BidaskClub upgraded shares of ViaSat (NASDAQ:VSAT) from a sell rating to a hold rating in a research report released on Friday, March 9th.
Several other research firms have also issued reports on VSAT. B. Riley reissued a buy rating and issued a $89.00 price target on shares of ViaSat in a research report on Thursday, November 9th. Needham & Company LLC raised shares of ViaSat from a hold rating to a buy rating and set a $78.00 price objective for the company in a report on Friday, November 10th. Zacks Investment Research cut shares of ViaSat from a strong-buy rating to a hold rating in a research note on Tuesday, November 14th. Royal Bank of Canada reissued an underperform rating and set a $46.00 price target (down from $48.00) on shares of ViaSat in a research note on Tuesday, November 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of ViaSat from $70.00 to $75.00 and gave the company a neutral rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $74.20.
Shares of VSAT stock opened at $72.80 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. ViaSat has a fifty-two week low of $57.75 and a fifty-two week high of $80.26. The stock has a market cap of $4,286.90, a price-to-earnings ratio of -102.54 and a beta of 0.84.
In other news, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $69.86, for a total transaction of $48,902.00. Following the transaction, the director now directly owns 10,300 shares in the company, valued at approximately $719,558. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey M. Nash sold 2,000 shares of ViaSat stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $72.65, for a total transaction of $145,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,487 shares of company stock worth $542,066. 7.70% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of VSAT. Sylebra HK Co Ltd acquired a new position in shares of ViaSat in the 4th quarter valued at approximately $36,697,000. Bridger Management LLC acquired a new position in shares of ViaSat in the 4th quarter valued at approximately $35,880,000. Partners Capital Investment Group LLP acquired a new position in shares of ViaSat in the 4th quarter valued at approximately $28,486,000. Fiduciary Management Inc. WI raised its position in shares of ViaSat by 78.2% in the 3rd quarter. Fiduciary Management Inc. WI now owns 779,160 shares of the communications equipment provider’s stock valued at $50,116,000 after buying an additional 341,875 shares in the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in shares of ViaSat in the 4th quarter valued at approximately $19,848,000. 99.42% of the stock is owned by hedge funds and other institutional investors.
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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