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

Shares of Viasat, Inc. (NASDAQ:VSAT) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $38.17.

Separately, Barclays dropped their price target on shares of Viasat from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd.

Viasat Price Performance

Shares of NASDAQ:VSAT opened at $17.60 on Wednesday. The business has a fifty day simple moving average of $17.24 and a 200-day simple moving average of $20.48. Viasat has a 52 week low of $15.02 and a 52 week high of $47.35. The company has a market cap of $2.21 billion, a P/E ratio of 2.32 and a beta of 1.31. The company has a quick ratio of 2.46, a current ratio of 2.71 and a debt-to-equity ratio of 1.40.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.85). Viasat had a net margin of 6.01% and a return on equity of 4.52%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Equities research analysts forecast that Viasat will post -1.43 EPS for the current year.

Institutional Investors Weigh In On Viasat

Several institutional investors have recently bought and sold shares of VSAT. Signaturefd LLC lifted its holdings in shares of Viasat by 303.6% during the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 759 shares in the last quarter. GAMMA Investing LLC purchased a new position in Viasat in the fourth quarter valued at about $37,000. TFO Wealth Partners LLC lifted its stake in shares of Viasat by 11,033.3% during the fourth quarter. TFO Wealth Partners LLC now owns 1,670 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 1,655 shares in the last quarter. Tidemark LLC purchased a new stake in shares of Viasat in the fourth quarter worth about $72,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Viasat by 49.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,025 shares of the communications equipment provider’s stock valued at $112,000 after buying an additional 1,335 shares in the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

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.