Viasat Inc. (NASDAQ:VSAT) Given Average Recommendation of “Moderate Buy” by Analysts

Viasat Inc. (NASDAQ:VSAT) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $90.6667.

VSAT has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research report on Friday, July 17th. Morgan Stanley set a $95.00 price target on shares of Viasat in a report on Monday, August 10th. Wall Street Zen downgraded Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Oppenheimer started coverage on Viasat in a report on Monday, June 29th. They set an “outperform” rating and a $140.00 price objective for the company. Finally, Needham & Company LLC boosted their target price on Viasat from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th.

Insider Transactions at Viasat

In related news, Director Theresa Wise sold 2,500 shares of Viasat stock in a transaction on Monday, June 8th. The stock was sold at an average price of $69.00, for a total transaction of $172,500.00. Following the completion of the sale, the director owned 11,000 shares of the company’s stock, valued at approximately $759,000. This trade represents a 18.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark D. Dankberg sold 400,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $64.76, for a total value of $25,904,000.00. Following the transaction, the chief executive officer owned 1,082,196 shares of the company’s stock, valued at approximately $70,083,012.96. The trade was a 26.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 646,791 shares of company stock valued at $45,603,368. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viasat

Hedge funds and other institutional investors have recently modified their holdings of the company. Aberdeen Wealth Management LLC bought a new position in shares of Viasat during the 2nd quarter valued at about $30,000. Elevation Wealth Partners LLC boosted its stake in Viasat by 935.3% in the second quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock worth $32,000 after buying an additional 318 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Viasat in the 2nd quarter worth approximately $43,000. Trust Co. of Vermont purchased a new stake in shares of Viasat in the 2nd quarter valued at $46,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Viasat during the 1st quarter valued at $25,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Viasat Trading Up 5.0%

Shares of VSAT stock opened at $75.32 on Friday. Viasat has a 52-week low of $26.10 and a 52-week high of $93.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.52 and a current ratio of 1.68. The company has a 50-day simple moving average of $76.09 and a two-hundred day simple moving average of $65.11. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of -313.83 and a beta of 1.70.

Viasat Company Profile

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.