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

Shares of Viasat, Inc. (NASDAQ:VSAT) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $40.17.

Several equities research analysts have weighed in on the company. TheStreet downgraded Viasat from a “c-” rating to a “d+” rating in a report on Monday, July 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Viasat in a research report on Tuesday, October 17th. They issued a “hold” rating and a $22.00 price objective on the stock. Barclays dropped their price objective on Viasat from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, September 18th. Needham & Company LLC dropped their price objective on Viasat from $50.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. Finally, StockNews.com assumed coverage on shares of Viasat in a research note on Thursday, October 5th. They issued a “sell” rating on the stock.

Insider Transactions at Viasat

In other Viasat news, EVP Keven K. Lippert sold 6,200 shares of Viasat stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $19.58, for a total value of $121,396.00. Following the transaction, the executive vice president now directly owns 24 shares in the company, valued at $469.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 6,672 shares of company stock worth $130,892. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Viasat

Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors grew its position in Viasat by 29.2% in the 2nd quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 297 shares during the last quarter. Inceptionr LLC increased its position in Viasat by 4.7% during the 2nd quarter. Inceptionr LLC now owns 7,366 shares of the communications equipment provider’s stock worth $304,000 after purchasing an additional 328 shares during the period. Victory Capital Management Inc. increased its position in Viasat by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 13,019 shares of the communications equipment provider’s stock worth $537,000 after purchasing an additional 343 shares during the period. FMR LLC increased its position in Viasat by 0.6% during the 1st quarter. FMR LLC now owns 62,489 shares of the communications equipment provider’s stock worth $2,115,000 after purchasing an additional 354 shares during the period. Finally, UBS Group AG grew its holdings in Viasat by 2.3% during the second quarter. UBS Group AG now owns 15,707 shares of the communications equipment provider’s stock worth $481,000 after acquiring an additional 355 shares during the period. 88.28% of the stock is owned by institutional investors and hedge funds.

Viasat Stock Up 2.1 %

Viasat stock opened at $19.93 on Tuesday. Viasat has a twelve month low of $15.02 and a twelve month high of $47.35. The stock’s fifty day simple moving average is $19.34 and its 200-day simple moving average is $29.88. The company has a current ratio of 2.62, a quick ratio of 2.40 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $2.48 billion, a P/E ratio of 2.49, a P/E/G ratio of 2.22 and a beta of 1.33.

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.