Viasat (NASDAQ:VSAT) Trading Down 4.6%

Shares of Viasat, Inc. (NASDAQ:VSAT) traded down 4.6% during mid-day trading on Monday . The stock traded as low as $15.45 and last traded at $15.54. 311,805 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 1,090,287 shares. The stock had previously closed at $16.29.

Analyst Upgrades and Downgrades

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

Viasat Trading Down 2.1 %

The company has a quick ratio of 2.46, a current ratio of 2.71 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average is $18.25 and its 200-day moving average is $20.67. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 2.03 and a beta of 1.33.

Viasat (NASDAQ:VSAT) last posted its quarterly 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%. Research analysts anticipate that Viasat, Inc. will post -1.43 earnings per share for the current fiscal year.

Institutional Trading of Viasat

A number of hedge funds and other institutional investors have recently modified their holdings of VSAT. Quarry LP acquired a new stake in shares of Viasat in the second quarter valued at $36,000. Signaturefd LLC boosted its holdings in Viasat by 303.6% during the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 759 shares during the period. Tower Research Capital LLC TRC acquired a new position in Viasat in the 2nd quarter valued at about $48,000. GAMMA Investing LLC acquired a new position in Viasat in the 4th quarter valued at about $37,000. Finally, Captrust Financial Advisors increased its stake in Viasat by 29.2% during the second quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 297 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Company Profile

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.