Bank of America Corp. initiated coverage on shares of ViaSat Inc. (NASDAQ:VSAT) in a research report sent to investors on Monday. The firm issued a buy rating on the stock.

VSAT has been the topic of a number of other reports. Zacks Investment Research downgraded shares of ViaSat from a buy rating to a hold rating in a report on Thursday, August 25th. Wunderlich lifted their price target on shares of ViaSat from $50.00 to $58.00 and gave the company a sell rating in a report on Wednesday, November 9th. B. Riley reiterated a buy rating and issued a $89.00 price target on shares of ViaSat in a report on Sunday, August 14th. Macquarie downgraded shares of ViaSat from a neutral rating to an underperform rating in a report on Wednesday, November 16th. Finally, TheStreet upgraded shares of ViaSat from a hold rating to a buy rating in a report on Tuesday, November 8th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $75.40.

Analyst Recommendations for ViaSat (NASDAQ:VSAT)

ViaSat (NASDAQ:VSAT) traded down 0.77% during mid-day trading on Monday, hitting $71.95. 88,098 shares of the stock were exchanged. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 131.06 and a beta of 0.67. The company’s 50-day moving average price is $73.03 and its 200 day moving average price is $73.15. ViaSat has a 52 week low of $56.02 and a 52 week high of $82.19.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.13. The company had revenue of $399.20 million for the quarter, compared to the consensus estimate of $378.83 million. ViaSat had a net margin of 1.83% and a return on equity of 2.91%. ViaSat’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Equities research analysts expect that ViaSat will post $1.29 EPS for the current year.

In other ViaSat news, CEO Mark D. Dankberg sold 26,250 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $75.27, for a total value of $1,975,837.50. Following the completion of the sale, the chief executive officer now directly owns 26,250 shares of the company’s stock, valued at approximately $1,975,837.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ken Allen Peterman sold 6,563 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $78.23, for a total transaction of $513,423.49. Following the completion of the sale, the insider now directly owns 11,182 shares of the company’s stock, valued at $874,767.86. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.

Several large investors have recently made changes to their positions in VSAT. Swiss National Bank boosted its stake in shares of ViaSat by 0.9% in the second quarter. Swiss National Bank now owns 76,724 shares of the company’s stock valued at $5,478,000 after buying an additional 700 shares during the last quarter. State Treasurer State of Michigan acquired a new stake in shares of ViaSat during the second quarter valued at $1,292,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of ViaSat during the second quarter valued at $1,091,000. California State Teachers Retirement System boosted its stake in shares of ViaSat by 2.9% in the second quarter. California State Teachers Retirement System now owns 93,349 shares of the company’s stock valued at $6,665,000 after buying an additional 2,594 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in shares of ViaSat during the second quarter valued at $4,147,000. 94.34% of the stock is owned by hedge funds and other institutional investors.

ViaSat Company Profile

ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.

5 Day Chart for NASDAQ:VSAT

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