BidaskClub Upgrades ViaSat (NASDAQ:VSAT) to Hold

ViaSat (NASDAQ:VSAT) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday, BidAskClub reports.

Other equities research analysts also recently issued research reports about the stock. William Blair reiterated a “market perform” rating on shares of ViaSat in a research note on Thursday, February 6th. Zacks Investment Research downgraded shares of ViaSat from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a research note on Friday, February 14th. Finally, Needham & Company LLC decreased their price target on shares of ViaSat from $80.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $91.50.

Shares of ViaSat stock traded up $1.13 during midday trading on Thursday, hitting $39.53. The company had a trading volume of 11,338 shares, compared to its average volume of 875,010. The business’s 50 day simple moving average is $51.94 and its two-hundred day simple moving average is $67.20. The stock has a market cap of $2.21 billion, a PE ratio of -34.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.39 and a quick ratio of 0.87. ViaSat has a 1-year low of $25.10 and a 1-year high of $97.31.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.11. The business had revenue of $588.20 million for the quarter, compared to the consensus estimate of $582.39 million. ViaSat had a net margin of 0.03% and a return on equity of 0.04%. ViaSat’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. On average, sell-side analysts expect that ViaSat will post -0.05 EPS for the current fiscal year.

In other ViaSat news, COO Richard A. Baldridge purchased 27,150 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $54.14 per share, for a total transaction of $1,469,901.00. 7.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. lifted its holdings in shares of ViaSat by 8.2% during the fourth quarter. Franklin Resources Inc. now owns 2,017,748 shares of the communications equipment provider’s stock valued at $147,689,000 after acquiring an additional 152,094 shares during the period. New South Capital Management Inc. lifted its holdings in shares of ViaSat by 11.5% during the fourth quarter. New South Capital Management Inc. now owns 1,745,968 shares of the communications equipment provider’s stock valued at $127,796,000 after acquiring an additional 179,588 shares during the period. State Street Corp lifted its holdings in shares of ViaSat by 0.8% during the third quarter. State Street Corp now owns 1,380,833 shares of the communications equipment provider’s stock valued at $104,004,000 after acquiring an additional 11,231 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in shares of ViaSat by 6.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,357,647 shares of the communications equipment provider’s stock valued at $102,258,000 after acquiring an additional 81,407 shares during the period. Finally, NWQ Investment Management Company LLC bought a new position in shares of ViaSat during the fourth quarter valued at $50,271,000. 86.75% of the stock is owned by institutional investors.

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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.

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Analyst Recommendations for ViaSat (NASDAQ:VSAT)

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