Viasat, Inc. (NASDAQ:VSAT) Receives Average Rating of “Hold” from Brokerages

Shares of Viasat, Inc. (NASDAQ:VSAT) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $38.17.

Separately, Barclays dropped their price target on Viasat from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, February 23rd.

Institutional Trading of Viasat

A number of institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new position in shares of Viasat in the second quarter valued at about $36,000. Signaturefd LLC increased its holdings in Viasat by 303.6% during the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 759 shares during the period. Tower Research Capital LLC TRC purchased a new position in Viasat during the 2nd quarter valued at about $48,000. GAMMA Investing LLC purchased a new position in Viasat during the 4th quarter valued at about $37,000. Finally, Captrust Financial Advisors increased its holdings in Viasat by 29.2% during the 2nd quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 297 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Trading Down 5.5 %

Shares of VSAT stock opened at $16.29 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.71 and a debt-to-equity ratio of 1.40. The business has a 50-day moving average price of $18.52 and a two-hundred day moving average price of $20.67. Viasat has a 12-month low of $15.02 and a 12-month high of $47.35. The firm has a market cap of $2.04 billion, a P/E ratio of 2.15 and a beta of 1.33.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.85). Viasat had a return on equity of 4.52% and a net margin of 6.01%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Equities analysts anticipate that Viasat will post -1.43 EPS for the current fiscal year.

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.