Viasat Inc. (NASDAQ:VSAT) Receives $45.86 Average Price Target from Analysts

Viasat Inc. (NASDAQ:VSAT) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $45.8571.

A number of equities research analysts have recently issued reports on VSAT shares. JPMorgan Chase & Co. raised shares of Viasat from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $23.00 to $50.00 in a research report on Tuesday, November 11th. Raymond James Financial raised shares of Viasat from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a report on Monday, November 10th. William Blair restated an “outperform” rating on shares of Viasat in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $48.00 in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research report on Wednesday, January 21st.

Viasat Price Performance

Shares of NASDAQ VSAT opened at $46.50 on Tuesday. The firm has a market cap of $6.32 billion, a P/E ratio of -17.95 and a beta of 1.47. The business’s 50 day moving average is $41.07 and its 200-day moving average is $35.67. The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35. Viasat has a 1-year low of $7.36 and a 1-year high of $49.68.

Insider Buying and Selling

In other Viasat news, CEO Mark D. Dankberg sold 200,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $35.09, for a total value of $7,018,000.00. Following the transaction, the chief executive officer directly owned 1,534,993 shares of the company’s stock, valued at $53,862,904.37. This trade represents a 11.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Shawn Lynn Duffy sold 51,480 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $36.38, for a total transaction of $1,872,842.40. Following the completion of the transaction, the chief accounting officer owned 6,021 shares of the company’s stock, valued at $219,043.98. The trade was a 89.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 354,290 shares of company stock worth $13,059,722. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in Viasat during the third quarter worth $25,000. Salomon & Ludwin LLC bought a new stake in shares of Viasat during the 3rd quarter worth $28,000. Hantz Financial Services Inc. lifted its position in shares of Viasat by 6,815.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Viasat in the fourth quarter valued at about $36,000. Finally, Los Angeles Capital Management LLC acquired a new position in Viasat during the fourth quarter worth about $38,000. 86.05% of the stock is owned by institutional investors.

About Viasat

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.