Inspire Investing LLC Boosts Holdings in Viasat Inc. $VSAT

Inspire Investing LLC grew its stake in shares of Viasat Inc. (NASDAQ:VSAT) by 232.9% in the first quarter, HoldingsChannel reports. The fund owned 45,463 shares of the communications equipment provider’s stock after buying an additional 31,808 shares during the quarter. Inspire Investing LLC’s holdings in Viasat were worth $2,082,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of VSAT. Pilgrim Partners Asia Pte Ltd purchased a new stake in Viasat in the fourth quarter valued at approximately $36,000. Los Angeles Capital Management LLC purchased a new position in shares of Viasat in the fourth quarter valued at $38,000. EFG International AG acquired a new stake in Viasat during the 4th quarter valued at $41,000. Danske Bank A S acquired a new stake in Viasat during the 4th quarter valued at $47,000. Finally, Larson Financial Group LLC increased its stake in Viasat by 7,380.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock worth $66,000 after buying an additional 2,214 shares during the period. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Viasat

Here are the key news stories impacting Viasat this week:

• Positive Sentiment: Viasat partnered with Magnite to bring programmatic advertising to in-flight Wi-Fi, creating a new monetization opportunity for its connectivity platform. Viasat (VSAT) Partners With Magnite To Bring Programmatic Ads To In Flight Wi Fi
• Positive Sentiment: Investors are reacting to recent U.S. Space Force contract wins, which strengthen Viasat’s secure satellite communications business and support a more bullish outlook for defense-related revenue. Viasat stock jumps as Space Force wins fuel bullish analyst outlook
• Positive Sentiment: Oppenheimer initiated coverage with an Outperform rating and a $140 price target, signaling meaningful upside from recent trading levels and helping fuel the rally. Finviz coverage reference
• Positive Sentiment: Options activity surged, with traders buying far more call options than usual, a sign that some market participants are betting on continued upside in VSAT.
• Neutral Sentiment: Analysts are debating Viasat’s long-term role in the satellite spectrum market, and commentary around the Rocket Lab-Iridium deal has added attention to the sector, though the direct impact on Viasat is less certain. VSAT stock clocks best day in over 10 months
• Negative Sentiment: Some recent commentary urged investors to sell VSAT, suggesting not all market participants are convinced the rally is sustainable. 3 reasons to sell VSAT and 1 stock to buy instead

Viasat Stock Performance

VSAT opened at $89.81 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 2.19 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $68.89 and its 200-day moving average is $53.28. The stock has a market cap of $12.27 billion, a PE ratio of -309.69 and a beta of 1.71. Viasat Inc. has a twelve month low of $14.00 and a twelve month high of $89.95.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.34). Viasat had a positive return on equity of 1.58% and a negative net margin of 0.73%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned ($0.02) earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Viasat Inc. will post -0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VSAT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $97.00 price objective on shares of Viasat in a research report on Monday, June 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research note on Monday, April 20th. B. Riley Financial increased their price target on Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 29th. Barclays set a $49.00 price objective on Viasat in a research note on Friday, May 29th. Finally, Needham & Company LLC lifted their price objective on Viasat from $58.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Viasat currently has an average rating of “Moderate Buy” and an average price target of $84.11.

Insider Buying and Selling

In related news, Director John P. Stenbit sold 653 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $71.74, for a total value of $46,846.22. Following the completion of the sale, the director owned 29,597 shares of the company’s stock, valued at $2,123,288.78. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Theresa Wise sold 2,500 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $69.00, for a total transaction of $172,500.00. Following the completion of the sale, the director directly owned 11,000 shares of the company’s stock, valued at $759,000. The trade was a 18.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 438,275 shares of company stock valued at $28,608,719. Company insiders own 2.20% of the company’s stock.

Viasat Company Profile

Viasat, Inc (NASDAQ: VSAT) provides high?capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.