Brokerages Set Viasat, Inc. (NASDAQ:VSAT) PT at $54.25

Viasat, Inc. (NASDAQ:VSAT – Get Rating) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $54.25.

A number of equities analysts have recently commented on VSAT shares. William Blair downgraded Viasat from an “outperform” rating to a “market perform” rating in a report on Thursday, January 26th. StockNews.com started coverage on Viasat in a report on Thursday, May 18th. They set a “sell” rating on the stock. Barclays dropped their target price on Viasat from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 15th. Morgan Stanley dropped their target price on Viasat from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, March 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $44.00 price objective on shares of Viasat in a research note on Wednesday, February 8th.

Viasat Stock Up 2.1 %

VSAT opened at $44.44 on Tuesday. The business’s fifty day simple moving average is $35.56 and its 200 day simple moving average is $34.29. The company has a quick ratio of 2.07, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. Viasat has a 52 week low of $25.38 and a 52 week high of $45.86. The firm has a market cap of $3.42 billion, a P/E ratio of 3.16 and a beta of 1.27.

Insider Activity at Viasat

In related news, insider Craig Andrew Miller sold 735 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $45.00, for a total transaction of $33,075.00. Following the completion of the transaction, the insider now owns 9,949 shares in the company, valued at approximately $447,705. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 1,607 shares of company stock worth $63,644 in the last 90 days. 4.90% of the stock is currently owned by company insiders.

Institutional Trading of Viasat

Hedge funds have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC bought a new stake in shares of Viasat in the 4th quarter worth $29,000. Spire Wealth Management acquired a new position in shares of Viasat in the 1st quarter worth $34,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of Viasat in the 1st quarter worth $42,000. Captrust Financial Advisors grew its holdings in shares of Viasat by 29.2% in the 2nd 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 during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Viasat in the 1st quarter worth $85,000. Institutional investors own 82.36% of the company’s stock.

About Viasat

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ViaSat, Inc provides communications technologies and services. It operates through following segments: Satellite Services, Commercial Networks and Government Systems. The Satellite Services segment provides satellite-based high-speed broadband services with multiple applications to consumers, enterprises, and mobile broadband customers (including commercial airlines and maritime vessels) both in the United States and abroad.