Viasat, Inc. (NASDAQ:VSAT) Receives Average Recommendation of “Hold” from Analysts

Shares of Viasat, Inc. (NASDAQ:VSAT) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $38.17.

Separately, Barclays reduced their price target on shares of Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd.

Viasat Price Performance

VSAT stock opened at $15.56 on Friday. The stock has a 50-day simple moving average of $18.19 and a 200-day simple moving average of $20.63. The firm has a market cap of $1.95 billion, a P/E ratio of 2.05 and a beta of 1.33. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.46 and a current ratio of 2.71. Viasat has a 1 year low of $15.02 and a 1 year high of $47.35.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.85). The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Viasat had a net margin of 6.01% and a return on equity of 4.52%. On average, equities analysts predict that Viasat will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viasat

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Viasat by 40.3% during the 3rd quarter. Vanguard Group Inc. now owns 11,897,337 shares of the communications equipment provider’s stock worth $219,625,000 after buying an additional 3,417,316 shares during the period. Jump Financial LLC boosted its holdings in Viasat by 696.1% during the third quarter. Jump Financial LLC now owns 121,311 shares of the communications equipment provider’s stock valued at $2,239,000 after acquiring an additional 106,073 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Viasat by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 802,096 shares of the communications equipment provider’s stock valued at $14,807,000 after purchasing an additional 50,252 shares during the last quarter. Invesco Ltd. increased its stake in shares of Viasat by 68.0% in the third quarter. Invesco Ltd. now owns 1,133,429 shares of the communications equipment provider’s stock worth $20,923,000 after purchasing an additional 458,959 shares during the period. Finally, CI Investments Inc. bought a new stake in Viasat during the 3rd quarter valued at approximately $120,000. Institutional investors own 86.05% of the company’s stock.

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.