BidaskClub cut shares of ViaSat (NASDAQ:VSAT) from a buy rating to a hold rating in a research report sent to investors on Friday, January 5th.
A number of other research analysts have also issued reports on the stock. Needham & Company LLC upgraded shares of ViaSat from a hold rating to a buy rating and set a $78.00 target price on the stock in a report on Friday, November 10th. Royal Bank of Canada restated an underperform rating and issued a $46.00 target price (down from $48.00) on shares of ViaSat in a report on Tuesday, November 21st. Morgan Stanley started coverage on shares of ViaSat in a report on Friday, December 15th. They set an equal weight rating and a $78.00 price objective on the stock. Zacks Investment Research upgraded shares of ViaSat from a hold rating to a strong-buy rating and set a $75.00 price objective on the stock in a report on Monday, November 13th. Finally, Jefferies Group set a $67.00 price objective on shares of ViaSat and gave the stock a hold rating in a report on Sunday, September 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $73.75.
ViaSat (NASDAQ:VSAT) traded down $0.15 during trading hours on Friday, reaching $75.62. 372,061 shares of the company’s stock were exchanged, compared to its average volume of 300,646. The stock has a market cap of $4,467.38, a price-to-earnings ratio of -360.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.71 and a current ratio of 2.26. ViaSat has a 52 week low of $57.75 and a 52 week high of $80.26.
ViaSat (NASDAQ:VSAT) last released its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.07. The company had revenue of $393.10 million for the quarter, compared to analyst estimates of $401.83 million. ViaSat had a negative net margin of 0.75% and a positive return on equity of 0.13%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. equities analysts predict that ViaSat will post -0.98 earnings per share for the current year.
In related news, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $74.10, for a total value of $51,870.00. Following the transaction, the director now owns 10,300 shares in the company, valued at $763,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey M. Nash sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $72.26, for a total transaction of $144,520.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,700 shares of company stock worth $1,440,937. Insiders own 7.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ViaSat by 54.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the communications equipment provider’s stock valued at $210,000 after buying an additional 987 shares during the period. Cambiar Investors LLC acquired a new stake in ViaSat in the fourth quarter valued at approximately $340,000. SG Americas Securities LLC grew its position in ViaSat by 7.4% in the fourth quarter. SG Americas Securities LLC now owns 10,153 shares of the communications equipment provider’s stock valued at $760,000 after acquiring an additional 703 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in ViaSat in the fourth quarter valued at approximately $19,848,000. Finally, Schwab Charles Investment Management Inc. grew its position in ViaSat by 3.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 398,511 shares of the communications equipment provider’s stock valued at $29,829,000 after acquiring an additional 12,564 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.
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ViaSat Company Profile
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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