Viasat, Inc. (NASDAQ:VSAT) Receives $15.57 Consensus Target Price from Brokerages

Shares of Viasat, Inc. (NASDAQ:VSAT) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $15.57.

VSAT has been the topic of several research reports. Cantor Fitzgerald initiated coverage on shares of Viasat in a research report on Friday, January 24th. They issued a “neutral” rating and a $12.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of Viasat in a research report on Monday, February 10th. Barclays boosted their price target on shares of Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. StockNews.com cut shares of Viasat from a “hold” rating to a “sell” rating in a research report on Thursday, February 27th. Finally, William Blair restated a “market perform” rating on shares of Viasat in a research report on Friday, February 7th.

Insiders Place Their Bets

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the sale, the insider now directly owns 4,795,334 shares of the company’s stock, valued at approximately $43,158,006. The trade was a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark J. Miller sold 3,564 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.21, for a total transaction of $32,824.44. Following the sale, the executive vice president now directly owns 350,351 shares of the company’s stock, valued at $3,226,732.71. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

Institutional Trading of Viasat

Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its stake in shares of Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 1,267 shares during the period. National Bank of Canada FI purchased a new stake in Viasat in the third quarter worth about $27,000. Point72 Hong Kong Ltd purchased a new stake in Viasat in the third quarter worth about $28,000. KBC Group NV lifted its stake in Viasat by 63.7% in the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 1,021 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in Viasat in the fourth quarter worth about $31,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

Viasat Trading Down 0.8 %

Viasat stock opened at $9.55 on Tuesday. The stock has a market cap of $1.23 billion, a P/E ratio of -2.84 and a beta of 1.38. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. Viasat has a 1 year low of $6.69 and a 1 year high of $26.70. The firm’s 50 day moving average price is $9.31 and its 200-day moving average price is $10.66.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. On average, equities analysts predict that Viasat will post -0.54 earnings per share 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.