Viasat (NASDAQ:VSAT) Reaches New 1-Year High – Time to Buy?

Viasat Inc. (NASDAQ:VSAT)’s share price hit a new 52-week high on Tuesday . The company traded as high as $79.37 and last traded at $77.63, with a volume of 272328 shares changing hands. The stock had previously closed at $74.56.

Wall Street Analyst Weigh In

VSAT has been the subject of a number of research reports. B. Riley Financial increased their price target on shares of Viasat from $52.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Needham & Company LLC increased their price objective on shares of Viasat from $45.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, March 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a research note on Monday, April 20th. Barclays upgraded shares of Viasat from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $23.00 to $49.00 in a research note on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a “hold” rating to a “buy” rating and increased their price objective for the company from $36.00 to $48.00 in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

Viasat Trading Up 8.8%

The business’s 50 day moving average price is $59.35 and its 200-day moving average price is $46.84. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.90 and a current ratio of 2.13. The company has a market cap of $11.02 billion, a price-to-earnings ratio of -31.32 and a beta of 1.66.

Insider Transactions at Viasat

In other news, SVP Robert James Blair sold 30,411 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $47.04, for a total value of $1,430,533.44. Following the sale, the senior vice president owned 38,108 shares of the company’s stock, valued at approximately $1,792,600.32. This represents a 44.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Benjamin Edward Palmer sold 2,400 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.21, for a total transaction of $110,904.00. Following the completion of the sale, the senior vice president directly owned 25,431 shares in the company, valued at approximately $1,175,166.51. The trade was a 8.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 38,071 shares of company stock valued at $1,804,437. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Viasat

Large investors have recently made changes to their positions in the company. Valued Wealth Advisors LLC bought a new stake in Viasat during the 1st quarter worth about $25,000. Hantz Financial Services Inc. grew its holdings in Viasat by 6,815.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Viasat during the 4th quarter worth about $36,000. Los Angeles Capital Management LLC bought a new stake in Viasat during the 4th quarter worth about $38,000. Finally, EFG International AG bought a new stake in Viasat during the 4th quarter worth about $41,000. Institutional investors own 86.05% of the company’s stock.

Viasat Company Profile

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.