Gilat Satellite Networks Target of Unusually Large Options Trading (NASDAQ:GILT)

Gilat Satellite Networks Ltd. (NASDAQ:GILT) saw unusually large options trading on Monday. Investors bought 4,728 call options on the company. This is an increase of 407% compared to the average volume of 933 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GILT shares. Needham & Company LLC raised their target price on Gilat Satellite Networks from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen raised Gilat Satellite Networks from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Zacks Research upgraded Gilat Satellite Networks to a “strong-buy” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $11.00.

Institutional Trading of Gilat Satellite Networks

Institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of Gilat Satellite Networks by 3.4% in the 4th quarter. Tidal Investments LLC now owns 65,779 shares of the communications equipment provider’s stock worth $405,000 after acquiring an additional 2,158 shares during the period. Marshall Wace LLP increased its stake in Gilat Satellite Networks by 1.6% during the 2nd quarter. Marshall Wace LLP now owns 513,873 shares of the communications equipment provider’s stock valued at $3,643,000 after buying an additional 8,105 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in shares of Gilat Satellite Networks by 22.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 53,600 shares of the communications equipment provider’s stock valued at $330,000 after purchasing an additional 10,000 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new position in shares of Gilat Satellite Networks during the 1st quarter valued at about $67,000. Finally, Yelin Lapidot Holdings Management Ltd. boosted its position in shares of Gilat Satellite Networks by 7.2% during the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 181,549 shares of the communications equipment provider’s stock valued at $1,153,000 after purchasing an additional 12,235 shares in the last quarter. Institutional investors own 35.72% of the company’s stock.

Gilat Satellite Networks Stock Performance

NASDAQ:GILT opened at $10.68 on Wednesday. The stock has a market capitalization of $611.00 million, a P/E ratio of 27.39 and a beta of 0.51. The stock has a 50-day moving average price of $8.46 and a 200 day moving average price of $7.12. The company has a current ratio of 1.50, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. Gilat Satellite Networks has a 12-month low of $4.30 and a 12-month high of $10.71.

Gilat Satellite Networks (NASDAQ:GILT) last issued its quarterly earnings data on Wednesday, August 6th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. The firm had revenue of $105.00 million during the quarter, compared to analyst estimates of $100.99 million. Gilat Satellite Networks had a return on equity of 10.05% and a net margin of 6.41%. Equities research analysts forecast that Gilat Satellite Networks will post 0.5 EPS for the current fiscal year.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.