ViaSat Price Target Cut to $61.00 (VSAT)
Analysts at Needham & Company LLC cut their target price on shares of ViaSat (NASDAQ:VSAT) from $67.00 to $61.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “strong-buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 6.53% from the company’s current price.
In other ViaSat news, Director John P. Stenbit sold 3,100 shares of ViaSat stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $58.45, for a total value of $181,195.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ViaSat (NASDAQ:VSAT) opened at 57.26 on Wednesday. ViaSat has a 52-week low of $53.03 and a 52-week high of $74.78. The stock’s 50-day moving average is $57.79 and its 200-day moving average is $61.65. The company’s market cap is $2.656 billion.
ViaSat (NASDAQ:VSAT) last released its earnings data on Tuesday, August 12th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.10. The company had revenue of $319.50 million for the quarter, compared to the consensus estimate of $349.88 million. Analysts expect that ViaSat will post $1.19 EPS for the current fiscal year.
VSAT has been the subject of a number of other recent research reports. Analysts at Oppenheimer cut their price target on shares of ViaSat from $66.00 to $62.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich cut their price target on shares of ViaSat from $50.00 to $48.00 in a research note on Wednesday. They now have a “sell” rating on the stock. Finally, analysts at Zacks upgraded shares of ViaSat from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $58.40 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $59.88.
ViaSat, Inc is a provider of high-speed fixed and mobile broadband services, advanced satellite and other wireless networks and secure networking systems, products and services.
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