Viasat Inc. (NASDAQ:VSAT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Viasat Inc. (NASDAQ:VSAT) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $77.1250.

Several research firms recently commented on VSAT. Raymond James Financial set a $74.00 price target on shares of Viasat and gave the company an “outperform” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $97.00 price target on shares of Viasat in a research note on Monday. B. Riley Financial upped their price target on shares of Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a research note on Friday. Barclays set a $49.00 price target on shares of Viasat in a research note on Friday. Finally, New Street Research assumed coverage on shares of Viasat in a research note on Wednesday, May 13th. They issued a “buy” rating and a $100.00 price target on the stock.

Insider Activity

In other news, SVP Craig Andrew Miller sold 5,260 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $50.00, for a total value of $263,000.00. Following the completion of the transaction, the senior vice president directly owned 21,252 shares in the company, valued at approximately $1,062,600. The trade was a 19.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Benjamin Edward Palmer sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $46.21, for a total transaction of $110,904.00. Following the completion of the transaction, the senior vice president owned 25,431 shares of the company’s stock, valued at $1,175,166.51. The trade was a 8.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 38,071 shares of company stock worth $1,804,437. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viasat

Hedge funds and other institutional investors have recently made changes to their positions in the company. Valued Wealth Advisors LLC acquired a new position in shares of Viasat in the 1st quarter valued at approximately $25,000. Hantz Financial Services Inc. boosted its stake in shares of Viasat by 6,815.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 886 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Viasat in the 4th quarter valued at approximately $36,000. Los Angeles Capital Management LLC acquired a new stake in shares of Viasat in the 4th quarter valued at approximately $38,000. Finally, EFG International AG acquired a new stake in shares of Viasat in the 4th quarter valued at approximately $41,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Trading Down 9.6%

VSAT stock opened at $72.86 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.19 and a current ratio of 2.41. The company’s 50-day simple moving average is $62.60 and its 200 day simple moving average is $48.41. Viasat has a 52 week low of $8.61 and a 52 week high of $89.79. The company has a market capitalization of $9.90 billion, a PE ratio of -251.24 and a beta of 1.70.

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.