ViaSat, Inc. (VSAT) Receives Consensus Rating of “Hold” from Analysts
ViaSat, Inc. (NASDAQ:VSAT) has received an average rating of “Hold” from the seventeen ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $75.70.
A number of research analysts recently weighed in on VSAT shares. BidaskClub lowered shares of ViaSat from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Cowen and Company raised shares of ViaSat from a “market perform” rating to an “outperform” rating in a report on Saturday, June 3rd. B. Riley set a $89.00 target price on shares of ViaSat and gave the company a “buy” rating in a report on Wednesday, June 14th. Wells Fargo & Company set a $96.00 target price on shares of ViaSat and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, TheStreet raised shares of ViaSat from a “c” rating to a “b-” rating in a report on Tuesday, May 23rd.
Shares of ViaSat (NASDAQ:VSAT) opened at 60.08 on Friday. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 260.09 and a beta of 0.69. ViaSat has a one year low of $57.75 and a one year high of $82.19. The stock has a 50 day moving average of $63.07 and a 200-day moving average of $65.01.
ViaSat (NASDAQ:VSAT) last posted its earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The business had revenue of $380 million during the quarter, compared to analysts’ expectations of $384.29 million. During the same period last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts expect that ViaSat will post $0.05 earnings per share for the current year.
In other news, insider Kevin J. Harkenrider sold 20,000 shares of ViaSat stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $66.07, for a total transaction of $1,321,400.00. Following the completion of the sale, the insider now directly owns 24,004 shares in the company, valued at $1,585,944.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bruce Leroy Dirks bought 1,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $59.78 per share, with a total value of $59,780.00. The disclosure for this purchase can be found here. Insiders have sold 61,350 shares of company stock valued at $3,819,269 over the last ninety days. 7.70% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Neuburgh Advisers LLC lifted its position in shares of ViaSat by 20.5% during the first quarter. Neuburgh Advisers LLC now owns 1,600 shares of the communications equipment provider’s stock worth $102,000 after purchasing an additional 272 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of ViaSat during the first quarter worth $105,000. PNC Financial Services Group Inc. lifted its position in shares of ViaSat by 9.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock worth $105,000 after purchasing an additional 131 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of ViaSat by 13.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock worth $121,000 after purchasing an additional 216 shares during the last quarter. Finally, Glen Harbor Capital Management LLC lifted its position in shares of ViaSat by 20.5% during the first quarter. Glen Harbor Capital Management LLC now owns 2,200 shares of the communications equipment provider’s stock worth $140,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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