Viasat, Inc. (NASDAQ:VSAT) Short Interest Update

Viasat, Inc. (NASDAQ:VSAT) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 19,020,000 shares, a growth of 19.5% from the October 15th total of 15,910,000 shares. Based on an average daily volume of 2,340,000 shares, the days-to-cover ratio is currently 8.1 days.

Viasat Trading Down 4.3 %

Shares of VSAT stock opened at $7.40 on Friday. Viasat has a fifty-two week low of $7.30 and a fifty-two week high of $29.11. The stock’s fifty day moving average price is $11.20 and its two-hundred day moving average price is $14.59. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. The company has a market cap of $950.09 million, a PE ratio of -2.37 and a beta of 1.37.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.53). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business earned ($6.16) earnings per share. Equities analysts predict that Viasat will post -2.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Viasat

Institutional investors have recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN boosted its position in Viasat by 28.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock valued at $52,766,000 after buying an additional 969,942 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Viasat in the 3rd quarter valued at $27,000. State Street Corp boosted its holdings in shares of Viasat by 6.6% during the 3rd quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock valued at $53,083,000 after acquiring an additional 276,376 shares in the last quarter. Centiva Capital LP bought a new stake in Viasat during the 3rd quarter worth $328,000. Finally, Paloma Partners Management Co acquired a new position in Viasat in the 3rd quarter worth about $160,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. JPMorgan Chase & Co. lowered Viasat from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $29.00 to $15.00 in a research note on Tuesday, September 17th. Bank of America cut their target price on Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Finally, Needham & Company LLC decreased their price target on Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.83.

Viasat Company Profile

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.