at TheStreet from a “c” rating to a “d” rating in a report issued on Wednesday, TheStreetRatingsTable reports.

A number of other research analysts have also commented on the company. Raymond James decreased their price objective on Viasat from $62.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday, February 4th. Needham & Company LLC cut their price target on Viasat from $66.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, StockNews.com initiated coverage on Viasat in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $56.00.

NASDAQ VSAT opened at $36.55 on Wednesday. The firm has a market cap of $2.72 billion, a PE ratio of 126.03 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.31 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $42.91 and its 200 day simple moving average is $45.11. Viasat has a one year low of $35.05 and a one year high of $68.76.

Viasat (NASDAQ:VSAT – Get Rating) last announced its quarterly earnings data on Wednesday, May 25th. The communications equipment provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. The firm had revenue of $701.70 million for the quarter, compared to analyst estimates of $724.40 million. Viasat had a return on equity of 0.81% and a net margin of 0.78%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. As a group, equities analysts expect that Viasat will post 0.1 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC lifted its position in Viasat by 71.4% during the third quarter. Cubist Systematic Strategies LLC now owns 72,431 shares of the communications equipment provider’s stock worth $3,989,000 after acquiring an additional 30,168 shares during the last quarter. Rhumbline Advisers lifted its position in Viasat by 3.3% during the fourth quarter. Rhumbline Advisers now owns 189,312 shares of the communications equipment provider’s stock worth $8,432,000 after acquiring an additional 6,063 shares during the last quarter. State of Michigan Retirement System lifted its position in Viasat by 1.6% during the fourth quarter. State of Michigan Retirement System now owns 18,624 shares of the communications equipment provider’s stock worth $830,000 after acquiring an additional 300 shares during the last quarter. Jump Financial LLC lifted its position in Viasat by 20.8% during the third quarter. Jump Financial LLC now owns 32,500 shares of the communications equipment provider’s stock worth $1,790,000 after acquiring an additional 5,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Viasat by 19.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,623,487 shares of the communications equipment provider’s stock worth $89,408,000 after acquiring an additional 267,074 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

About Viasat (Get Rating)

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, internet, and aviation software services to commercial airlines; community internet services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and advanced software and communication infrastructure 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.

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