Viasat Inc. (NASDAQ:VSAT) Stock Has Average Price Target of $90.67 According to Analysts

Shares of Viasat Inc. (NASDAQ:VSAT) have received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $90.67.

VSAT has been the subject of a number of research reports. Wall Street Zen lowered Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Oppenheimer started coverage on shares of Viasat in a research note on Monday, June 29th. They issued an “outperform” rating and a $140.00 price objective for the company. Zacks Research upgraded shares of Viasat from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Needham & Company LLC upped their price objective on shares of Viasat from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley set a $95.00 target price on Viasat in a report on Monday, August 10th.

Insider Transactions at Viasat

In other Viasat news, SVP Benjamin Palmer sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $66.75, for a total value of $133,500.00. Following the completion of the transaction, the senior vice president directly owned 30,087 shares of the company’s stock, valued at approximately $2,008,307.25. The trade was a 6.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Garrett Chase sold 4,000 shares of Viasat stock in a transaction on Monday, September 21st. The shares were sold at an average price of $76.91, for a total value of $307,640.00. Following the completion of the sale, the chief financial officer directly owned 51,534 shares of the company’s stock, valued at $3,963,479.94. This trade represents a 7.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 243,763 shares of company stock worth $19,537,987. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc increased its stake in shares of Viasat by 4.0% in the third quarter. Versant Capital Management Inc now owns 5,140 shares of the communications equipment provider’s stock valued at $362,000 after buying an additional 200 shares during the period. Bullseye Investment Management LLC bought a new stake in Viasat in the second quarter valued at approximately $37,000. Sequoia Financial Advisors LLC acquired a new stake in Viasat during the 2nd quarter valued at approximately $222,000. Tidal Investments LLC raised its holdings in Viasat by 8,261.7% during the 2nd quarter. Tidal Investments LLC now owns 976,646 shares of the communications equipment provider’s stock worth $87,713,000 after purchasing an additional 964,966 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Viasat in the 2nd quarter worth approximately $281,000. 86.05% of the stock is currently owned by institutional investors.

Viasat Trading Up 2.3%

NASDAQ:VSAT opened at $72.00 on Wednesday. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of -300.00 and a beta of 1.76. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.52 and a current ratio of 1.68. Viasat has a 1 year low of $29.13 and a 1 year high of $93.03. The business has a fifty day moving average of $75.17 and a 200-day moving average of $68.84.

Viasat Company Profile

Viasat, Inc is a communications company that provides satellite connectivity and related services to commercial, government and consumer customers. Its offerings include broadband internet, in-flight connectivity, maritime communications, enterprise networking and secure communications for government and defense applications.

The company operates a fleet of communications satellites and develops supporting ground infrastructure, network services and connectivity equipment. Viasat serves customers across North America, Europe, the Middle East, Africa, Asia-Pacific and other international markets, including airlines, shipping companies, businesses, government agencies and households in areas where terrestrial broadband is limited.

Viasat was founded in 1986 and is headquartered in Carlsbad, California.