Viasat, Inc. (NASDAQ:VSAT) Receives $18.88 Consensus Target Price from Analysts

Shares of Viasat, Inc. (NASDAQ:VSAT) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.88.

A number of analysts have recently weighed in on VSAT shares. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, March 24th. William Blair restated a “market perform” rating on shares of Viasat in a research report on Tuesday, April 15th. Wall Street Zen raised Viasat from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. B. Riley cut their target price on Viasat from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, May 27th. Finally, Needham & Company LLC decreased their price target on Viasat from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, May 22nd.

Institutional Trading of Viasat

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in Viasat in the fourth quarter valued at about $1,801,000. Cambiar Investors LLC purchased a new stake in shares of Viasat in the 4th quarter valued at approximately $123,000. Van ECK Associates Corp lifted its holdings in shares of Viasat by 264.7% in the 4th quarter. Van ECK Associates Corp now owns 104,708 shares of the communications equipment provider’s stock worth $891,000 after acquiring an additional 75,997 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Viasat by 1.8% in the 4th quarter. Rhumbline Advisers now owns 319,471 shares of the communications equipment provider’s stock worth $2,719,000 after acquiring an additional 5,573 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Viasat by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider’s stock worth $3,516,000 after purchasing an additional 12,802 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Price Performance

NASDAQ:VSAT opened at $12.60 on Thursday. The business’s 50-day simple moving average is $9.42 and its two-hundred day simple moving average is $9.43. Viasat has a 52 week low of $6.69 and a 52 week high of $26.70. The stock has a market cap of $1.64 billion, a PE ratio of -3.75 and a beta of 0.98. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35.

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.