BidaskClub lowered shares of ViaSat (NASDAQ:VSAT) from a buy rating to a hold rating in a research report released on Friday, January 5th.
A number of other equities research analysts have also recently issued reports on VSAT. Jefferies Group set a $67.00 target price on ViaSat and gave the stock a hold rating in a research report on Sunday, September 10th. Royal Bank of Canada cut their price target on ViaSat from $50.00 to $48.00 and set an underperform rating for the company in a report on Thursday, October 5th. Zacks Investment Research upgraded ViaSat from a sell rating to a hold rating in a report on Wednesday, October 25th. B. Riley reiterated a buy rating and set a $89.00 price target on shares of ViaSat in a report on Thursday, November 9th. Finally, Needham & Company LLC upgraded ViaSat from a hold rating to a buy rating and set a $78.00 target price for the company in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $73.75.
ViaSat (NASDAQ VSAT) traded up $0.64 during trading hours on Friday, reaching $76.44. The company’s stock had a trading volume of 193,000 shares, compared to its average volume of 268,689. The company has a current ratio of 2.26, a quick ratio of 1.71 and a debt-to-equity ratio of 0.37. ViaSat has a 52 week low of $57.75 and a 52 week high of $76.69. The stock has a market cap of $4,451.65, a PE ratio of -364.00 and a beta of 0.78.
In related news, insider Keven K. Lippert sold 1,200 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $69.20, for a total value of $83,040.00. Following the transaction, the insider now owns 2,949 shares in the company, valued at $204,070.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $65.40, for a total value of $45,780.00. Following the completion of the transaction, the director now owns 10,300 shares in the company, valued at approximately $673,620. The disclosure for this sale can be found here. Insiders have sold 20,400 shares of company stock valued at $1,486,717 over the last quarter. Corporate insiders own 7.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Disciplined Growth Investors Inc. MN lifted its stake in ViaSat by 109.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,148,694 shares of the communications equipment provider’s stock valued at $76,044,000 after buying an additional 599,752 shares during the period. Hood River Capital Management LLC acquired a new position in ViaSat in the second quarter valued at about $29,147,000. Fiduciary Management Inc. WI acquired a new position in ViaSat in the second quarter valued at about $28,948,000. Odey Asset Management Group Ltd lifted its stake in ViaSat by 23.2% in the second quarter. Odey Asset Management Group Ltd now owns 2,148,954 shares of the communications equipment provider’s stock valued at $142,261,000 after buying an additional 404,251 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in ViaSat in the second quarter valued at about $18,403,000.
TRADEMARK VIOLATION WARNING: This report was published by BBNS and is the property of of BBNS. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://baseballnewssource.com/markets/viasat-vsat-downgraded-by-bidaskclub/1817553.html.
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.
Receive News & Ratings for ViaSat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat and related companies with MarketBeat.com's FREE daily email newsletter.