ViaSat (NASDAQ:VSAT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other brokerages have also recently weighed in on VSAT. B. Riley restated a “buy” rating and set a $89.00 target price on shares of ViaSat in a report on Thursday, November 9th. Needham & Company LLC upgraded ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, November 10th. Zacks Investment Research lowered shares of ViaSat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $46.00 price target (down previously from $48.00) on shares of ViaSat in a research report on Tuesday, November 21st. Finally, Jefferies Group set a $67.00 price target on shares of ViaSat and gave the company a “hold” rating in a research report on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $73.36.

Shares of ViaSat (NASDAQ VSAT) opened at $71.83 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. ViaSat has a twelve month low of $57.75 and a twelve month high of $74.99. The stock has a market capitalization of $4,163.38, a PE ratio of 1,429.80 and a beta of 0.78.

ViaSat (NASDAQ:VSAT) last issued its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The business had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $401.83 million. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. equities research analysts anticipate that ViaSat will post -0.98 earnings per share for the current year.

In other ViaSat news, CEO Mark D. Dankberg sold 28,500 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $60.12, for a total value of $1,713,420.00. Following the completion of the transaction, the chief executive officer now owns 28,500 shares in the company, valued at $1,713,420. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $74.10, for a total transaction of $51,870.00. Following the completion of the transaction, the director now owns 10,300 shares of the company’s stock, valued at approximately $763,230. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,300 shares of company stock valued at $8,911,043. Insiders own 7.70% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of ViaSat by 1,936.1% during the second quarter. JPMorgan Chase & Co. now owns 12,135 shares of the communications equipment provider’s stock worth $803,000 after purchasing an additional 11,539 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in ViaSat by 123.0% in the second quarter. BNP Paribas Arbitrage SA now owns 26,641 shares of the communications equipment provider’s stock valued at $1,764,000 after acquiring an additional 14,694 shares in the last quarter. Fiduciary Management Inc. WI acquired a new position in ViaSat in the second quarter valued at $28,948,000. Comerica Bank boosted its stake in ViaSat by 27.5% in the second quarter. Comerica Bank now owns 52,615 shares of the communications equipment provider’s stock valued at $3,471,000 after acquiring an additional 11,334 shares in the last quarter. Finally, New South Capital Management Inc. boosted its stake in ViaSat by 12.2% in the second quarter. New South Capital Management Inc. now owns 2,309,525 shares of the communications equipment provider’s stock valued at $152,891,000 after acquiring an additional 251,890 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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ViaSat Company Profile

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.

Analyst Recommendations for ViaSat (NASDAQ:VSAT)

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