ViaSat, Inc. (VSAT) Given Consensus Recommendation of “Hold” by Brokerages
ViaSat, Inc. (NASDAQ:VSAT) has earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $74.00.
Several equities research analysts have weighed in on VSAT shares. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Needham & Company LLC raised ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Friday, November 10th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $46.00 target price (down from $48.00) on shares of ViaSat in a research report on Tuesday, November 21st. Morgan Stanley started coverage on ViaSat in a research report on Friday, December 15th. They issued an “equal weight” rating and a $78.00 target price on the stock. Finally, BidaskClub raised ViaSat from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th.
Shares of ViaSat (VSAT) traded down $4.04 during midday trading on Tuesday, reaching $66.75. The company’s stock had a trading volume of 1,582,745 shares, compared to its average volume of 368,104. ViaSat has a 1 year low of $57.75 and a 1 year high of $80.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.71. The firm has a market capitalization of $3,887.32, a price-to-earnings ratio of -94.01 and a beta of 0.80.
In other news, insider Keven K. Lippert sold 1,200 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $69.20, for a total transaction of $83,040.00. Following the transaction, the insider now directly owns 2,949 shares of the company’s stock, valued at $204,070.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Stenbit sold 800 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $74.86, for a total value of $59,888.00. Following the transaction, the director now directly owns 10,400 shares in the company, valued at $778,544. The disclosure for this sale can be found here. Insiders have sold 19,700 shares of company stock worth $1,440,937 over the last three months. Corporate insiders own 7.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of ViaSat by 9.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 131 shares during the period. Swift Run Capital Management LLC acquired a new position in ViaSat during the fourth quarter worth about $204,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ViaSat by 54.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the communications equipment provider’s stock worth $210,000 after acquiring an additional 987 shares during the period. Iberiabank Corp acquired a new position in ViaSat during the fourth quarter worth about $225,000. Finally, Virtu KCG Holdings LLC acquired a new position in ViaSat during the second quarter worth about $203,000. 99.42% of the stock is currently owned by institutional investors.
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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.
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