Viasat Inc. (NASDAQ:VSAT) Given Consensus Rating of “Moderate Buy” by Analysts

Viasat Inc. (NASDAQ:VSAT) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $60.5714.

Several research analysts have issued reports on the company. William Blair reiterated an “outperform” rating on shares of Viasat in a research report on Tuesday, January 13th. Needham & Company LLC upped their price target on shares of Viasat from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, March 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. Raymond James Financial set a $74.00 price objective on shares of Viasat and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, B. Riley Financial boosted their price objective on shares of Viasat from $52.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th.

Viasat Stock Down 1.4%

VSAT opened at $66.33 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.90. Viasat has a 12 month low of $8.61 and a 12 month high of $68.92. The stock has a market capitalization of $9.01 billion, a P/E ratio of -25.61 and a beta of 1.66. The business has a 50 day simple moving average of $53.13 and a 200-day simple moving average of $43.95.

Insider Transactions at Viasat

In related news, SVP Benjamin Edward Palmer sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.21, for a total value of $110,904.00. Following the sale, the senior vice president owned 25,431 shares in the company, valued at $1,175,166.51. This represents a 8.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert James Blair sold 30,411 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $47.04, for a total value of $1,430,533.44. Following the completion of the transaction, the senior vice president directly owned 38,108 shares of the company’s stock, valued at $1,792,600.32. The trade was a 44.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,071 shares of company stock valued at $1,804,437 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VSAT. Vise Technologies Inc. grew its stake in Viasat by 4.8% in the 4th quarter. Vise Technologies Inc. now owns 7,446 shares of the communications equipment provider’s stock valued at $257,000 after acquiring an additional 342 shares during the last quarter. CWM LLC grew its position in shares of Viasat by 1.8% in the fourth quarter. CWM LLC now owns 19,360 shares of the communications equipment provider’s stock valued at $667,000 after purchasing an additional 349 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Viasat by 0.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 46,952 shares of the communications equipment provider’s stock worth $1,618,000 after purchasing an additional 350 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Viasat by 1.9% during the 3rd 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 in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Viasat by 5.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,039 shares of the communications equipment provider’s stock worth $277,000 after purchasing an additional 396 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Company Profile

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.