Viasat Inc. (NASDAQ:VSAT) Receives $45.86 Consensus PT from Brokerages

Shares of Viasat Inc. (NASDAQ:VSAT) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $45.8571.

Several analysts recently issued reports on VSAT shares. Morgan Stanley set a $51.00 target price on Viasat in a research report on Friday, January 16th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Viasat in a report on Wednesday, January 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $48.00 in a research report on Friday, February 6th. Finally, William Blair reissued an “outperform” rating on shares of Viasat in a report on Tuesday, January 13th.

Insider Buying and Selling at Viasat

In other Viasat news, CAO Camellia E. Fitzgerald sold 2,810 shares of Viasat stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $48.00, for a total value of $134,880.00. Following the sale, the chief accounting officer directly owned 9,946 shares in the company, valued at approximately $477,408. The trade was a 22.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark D. Dankberg sold 100,000 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $40.34, for a total transaction of $4,034,000.00. Following the transaction, the chief executive officer directly owned 1,434,993 shares of the company’s stock, valued at $57,887,617.62. This trade represents a 6.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 105,210 shares of company stock worth $4,279,784. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Viasat

Several institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new stake in shares of Viasat during the 3rd quarter worth approximately $25,000. Salomon & Ludwin LLC purchased a new position in shares of Viasat in the third quarter valued at $28,000. Hantz Financial Services Inc. increased its position in Viasat by 6,815.4% in the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Viasat in the fourth quarter worth $36,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Viasat during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Trading Up 3.0%

Shares of Viasat stock opened at $47.53 on Friday. Viasat has a fifty-two week low of $7.36 and a fifty-two week high of $50.24. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.90 and a current ratio of 2.13. The company has a market capitalization of $6.46 billion, a P/E ratio of -18.35 and a beta of 1.44. The company has a fifty day moving average of $44.68 and a 200 day moving average of $37.83.

About Viasat

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.