Viasat, Inc. (NASDAQ:VSAT) Given Average Recommendation of “Hold” by Brokerages

Viasat, Inc. (NASDAQ:VSAT) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.33.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Viasat from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Bank of America raised their price target on shares of Viasat from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Needham & Company LLC lowered their price target on shares of Viasat from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Barclays reduced their price objective on Viasat from $28.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Viasat from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, May 28th.

Institutional Trading of Viasat

A number of hedge funds and other institutional investors have recently made changes to their positions in VSAT. Signaturefd LLC raised its holdings in shares of Viasat by 303.6% during the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after buying an additional 759 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Viasat in the 4th quarter worth $37,000. TFO Wealth Partners LLC boosted its position in shares of Viasat by 11,033.3% during the fourth quarter. TFO Wealth Partners LLC now owns 1,670 shares of the communications equipment provider’s stock valued at $47,000 after buying an additional 1,655 shares during the last quarter. Tidemark LLC purchased a new position in shares of Viasat during the fourth quarter valued at approximately $72,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Viasat by 49.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,025 shares of the communications equipment provider’s stock worth $112,000 after buying an additional 1,335 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

Viasat Trading Down 0.9 %

Shares of Viasat stock opened at $15.85 on Friday. The firm has a market cap of $1.99 billion, a PE ratio of -1.81 and a beta of 1.36. Viasat has a 1 year low of $13.80 and a 1 year high of $47.00. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.68 and a quick ratio of 2.44. The stock has a fifty day moving average price of $16.70 and a 200-day moving average price of $20.15.

About Viasat

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.