Viasat’s (VSAT) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of Viasat (NASDAQ:VSAT) in a research report sent to investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently commented on VSAT. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Viasat in a research report on Thursday, August 7th. Barclays reiterated an “underweight” rating and issued a $23.00 price objective (up from $10.00) on shares of Viasat in a report on Wednesday, October 1st. Wall Street Zen upgraded Viasat from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Needham & Company LLC upped their price objective on Viasat from $16.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, William Blair reiterated an “outperform” rating on shares of Viasat in a report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $23.29.

Viasat Price Performance

Viasat stock opened at $32.62 on Wednesday. Viasat has a 52 week low of $6.69 and a 52 week high of $36.22. The business has a 50-day simple moving average of $29.41 and a 200 day simple moving average of $17.65. The company has a quick ratio of 1.87, a current ratio of 2.11 and a debt-to-equity ratio of 1.42. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of -7.06 and a beta of 1.21.

Viasat (NASDAQ:VSAT) last posted its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.32. Viasat had a negative return on equity of 6.37% and a negative net margin of 13.11%.The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. On average, research analysts forecast that Viasat will post -0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Viasat

In other news, Director Richard A. Baldridge sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $31.00, for a total value of $3,100,000.00. Following the completion of the sale, the director owned 197,161 shares of the company’s stock, valued at approximately $6,111,991. The trade was a 33.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Viasat

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in Viasat by 15.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,387 shares of the communications equipment provider’s stock valued at $70,000 after purchasing an additional 327 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Viasat by 15.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,753 shares of the communications equipment provider’s stock valued at $99,000 after purchasing an additional 888 shares during the last quarter. Cambiar Investors LLC raised its position in Viasat by 8.5% during the 2nd quarter. Cambiar Investors LLC now owns 12,115 shares of the communications equipment provider’s stock valued at $177,000 after purchasing an additional 944 shares during the last quarter. Legal & General Group Plc raised its position in Viasat by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 431,088 shares of the communications equipment provider’s stock valued at $6,294,000 after purchasing an additional 1,202 shares during the last quarter. Finally, AE Wealth Management LLC raised its position in Viasat by 9.4% during the 2nd quarter. AE Wealth Management LLC now owns 14,041 shares of the communications equipment provider’s stock valued at $205,000 after purchasing an additional 1,206 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

About Viasat

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.