Lowers Viasat (NASDAQ:VSAT) to Sell

Viasat (NASDAQ:VSATGet Rating) was downgraded by from a “hold” rating to a “sell” rating in a report released on Friday.

Several other analysts have also recently commented on the company. TheStreet cut Viasat from a “c” rating to a “d” rating in a report on Wednesday. Raymond James lowered their target price on shares of Viasat from $58.00 to $51.00 in a report on Friday. Finally, Needham & Company LLC cut their price target on shares of Viasat from $66.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from, the company currently has a consensus rating of “Buy” and an average price target of $56.00.

NASDAQ VSAT traded up $5.22 during mid-day trading on Friday, reaching $41.77. 780,009 shares of the stock were exchanged, compared to its average volume of 424,006. The stock has a market capitalization of $3.11 billion, a PE ratio of 144.03 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.31. Viasat has a 1-year low of $35.05 and a 1-year high of $68.76. The business’s fifty day simple moving average is $42.91 and its 200 day simple moving average is $45.11.

Viasat (NASDAQ:VSATGet Rating) last posted its quarterly earnings data on Wednesday, May 25th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.12. The business had revenue of $701.70 million for the quarter, compared to analysts’ expectations of $724.40 million. Viasat had a return on equity of 0.81% and a net margin of 0.78%. The business’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. On average, analysts anticipate that Viasat will post 0.1 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new position in shares of Viasat in the 1st quarter valued at $26,000. Confluence Wealth Services Inc. acquired a new position in shares of Viasat during the fourth quarter worth about $38,000. San Luis Wealth Advisors LLC purchased a new stake in shares of Viasat in the first quarter worth about $43,000. Point72 Hong Kong Ltd acquired a new stake in shares of Viasat in the third quarter valued at about $65,000. Finally, Pinebridge Investments L.P. purchased a new stake in Viasat during the 1st quarter worth $69,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Stories

Receive News & Ratings for Viasat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viasat and related companies with's FREE daily email newsletter.