Viasat, Inc. (NASDAQ:VSAT) Receives Consensus Rating of “Hold” from Analysts

Shares of Viasat, Inc. (NASDAQ:VSAT) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.33.

VSAT has been the subject of a number of analyst reports. Needham & Company LLC dropped their price target on shares of Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. StockNews.com cut Viasat from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Bank of America reduced their target price on Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, September 20th. JPMorgan Chase & Co. downgraded Viasat from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $29.00 to $15.00 in a research note on Tuesday, September 17th. Finally, Barclays cut their price objective on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th.

Viasat Stock Performance

VSAT stock opened at $9.33 on Friday. Viasat has a fifty-two week low of $6.69 and a fifty-two week high of $29.11. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 1.28. The business’s fifty day moving average price is $10.15 and its two-hundred day moving average price is $14.00.

Viasat (NASDAQ:VSAT) last released its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.53). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. Viasat’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($6.16) earnings per share. As a group, analysts anticipate that Viasat will post -2.38 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VSAT. Vanguard Group Inc. boosted its stake in shares of Viasat by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 12,532,375 shares of the communications equipment provider’s stock valued at $226,711,000 after purchasing an additional 348,166 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Viasat during the first quarter worth $348,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Viasat by 23.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 70,622 shares of the communications equipment provider’s stock worth $1,277,000 after buying an additional 13,304 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Viasat by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,183 shares of the communications equipment provider’s stock valued at $1,089,000 after acquiring an additional 3,712 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Viasat during the 2nd quarter valued at $293,000. Institutional investors own 86.05% of the company’s stock.

Viasat Company Profile

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.