Shares of ViaSat, Inc. (NASDAQ:VSAT) have been assigned an average recommendation of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $69.71.
Several equities research analysts recently commented on the company. ValuEngine raised ViaSat from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. BidaskClub raised ViaSat from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Raymond James increased their price objective on ViaSat from $73.00 to $81.00 and gave the company a “positive” rating in a research report on Friday, February 15th. Barclays reaffirmed a “sell” rating and set a $66.00 price objective on shares of ViaSat in a research report on Wednesday, February 13th. Finally, Zacks Investment Research raised ViaSat from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Monday, February 4th.
In related news, Director B Allen Lay sold 2,000 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $71.50, for a total transaction of $143,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Richard A. Baldridge sold 84,401 shares of the stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $72.74, for a total value of $6,139,328.74. The disclosure for this sale can be found here. Insiders have sold 188,026 shares of company stock worth $14,012,045 over the last ninety days. 8.10% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Pure Financial Advisors Inc. bought a new position in ViaSat in the first quarter valued at about $241,000. Geode Capital Management LLC lifted its holdings in ViaSat by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 649,189 shares of the communications equipment provider’s stock valued at $38,269,000 after acquiring an additional 66,470 shares during the period. Norges Bank bought a new position in ViaSat in the fourth quarter valued at about $30,846,000. FMR LLC lifted its holdings in ViaSat by 134.3% in the fourth quarter. FMR LLC now owns 63,425 shares of the communications equipment provider’s stock valued at $3,739,000 after acquiring an additional 36,350 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in ViaSat by 6.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 170,431 shares of the communications equipment provider’s stock valued at $10,047,000 after acquiring an additional 10,496 shares during the period.
Shares of NASDAQ VSAT traded up $1.45 during trading on Friday, reaching $87.00. The company had a trading volume of 392,633 shares, compared to its average volume of 427,744. ViaSat has a 12-month low of $55.93 and a 12-month high of $87.11. The stock has a market cap of $5.17 billion, a P/E ratio of -101.16 and a beta of 0.90. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.
ViaSat (NASDAQ:VSAT) last released its earnings results on Thursday, February 7th. The communications equipment provider reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.24. ViaSat had a negative return on equity of 4.60% and a negative net margin of 4.62%. The firm had revenue of $554.69 million for the quarter, compared to analysts’ expectations of $487.99 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was up 45.3% on a year-over-year basis. As a group, analysts forecast that ViaSat will post -1.43 earnings per share for the current fiscal year.
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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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