ViaSat, Inc. (NASDAQ:VSAT) Given Average Recommendation of “Buy” by Analysts
Shares of ViaSat, Inc. (NASDAQ:VSAT) have been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $96.99.
VSAT has been the topic of a number of research analyst reports. Raymond James reaffirmed an “outperform” rating and set a $36.00 price target on shares of Zymeworks in a research report on Thursday, May 30th. Bank of America reaffirmed a “buy” rating and set a $25.00 price target on shares of Infineon Technologies in a research report on Monday, June 3rd. Zacks Investment Research raised Gerdau from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. B. Riley reaffirmed a “buy” rating on shares of Skechers USA in a research report on Friday, April 26th. Finally, Needham & Company LLC raised their price target on ViaSat from $78.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, May 24th.
In related news, insider Toro Melinda Michele Del sold 6,250 shares of ViaSat stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.14, for a total value of $563,375.00. Following the sale, the insider now owns 9,306 shares of the company’s stock, valued at approximately $838,842.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John P. Stenbit sold 1,250 shares of ViaSat stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $83.79, for a total value of $104,737.50. Following the completion of the sale, the director now directly owns 2,850 shares in the company, valued at approximately $238,801.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 424,528 shares of company stock worth $38,124,709. 8.10% of the stock is currently owned by insiders.
ViaSat stock traded down $1.88 during mid-day trading on Tuesday, hitting $81.29. The stock had a trading volume of 260,799 shares, compared to its average volume of 733,364. The firm’s 50-day moving average is $85.18. The firm has a market cap of $4.93 billion, a PE ratio of -71.94 and a beta of 0.85. ViaSat has a 12 month low of $55.93 and a 12 month high of $97.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.83 and a quick ratio of 1.34.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Thursday, May 23rd. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.29. ViaSat had a negative return on equity of 3.47% and a negative net margin of 3.27%. The business had revenue of $557.20 million for the quarter, compared to analysts’ expectations of $538.73 million. During the same quarter last year, the business earned ($0.34) earnings per share. The firm’s quarterly revenue was up 26.7% compared to the same quarter last year. Research analysts forecast that ViaSat will post -0.1 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 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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