ViaSat Receives Consensus Rating of “Hold” from Analysts (NASDAQ:VSAT)
Shares of ViaSat (NASDAQ:VSAT) have received an average rating of “Hold” from the eight brokerages that are currently covering the stock, StockRatingsNetwork reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $59.88.
In other ViaSat news, Director John P. Stenbit sold 3,100 shares of the company’s stock on the open market in a transaction that occurred on 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 is available at this link.
ViaSat (NASDAQ:VSAT) traded up 2.34% on Friday, hitting $54.30. The stock had a trading volume of 149,598 shares. ViaSat has a 1-year low of $51.50 and a 1-year high of $74.78. The stock has a 50-day moving average of $57.59 and a 200-day moving average of $61.53. The company’s market cap is $2.526 billion.
ViaSat (NASDAQ:VSAT) last issued its quarterly 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 $1.12 EPS for the current fiscal year.
A number of analysts have recently weighed in on VSAT shares. Analysts at Stephens downgraded shares of ViaSat from an “overweight” rating to an “equal weight” rating in a research note on Friday. Separately, analysts at Oppenheimer downgraded shares of ViaSat from an “outperform” rating to a “market perform” rating in a research note on Thursday. They now have a $62.00 price target on the stock. Finally, analysts at Needham & Company LLC cut their price target on shares of ViaSat from $67.00 to $61.00 in a research note on Wednesday. They now have a “strong-buy” rating on the stock.
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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