Brokerages Set Viasat Inc. (NASDAQ:VSAT) PT at $45.86

Shares of Viasat Inc. (NASDAQ:VSAT) have been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $45.8571.

A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research note on Wednesday, January 21st. William Blair reissued an “outperform” rating on shares of Viasat in a research report on Tuesday, January 13th. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Viasat in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised Viasat from a “neutral” rating to an “overweight” rating and upped their target price for the company from $23.00 to $50.00 in a report on Tuesday, November 11th. Finally, Morgan Stanley set a $51.00 target price on Viasat in a research report on Friday, January 16th.

Insider Buying and Selling at Viasat

In related news, CAO Shawn Lynn Duffy sold 51,480 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $36.38, for a total value of $1,872,842.40. Following the sale, the chief accounting officer directly owned 6,021 shares in the company, valued at approximately $219,043.98. The trade was a 89.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark D. Dankberg sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $40.34, for a total transaction of $4,034,000.00. Following the completion of the sale, the chief executive officer directly owned 1,434,993 shares in the company, valued at approximately $57,887,617.62. This trade represents a 6.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 354,290 shares of company stock worth $13,059,722 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VSAT. GAMMA Investing LLC raised its holdings in shares of Viasat by 15.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,387 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 327 shares in the last quarter. Vise Technologies Inc. raised its position in shares of Viasat by 4.8% during the 4th quarter. Vise Technologies Inc. now owns 7,446 shares of the communications equipment provider’s stock valued at $257,000 after buying an additional 342 shares in the last quarter. CWM LLC grew its position in Viasat by 1.8% in the fourth quarter. CWM LLC now owns 19,360 shares of the communications equipment provider’s stock worth $667,000 after acquiring an additional 349 shares in the last quarter. State of Tennessee Department of Treasury increased its stake in Viasat by 0.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 46,952 shares of the communications equipment provider’s stock valued at $1,618,000 after acquiring an additional 350 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Viasat by 1.9% during the third quarter. Victory Capital Management Inc. now owns 19,145 shares of the communications equipment provider’s stock worth $561,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Viasat Trading Down 0.3%

VSAT opened at $45.84 on Tuesday. The company’s 50 day moving average is $40.86 and its 200-day moving average is $35.39. The company has a market cap of $6.23 billion, a P/E ratio of -17.70 and a beta of 1.47. Viasat has a 1-year low of $7.36 and a 1-year high of $49.68. The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35.

About Viasat

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.