Shares of ViaSat, Inc. (NASDAQ:VSAT) have earned an average recommendation of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $69.71.
A number of equities analysts recently issued reports on the company. Raymond James upped their price target on ViaSat from $73.00 to $81.00 and gave the company a “positive” rating in a report on Friday, February 15th. Barclays reaffirmed a “sell” rating and issued a $66.00 price target on shares of ViaSat in a report on Wednesday, February 13th. BidaskClub raised ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Morgan Stanley upped their price target on ViaSat from $67.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, November 30th. Finally, Zacks Investment Research raised ViaSat from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Monday, February 4th.
VSAT stock opened at $77.29 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 1.44. ViaSat has a fifty-two week low of $55.93 and a fifty-two week high of $77.67. The company has a market cap of $4.67 billion, a P/E ratio of -89.87 and a beta of 0.90.
ViaSat (NASDAQ:VSAT) last released its earnings results on Thursday, February 7th. The communications equipment provider reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.24. ViaSat had a negative net margin of 4.62% and a negative return on equity of 4.60%. The firm had revenue of $554.69 million for the quarter, compared to analyst estimates of $487.99 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 45.3% compared to the same quarter last year. Analysts anticipate that ViaSat will post -1.43 EPS for the current year.
In related news, Director Jeffrey M. Nash sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey M. Nash sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $75.00, for a total value of $375,000.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $375,000. The disclosure for this sale can be found here. Insiders sold 140,401 shares of company stock valued at $10,278,629 over the last ninety days. 8.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in ViaSat by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 649,189 shares of the communications equipment provider’s stock worth $38,269,000 after buying an additional 66,470 shares during the last quarter. Norges Bank acquired a new position in shares of ViaSat in the 4th quarter valued at about $30,846,000. FMR LLC lifted its stake in shares of ViaSat by 134.3% in the 4th quarter. FMR LLC now owns 63,425 shares of the communications equipment provider’s stock valued at $3,739,000 after purchasing an additional 36,350 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of ViaSat by 6.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 170,431 shares of the communications equipment provider’s stock valued at $10,047,000 after purchasing an additional 10,496 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of ViaSat by 5.8% in the 4th quarter. Legal & General Group Plc now owns 68,775 shares of the communications equipment provider’s stock valued at $4,054,000 after purchasing an additional 3,746 shares in the last quarter.
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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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