Shares of Viasat, Inc. (NASDAQ:VSAT – Get Free Report) 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
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.
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.
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