Viasat, Inc. (NASDAQ:VSAT) Given Average Rating of “Moderate Buy” by Brokerages

Viasat, Inc. (NASDAQ:VSAT) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $25.17.

A number of analysts have weighed in on VSAT shares. Bank of America increased their price target on shares of Viasat from $24.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Morgan Stanley decreased their price target on shares of Viasat from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 18th. Barclays dropped their price objective on shares of Viasat from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 5th. JPMorgan Chase & Co. lowered their target price on shares of Viasat from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of Viasat in a research note on Monday, June 17th.

Hedge Funds Weigh In On Viasat

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Viasat by 25.7% during the second quarter. Bank of New York Mellon Corp now owns 796,368 shares of the communications equipment provider’s stock worth $10,114,000 after buying an additional 162,804 shares in the last quarter. IMA Advisory Services Inc. raised its position in Viasat by 3.1% in the 2nd quarter. IMA Advisory Services Inc. now owns 40,775 shares of the communications equipment provider’s stock valued at $518,000 after purchasing an additional 1,223 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Viasat by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 37,800 shares of the communications equipment provider’s stock worth $480,000 after purchasing an additional 600 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Viasat during the second quarter worth $67,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Viasat in the second quarter valued at $293,000. 86.05% of the stock is owned by institutional investors.

Viasat Stock Up 7.8 %

Shares of Viasat stock opened at $20.35 on Monday. Viasat has a 12-month low of $11.76 and a 12-month high of $31.83. The company has a quick ratio of 2.44, a current ratio of 2.68 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average price of $15.23 and a two-hundred day moving average price of $17.65. The stock has a market capitalization of $2.56 billion, a P/E ratio of -2.32 and a beta of 1.37.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings data on Tuesday, May 21st. The communications equipment provider reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.12). Viasat had a negative return on equity of 19.76% and a negative net margin of 24.95%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.11 billion. Equities analysts expect that Viasat will post -1.46 earnings per share for the current year.

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.