Viasat (NASDAQ:VSAT) Sets New 1-Year Low at $15.02

Viasat, Inc. (NASDAQ:VSAT) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $15.02 and last traded at $15.09, with a volume of 77982 shares traded. The stock had previously closed at $15.68.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their target price on shares of Viasat from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.17.

Viasat Price Performance

The business’s 50-day moving average price is $18.19 and its 200 day moving average price is $20.63. The company has a quick ratio of 2.46, a current ratio of 2.71 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $1.95 billion, a P/E ratio of 2.05 and a beta of 1.33.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.85). Viasat had a net margin of 6.01% and a return on equity of 4.52%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Analysts anticipate that Viasat, Inc. will post -1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Viasat

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Viasat in the second quarter valued at approximately $36,000. Signaturefd LLC raised its stake in Viasat by 303.6% in the fourth quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 759 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Viasat in the second quarter valued at approximately $48,000. GAMMA Investing LLC purchased a new stake in Viasat in the fourth quarter valued at approximately $37,000. Finally, Captrust Financial Advisors raised its stake in shares of Viasat by 29.2% during the second quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 297 shares in the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

About Viasat

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 entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.