ViaSat, Inc. (NASDAQ:VSAT) has earned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $95.14.

VSAT has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of ViaSat from a “strong-buy” rating to a “hold” rating and set a $82.00 target price for the company. in a research report on Saturday, November 16th. JPMorgan Chase & Co. upgraded shares of ViaSat from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $84.00 to $90.00 in a research report on Monday, November 18th. Needham & Company LLC cut their target price on shares of ViaSat to $90.00 and set a “buy” rating for the company in a research report on Friday, November 8th. BidaskClub downgraded shares of ViaSat from a “sell” rating to a “strong sell” rating in a research report on Friday. Finally, ValuEngine downgraded shares of ViaSat from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

In related news, EVP Keven K. Lippert sold 3,900 shares of ViaSat stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $72.96, for a total value of $284,544.00. Following the transaction, the executive vice president now owns 1,237 shares in the company, valued at approximately $90,251.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Melinda Michele Kimbro sold 8,901 shares of ViaSat stock in a transaction on Friday, December 13th. The stock was sold at an average price of $72.00, for a total transaction of $640,872.00. Following the completion of the transaction, the insider now owns 14,162 shares in the company, valued at approximately $1,019,664. The disclosure for this sale can be found here. Insiders have sold a total of 14,551 shares of company stock worth $1,053,499 in the last 90 days. 7.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in VSAT. Bank of Montreal Can grew its position in ViaSat by 25.0% in the 2nd quarter. Bank of Montreal Can now owns 915 shares of the communications equipment provider’s stock worth $74,000 after purchasing an additional 183 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of ViaSat by 1.1% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 16,429 shares of the communications equipment provider’s stock valued at $1,237,000 after acquiring an additional 184 shares in the last quarter. Comerica Bank boosted its position in shares of ViaSat by 0.7% during the 3rd quarter. Comerica Bank now owns 32,875 shares of the communications equipment provider’s stock valued at $2,303,000 after acquiring an additional 237 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of ViaSat by 73.2% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 639 shares of the communications equipment provider’s stock valued at $48,000 after acquiring an additional 270 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of ViaSat by 3.3% during the 3rd quarter. Voya Investment Management LLC now owns 10,191 shares of the communications equipment provider’s stock valued at $767,000 after acquiring an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

VSAT stock traded up $0.36 during midday trading on Tuesday, reaching $72.46. The company had a trading volume of 422,937 shares, compared to its average volume of 265,944. ViaSat has a 1 year low of $60.55 and a 1 year high of $97.31. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $4.45 billion, a P/E ratio of -64.12 and a beta of 0.82. The company has a 50 day moving average of $72.51 and a two-hundred day moving average of $75.48.

ViaSat (NASDAQ:VSAT) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.17. ViaSat had a negative net margin of 0.72% and a negative return on equity of 0.83%. The company had revenue of $592.26 million during the quarter, compared to the consensus estimate of $568.66 million. On average, sell-side analysts anticipate that ViaSat will post 0.08 earnings per share for the current year.

About ViaSat

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.

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Analyst Recommendations for ViaSat (NASDAQ:VSAT)

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