Viasat (NASDAQ:VSAT) Stock Price Down 3.8% – Should You Sell?

Viasat, Inc. (NASDAQ:VSAT) shares fell 3.8% on Friday . The company traded as low as $10.93 and last traded at $10.90. 473,071 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 2,775,145 shares. The stock had previously closed at $11.34.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VSAT. Cantor Fitzgerald began coverage on Viasat in a report on Friday, January 24th. They issued a “neutral” rating and a $12.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 target price on shares of Viasat in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, March 24th. Morgan Stanley dropped their target price on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, William Blair restated a “market perform” rating on shares of Viasat in a report on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.57.

Viasat Price Performance

The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $1.41 billion, a P/E ratio of -3.25 and a beta of 1.01. The company’s 50-day simple moving average is $9.45 and its 200 day simple moving average is $9.28.

Institutional Trading of Viasat

Several large investors have recently added to or reduced their stakes in the business. AlphaQuest LLC grew its position in Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Viasat by 75.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 1,267 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Viasat by 2.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 52,738 shares of the communications equipment provider’s stock worth $550,000 after buying an additional 1,494 shares during the period. MAI Capital Management boosted its holdings in shares of Viasat by 74.7% during the 1st quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 1,640 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of Viasat by 11.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,673 shares of the communications equipment provider’s stock worth $174,000 after buying an additional 1,700 shares during the period. 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.