Shares of ViaSat, Inc. (NASDAQ:VSAT) have received an average rating of “Hold” from the twelve research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $66.86.
A number of brokerages recently commented on VSAT. BidaskClub lowered ViaSat from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Zacks Investment Research raised ViaSat from a “sell” rating to a “hold” rating in a research report on Monday, October 15th. Morgan Stanley decreased their target price on ViaSat from $71.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 12th. Barclays set a $50.00 target price on ViaSat and gave the company a “sell” rating in a research report on Monday, August 13th. Finally, ValuEngine raised ViaSat from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th.
VSAT stock opened at $69.14 on Monday. ViaSat has a 1-year low of $59.16 and a 1-year high of $80.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.70 and a quick ratio of 1.19. The stock has a market capitalization of $4.12 billion, a PE ratio of -80.40 and a beta of 0.71.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported ($0.40) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.56) by $0.16. ViaSat had a negative return on equity of 4.95% and a negative net margin of 5.87%. The firm had revenue of $517.50 million during the quarter, compared to analyst estimates of $468.99 million. During the same period last year, the company posted $0.09 EPS. The business’s quarterly revenue was up 32.3% on a year-over-year basis. Analysts expect that ViaSat will post -1.68 earnings per share for the current year.
In other ViaSat news, Director John P. Stenbit sold 800 shares of ViaSat stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $62.67, for a total transaction of $50,136.00. Following the completion of the transaction, the director now owns 800 shares in the company, valued at approximately $50,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Louis Ryan sold 2,672 shares of ViaSat stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $70.23, for a total value of $187,654.56. The disclosure for this sale can be found here. Insiders sold a total of 163,172 shares of company stock valued at $11,018,602 over the last ninety days. 8.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in ViaSat by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,124,401 shares of the communications equipment provider’s stock valued at $327,706,000 after purchasing an additional 153,301 shares during the last quarter. Legal & General Group Plc boosted its stake in ViaSat by 1.3% during the 3rd quarter. Legal & General Group Plc now owns 65,029 shares of the communications equipment provider’s stock valued at $4,159,000 after purchasing an additional 836 shares during the last quarter. B. Riley Financial Inc. boosted its stake in ViaSat by 22.8% during the 3rd quarter. B. Riley Financial Inc. now owns 7,921 shares of the communications equipment provider’s stock valued at $507,000 after purchasing an additional 1,472 shares during the last quarter. Teachers Advisors LLC boosted its stake in ViaSat by 2.1% during the 3rd quarter. Teachers Advisors LLC now owns 104,444 shares of the communications equipment provider’s stock valued at $6,679,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Ashford Capital Management Inc. boosted its stake in ViaSat by 33.4% during the 3rd quarter. Ashford Capital Management Inc. now owns 376,068 shares of the communications equipment provider’s stock valued at $24,050,000 after purchasing an additional 94,165 shares during the last quarter.
Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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