Viasat (NASDAQ:VSAT) Shares Up 2.9%

Viasat, Inc. (NASDAQ:VSAT) shares were up 2.9% during mid-day trading on Wednesday . The stock traded as high as $15.82 and last traded at $15.80. Approximately 205,497 shares traded hands during trading, a decline of 81% from the average daily volume of 1,094,217 shares. The stock had previously closed at $15.35.

Wall Street Analyst Weigh In

Separately, Barclays decreased their target price on Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Viasat presently has an average rating of “Hold” and an average target price of $38.17.

Viasat Trading Up 0.7 %

The company has a current ratio of 2.71, a quick ratio of 2.46 and a debt-to-equity ratio of 1.40. The stock has a 50 day simple moving average of $18.11 and a 200-day simple moving average of $20.59. The firm has a market cap of $1.96 billion, a P/E ratio of 2.06 and a beta of 1.33.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Viasat had a return on equity of 4.52% and a net margin of 6.01%. On average, equities research analysts expect that Viasat, Inc. will post -1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Viasat

Institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in shares of 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 during the period. Quarry LP purchased a new position in shares of Viasat in the 2nd quarter worth approximately $36,000. GAMMA Investing LLC purchased a new position in shares of Viasat in the 4th quarter worth approximately $37,000. Captrust Financial Advisors boosted its holdings in shares of Viasat by 29.2% in the 2nd quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 297 shares during the period. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Viasat by 11,033.3% in the 4th quarter. TFO Wealth Partners LLC now owns 1,670 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 1,655 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.

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.