Viasat, Inc. (NASDAQ:VSAT – Get Free Report)’s stock price rose 7.2% during trading on Tuesday . The company traded as high as $16.65 and last traded at $16.62. Approximately 161,576 shares were traded during trading, a decline of 85% from the average daily volume of 1,096,637 shares. The stock had previously closed at $15.51.
Analyst Ratings Changes
Separately, Barclays reduced their price objective on shares of Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.17.
Get Our Latest Research Report on VSAT
Viasat Stock Up 7.2 %
Viasat (NASDAQ:VSAT – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Viasat had a net margin of 6.01% and a return on equity of 4.52%. On average, equities analysts forecast that Viasat, Inc. will post -1.43 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Treasurer of the State of North Carolina increased its stake in Viasat by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,832 shares of the communications equipment provider’s stock worth $1,449,000 after buying an additional 500 shares during the period. VisionPoint Advisory Group LLC increased its holdings in Viasat by 1.2% in the fourth quarter. VisionPoint Advisory Group LLC now owns 50,290 shares of the communications equipment provider’s stock valued at $1,406,000 after buying an additional 597 shares during the last quarter. Signaturefd LLC grew its stake in shares of Viasat by 303.6% in the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 759 shares during the last quarter. Hanson & Doremus Investment Management raised its stake in shares of Viasat by 24.0% during the 1st quarter. Hanson & Doremus Investment Management now owns 5,216 shares of the communications equipment provider’s stock worth $94,000 after buying an additional 1,009 shares during the last quarter. Finally, Comerica Bank increased its stake in Viasat by 3.1% in the fourth quarter. Comerica Bank now owns 35,820 shares of the communications equipment provider’s stock valued at $1,001,000 after purchasing an additional 1,084 shares during the last quarter. 86.05% of the stock is owned by institutional investors.
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.
Recommended Stories
- Five stocks we like better than Viasat
- What is Insider Trading? What You Can Learn from Insider Trading
- Charles Schwab Fortifies its Uptrend on EPS Beat
- What is the Dow Jones Industrial Average (DJIA)?
- Lockheed Martin Stock Aims for a Fresh All-Time High
- Why Invest in 5G? How to Invest in 5G Stocks
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Receive News & Ratings for Viasat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viasat and related companies with MarketBeat.com's FREE daily email newsletter.