ViaSat PT Lowered to $48.00 (VSAT)
Wunderlich dropped their price target on shares of ViaSat (NASDAQ:VSAT) from $50.00 to $48.00 in a research note issued on Wednesday. The firm currently has a “sell” rating on the stock. Wunderlich’s price objective would indicate a potential downside of 16.17% from the company’s current price.
In other ViaSat news, Director John P. Stenbit unloaded 3,100 shares of the stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $58.45, for a total value of $181,195.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ViaSat (NASDAQ:VSAT) traded down 7.42% during mid-day trading on Wednesday, hitting $53.01. The stock had a trading volume of 2,534,771 shares. ViaSat has a 1-year low of $53.03 and a 1-year high of $74.78. The stock has a 50-day moving average of $57.79 and a 200-day moving average of $61.65. The company’s market cap is $2.459 billion.
ViaSat (NASDAQ:VSAT) last announced its earnings results on Tuesday, August 12th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that ViaSat will post $1.19 earnings per share for the current fiscal year.
A number of other firms have also recently commented on VSAT. 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. Separately, analysts at Drexel Hamilton initiated coverage on shares of ViaSat in a research note on Thursday, May 29th. They set a “hold” rating on the stock. Finally, analysts at Oppenheimer cut their price target on shares of ViaSat from $72.00 to $66.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target 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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