Shares of ViaSat, Inc. (NASDAQ:VSAT) have received an average rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $68.57.
VSAT has been the topic of several recent analyst reports. ValuEngine upgraded ViaSat from a “hold” rating to a “buy” rating in a report on Friday, July 6th. BidaskClub upgraded ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. TheStreet upgraded ViaSat from a “d+” rating to a “c-” rating in a report on Thursday, July 19th. Needham & Company LLC reduced their price target on ViaSat from $74.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Finally, Barclays set a $50.00 price target on ViaSat and gave the stock a “sell” rating in a report on Monday, August 13th.
In related news, Director John P. Stenbit sold 700 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $70.22, for a total value of $49,154.00. Following the transaction, the director now owns 700 shares of the company’s stock, valued at $49,154. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey M. Nash sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $62.80, for a total value of $314,000.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $314,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,800 shares of company stock worth $2,580,179. Company insiders own 8.10% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Partners Capital Investment Group LLP grew its stake in ViaSat by 7.7% in the second quarter. Partners Capital Investment Group LLP now owns 437,707 shares of the communications equipment provider’s stock worth $28,766,000 after purchasing an additional 31,123 shares in the last quarter. Rhumbline Advisers grew its stake in ViaSat by 1.0% in the second quarter. Rhumbline Advisers now owns 104,858 shares of the communications equipment provider’s stock worth $6,891,000 after purchasing an additional 1,089 shares in the last quarter. Sei Investments Co. grew its stake in ViaSat by 78.6% in the second quarter. Sei Investments Co. now owns 20,120 shares of the communications equipment provider’s stock worth $1,322,000 after purchasing an additional 8,854 shares in the last quarter. Sylebra HK Co Ltd grew its stake in ViaSat by 158.6% in the second quarter. Sylebra HK Co Ltd now owns 1,304,806 shares of the communications equipment provider’s stock worth $85,752,000 after purchasing an additional 800,248 shares in the last quarter. Finally, Firsthand Capital Management Inc. grew its stake in ViaSat by 100.0% in the second quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the communications equipment provider’s stock worth $5,258,000 after purchasing an additional 40,000 shares in the last quarter.
VSAT stock traded down $0.90 during midday trading on Friday, reaching $61.20. 28,096 shares of the company traded hands, compared to its average volume of 342,832. ViaSat has a 52-week low of $59.16 and a 52-week high of $80.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.37 and a quick ratio of 0.88. The company has a market cap of $3.77 billion, a PE ratio of -72.65 and a beta of 0.81.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Thursday, August 9th. The communications equipment provider reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.07). ViaSat had a negative return on equity of 3.97% and a negative net margin of 5.58%. The business had revenue of $438.90 million during the quarter, compared to analysts’ expectations of $429.75 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts expect that ViaSat will post -1.66 EPS for the current year.
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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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