Viasat (NASDAQ:VSAT) Shares Up 4.4%

Viasat, Inc. (NASDAQ:VSAT)’s stock price shot up 4.4% during trading on Friday . The company traded as high as $15.38 and last traded at $15.34. 291,288 shares were traded during trading, a decline of 76% from the average session volume of 1,190,391 shares. The stock had previously closed at $14.69.

Analysts Set New Price Targets

A number of brokerages have commented on VSAT. Needham & Company LLC lowered their target price on Viasat from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays reduced their price target on Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Viasat Stock Up 6.4 %

The company has a current ratio of 2.68, a quick ratio of 2.46 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $1.96 billion, a PE ratio of -1.78 and a beta of 1.31. The firm has a 50-day moving average of $16.95 and a two-hundred day moving average of $20.35.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VSAT. Vanguard Group Inc. raised its position in shares of Viasat by 40.3% in the 3rd quarter. Vanguard Group Inc. now owns 11,897,337 shares of the communications equipment provider’s stock worth $219,625,000 after buying an additional 3,417,316 shares during the period. Norges Bank purchased a new position in shares of Viasat in the 4th quarter worth $17,511,000. Invesco Ltd. raised its position in shares of Viasat by 68.0% in the 3rd quarter. Invesco Ltd. now owns 1,133,429 shares of the communications equipment provider’s stock worth $20,923,000 after buying an additional 458,959 shares during the period. SageView Advisory Group LLC purchased a new position in Viasat in the first quarter valued at about $5,936,000. Finally, Edgestream Partners L.P. raised its position in Viasat by 1,752.3% in the first quarter. Edgestream Partners L.P. now owns 159,355 shares of the communications equipment provider’s stock valued at $2,883,000 after purchasing an additional 150,752 shares during the period. 86.05% of the stock is owned by hedge funds and other institutional investors.

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.