Viasat (NASDAQ:VSAT) Sets New 52-Week Low at $15.02

Viasat, Inc. (NASDAQ:VSAT)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $15.02 and last traded at $15.09, with a volume of 77982 shares. The stock had previously closed at $15.68.

Analyst Upgrades and Downgrades

Separately, Barclays cut their target price on Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.17.

Viasat Stock Performance

The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 2.07 and a beta of 1.33. The firm has a fifty day moving average of $18.40 and a 200 day moving average of $20.69. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.71 and a quick ratio of 2.46.

Viasat (NASDAQ:VSAT) last released its earnings results on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.85). The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Viasat had a net margin of 6.01% and a return on equity of 4.52%. On average, sell-side analysts anticipate that Viasat, Inc. will post -1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viasat

Several hedge funds and other institutional investors have recently made changes to their positions in VSAT. Alaska Permanent Fund Corp acquired a new stake in Viasat during the first quarter worth $478,000. PNC Financial Services Group Inc. grew its stake in shares of Viasat by 49.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,025 shares of the communications equipment provider’s stock valued at $112,000 after buying an additional 1,335 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Viasat by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 12,184,209 shares of the communications equipment provider’s stock valued at $340,549,000 after buying an additional 286,872 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Viasat by 33.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 62,194 shares of the communications equipment provider’s stock valued at $1,738,000 after buying an additional 15,622 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Viasat by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,471 shares of the communications equipment provider’s stock valued at $1,579,000 after buying an additional 2,806 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

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 entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.