Viasat (NASDAQ:VSAT) PT Lowered to $28.00

Viasat (NASDAQ:VSAT) had its price target cut by Needham & Company LLC from $35.00 to $28.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

Separately, Barclays reduced their price target on shares of Viasat from $30.00 to $28.00 and set an equal weight rating for the company in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $37.00.

Viasat Price Performance

Viasat stock opened at $16.04 on Wednesday. Viasat has a 1 year low of $13.80 and a 1 year high of $47.35. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.68 and a quick ratio of 2.46. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -1.83 and a beta of 1.31. The firm has a 50-day moving average of $16.92 and a two-hundred day moving average of $20.35.

Institutional Investors Weigh In On Viasat

Several large investors have recently modified their holdings of VSAT. Bank of New York Mellon Corp raised its stake in shares of Viasat by 5.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 672,639 shares of the communications equipment provider’s stock worth $12,417,000 after acquiring an additional 34,037 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Viasat by 27.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,210 shares of the communications equipment provider’s stock worth $225,000 after acquiring an additional 2,602 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Viasat by 128.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,350 shares of the communications equipment provider’s stock worth $1,059,000 after acquiring an additional 32,241 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Viasat by 45.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 16,156 shares of the communications equipment provider’s stock worth $298,000 after acquiring an additional 5,069 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Viasat by 38.6% during the 3rd quarter. California Public Employees Retirement System now owns 149,446 shares of the communications equipment provider’s stock worth $2,759,000 after acquiring an additional 41,656 shares in the last quarter. 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.