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
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.
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.
- Get a free copy of the StockNews.com research report on Viasat (VSAT)
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