Jefferies Group LLC set a $67.00 price objective on ViaSat, Inc. (NASDAQ:VSAT) in a research note issued to investors on Sunday, September 10th. The firm currently has a hold rating on the communications equipment provider’s stock. Jefferies Group also issued estimates for ViaSat’s FY2020 earnings at $2.59 EPS and FY2021 earnings at $3.58 EPS.
Several other research analysts have also recently weighed in on VSAT. B. Riley restated a buy rating and issued a $89.00 price objective on shares of ViaSat in a research report on Friday, May 19th. Wells Fargo & Company set a $96.00 price target on shares of ViaSat and gave the company a buy rating in a research report on Wednesday, May 24th. TheStreet upgraded shares of ViaSat from a c rating to a b- rating in a research report on Tuesday, May 23rd. Zacks Investment Research cut shares of ViaSat from a hold rating to a sell rating in a research report on Friday, May 26th. Finally, Royal Bank Of Canada set a $50.00 price target on shares of ViaSat and gave the company a sell rating in a research report on Saturday, May 27th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. ViaSat has an average rating of Hold and an average target price of $74.82.
Shares of ViaSat (NASDAQ:VSAT) opened at 63.43 on Friday. ViaSat has a 52-week low of $57.75 and a 52-week high of $82.19. The company’s 50-day moving average is $62.04 and its 200 day moving average is $64.59. The firm has a market capitalization of $3.68 billion, a P/E ratio of 274.59 and a beta of 0.69.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). The company had revenue of $380.00 million during the quarter, compared to the consensus estimate of $384.29 million. ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. Analysts expect that ViaSat will post $0.05 EPS for the current fiscal year.
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In other news, Director Jeffrey M. Nash sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $61.91, for a total value of $123,820.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruce Leroy Dirks bought 1,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $59.78 per share, for a total transaction of $59,780.00. The disclosure for this purchase can be found here. Insiders sold 120,350 shares of company stock worth $7,423,509 in the last 90 days. Company insiders own 7.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Neuburgh Advisers LLC lifted its stake in ViaSat by 20.5% in the first quarter. Neuburgh Advisers LLC now owns 1,600 shares of the communications equipment provider’s stock worth $102,000 after acquiring an additional 272 shares during the period. Quantbot Technologies LP purchased a new stake in ViaSat in the first quarter worth $105,000. PNC Financial Services Group Inc. lifted its stake in ViaSat by 9.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock worth $105,000 after acquiring an additional 131 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ViaSat by 13.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock worth $121,000 after acquiring an additional 216 shares during the period. Finally, Glen Harbor Capital Management LLC lifted its stake in ViaSat by 20.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,200 shares of the communications equipment provider’s stock worth $140,000 after acquiring an additional 374 shares during the period. 99.42% of the stock is owned by institutional investors.
ViaSat Company Profile
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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