Viasat, Inc. (NASDAQ:VSAT) Receives $18.33 Consensus PT from Analysts

Viasat, Inc. (NASDAQ:VSAT) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.33.

VSAT has been the topic of several research reports. StockNews.com downgraded Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Bank of America cut their price objective on shares of Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a report on Friday, September 20th. JPMorgan Chase & Co. downgraded Viasat from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $29.00 to $15.00 in a research note on Tuesday, September 17th. Needham & Company LLC decreased their price target on shares of Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Finally, Barclays decreased their price objective on Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th.

Institutional Trading of Viasat

Several institutional investors have recently made changes to their positions in VSAT. National Bank of Canada FI purchased a new position in shares of Viasat during the 3rd quarter worth approximately $27,000. Quest Partners LLC purchased a new position in Viasat in the second quarter valued at $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of Viasat during the 3rd quarter worth about $28,000. KBC Group NV raised its holdings in Viasat by 63.7% during the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 1,021 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Viasat by 176.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock worth $33,000 after acquiring an additional 1,772 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Stock Down 10.5 %

Shares of Viasat stock opened at $8.69 on Friday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -2.79 and a beta of 1.37. The firm’s 50-day moving average is $10.43 and its two-hundred day moving average is $14.18. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. Viasat has a 1 year low of $6.69 and a 1 year high of $29.11.

Viasat (NASDAQ:VSAT) last posted its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.53). Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned ($6.16) EPS. Viasat’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, research analysts expect that Viasat will post -2.38 earnings per share for the current fiscal 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 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.