ViaSat, Inc. (NASDAQ:VSAT) has earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $73.64.

Several equities research analysts have weighed in on the company. BidaskClub cut ViaSat from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Zacks Investment Research cut ViaSat from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Morgan Stanley assumed coverage on ViaSat in a research note on Friday, December 15th. They set an “equal weight” rating and a $78.00 price objective on the stock. Royal Bank of Canada reissued an “underperform” rating and set a $46.00 price objective (down from $48.00) on shares of ViaSat in a research note on Tuesday, November 21st. Finally, Needham & Company LLC raised ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday, November 10th.

Shares of ViaSat (NASDAQ:VSAT) opened at $70.80 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.71. ViaSat has a twelve month low of $57.75 and a twelve month high of $80.26. The stock has a market capitalization of $4,120.00, a PE ratio of -354.00 and a beta of 0.79.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The company had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $401.83 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. research analysts anticipate that ViaSat will post -0.98 EPS for the current fiscal year.

In other news, Director John P. Stenbit sold 700 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $74.10, for a total transaction of $51,870.00. Following the transaction, the director now owns 10,300 shares of the company’s stock, valued at $763,230. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John P. Stenbit sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $74.86, for a total value of $59,888.00. Following the transaction, the director now directly owns 10,400 shares in the company, valued at approximately $778,544. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,700 shares of company stock worth $1,440,937. Insiders own 7.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of ViaSat by 1,936.1% during the second quarter. JPMorgan Chase & Co. now owns 12,135 shares of the communications equipment provider’s stock valued at $803,000 after buying an additional 11,539 shares during the last quarter. ThornTree Capital Partners LP grew its stake in shares of ViaSat by 12.3% during the third quarter. ThornTree Capital Partners LP now owns 259,700 shares of the communications equipment provider’s stock valued at $16,704,000 after buying an additional 28,500 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of ViaSat by 48.2% during the third quarter. Mutual of America Capital Management LLC now owns 135,609 shares of the communications equipment provider’s stock valued at $8,722,000 after buying an additional 44,092 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in shares of ViaSat by 3.9% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 110,785 shares of the communications equipment provider’s stock valued at $7,126,000 after buying an additional 4,165 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of ViaSat by 46.7% during the second quarter. Wells Fargo & Company MN now owns 86,591 shares of the communications equipment provider’s stock valued at $5,732,000 after buying an additional 27,545 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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ViaSat Company Profile

ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.

Analyst Recommendations for ViaSat (NASDAQ:VSAT)

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