Viasat, Inc. (NASDAQ:VSAT) Given Consensus Rating of “Hold” by Brokerages

Shares of Viasat, Inc. (NASDAQ:VSAT) have been assigned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $38.17.

Separately, Barclays decreased their price target on Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd.

Hedge Funds Weigh In On Viasat

Hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new position in Viasat during the second quarter worth about $36,000. Signaturefd LLC lifted its stake in Viasat by 303.6% in the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 759 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Viasat during the 2nd quarter worth approximately $48,000. GAMMA Investing LLC purchased a new stake in shares of Viasat in the fourth quarter valued at approximately $37,000. Finally, Captrust Financial Advisors increased its holdings in shares of Viasat by 29.2% in the second quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Stock Performance

NASDAQ VSAT opened at $15.56 on Friday. The business has a 50-day moving average price of $18.19 and a 200-day moving average price of $20.63. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 2.05 and a beta of 1.33. Viasat has a twelve month low of $15.02 and a twelve month high of $47.35. The company has a quick ratio of 2.46, a current ratio of 2.71 and a debt-to-equity ratio of 1.40.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.85). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Viasat had a net margin of 6.01% and a return on equity of 4.52%. As a group, equities research analysts predict that Viasat will post -1.43 EPS for the current fiscal year.

About Viasat

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.