Viasat Inc. (NASDAQ:VSAT) Stock Has Average Price Target of $90.67

Viasat Inc. (NASDAQ:VSAT) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $90.67.

A number of equities analysts recently weighed in on VSAT shares. Wall Street Zen cut Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a research note on Thursday, October 15th. Morgan Stanley set a $95.00 target price on shares of Viasat in a report on Monday, August 10th. Needham & Company LLC lifted their target price on shares of Viasat from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Zacks Research raised shares of Viasat from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th.

Viasat Stock Performance

VSAT stock opened at $77.02 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.52 and a current ratio of 1.68. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of -320.92 and a beta of 1.76. Viasat has a 1 year low of $29.13 and a 1 year high of $93.03. The stock’s fifty day moving average is $70.26 and its two-hundred day moving average is $63.65.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Tuesday, August 4th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.20 billion. Viasat had a positive return on equity of 1.44% and a negative net margin of 0.64%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. On average, research analysts predict that Viasat will post -0.38 EPS for the current year.

Insider Transactions at Viasat

In other Viasat news, CFO Garrett L. Chase sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $58.86, for a total transaction of $235,440.00. Following the sale, the chief financial officer directly owned 47,534 shares of the company’s stock, valued at $2,797,851.24. The trade was a 7.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Benjamin Palmer sold 2,400 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $75.46, for a total value of $181,104.00. Following the completion of the sale, the senior vice president owned 21,159 shares of the company’s stock, valued at $1,596,658.14. The trade was a 10.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 257,656 shares of company stock worth $20,475,905. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Viasat

Hedge funds and other institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC grew its holdings in shares of Viasat by 11.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,187 shares of the communications equipment provider’s stock valued at $380,000 after acquiring an additional 617 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Viasat by 0.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 30,952 shares of the communications equipment provider’s stock worth $2,178,000 after acquiring an additional 129 shares during the last quarter. Vise Technologies Inc. increased its stake in shares of Viasat by 11.3% in the third quarter. Vise Technologies Inc. now owns 10,405 shares of the communications equipment provider’s stock worth $732,000 after acquiring an additional 1,058 shares during the last quarter. Choreo LLC raised its holdings in shares of Viasat by 61.8% during the third quarter. Choreo LLC now owns 4,704 shares of the communications equipment provider’s stock worth $331,000 after acquiring an additional 1,797 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its holdings in shares of Viasat by 2.6% during the third quarter. Hanseatic Management Services Inc. now owns 38,168 shares of the communications equipment provider’s stock worth $2,686,000 after acquiring an additional 985 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Company Profile

Viasat, Inc is a communications technology company that provides satellite-based connectivity and related services to commercial, government and consumer customers. The company’s offerings include high-speed broadband, satellite communications, network services and connectivity solutions designed for locations where terrestrial networks may be limited or unavailable.

Viasat serves the aviation, maritime, residential broadband, enterprise and government markets. Its services support in-flight internet for commercial and business aircraft, connectivity for ships and offshore operations, broadband access for homes and communities, and secure communications for government and defense customers.