ViaSat, Inc. (VSAT) Receives Average Rating of “Hold” from Brokerages
ViaSat, Inc. (NASDAQ:VSAT) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $68.57.
Several research analysts have recently commented on the stock. TheStreet raised shares of ViaSat from a “d+” rating to a “c-” rating in a report on Thursday, July 19th. Royal Bank of Canada set a $45.00 price target on shares of ViaSat and gave the company a “sell” rating in a report on Monday, June 11th. BidaskClub raised shares of ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. ValuEngine raised shares of ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Finally, Needham & Company LLC decreased their price target on shares of ViaSat from $74.00 to $70.00 and set a “buy” rating for the company in a report on Monday, August 13th.
In related news, Director John P. Stenbit sold 700 shares of ViaSat stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $65.21, for a total value of $45,647.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Richard A. Baldridge sold 31,700 shares of ViaSat stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $63.23, for a total transaction of $2,004,391.00. Following the completion of the sale, the chief operating officer now owns 61,700 shares in the company, valued at $3,901,291. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,500 shares of company stock worth $3,965,085. 8.10% of the stock is currently owned by insiders.
Shares of NASDAQ VSAT traded up $0.47 during midday trading on Wednesday, hitting $63.34. The company’s stock had a trading volume of 229,130 shares, compared to its average volume of 423,045. ViaSat has a 1-year low of $59.16 and a 1-year high of $80.26. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.37. The firm has a market capitalization of $3.74 billion, a PE ratio of -72.57 and a beta of 0.81.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Thursday, August 9th. The communications equipment provider reported ($0.57) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by ($0.07). ViaSat had a negative net margin of 5.58% and a negative return on equity of 3.97%. The business had revenue of $438.90 million during the quarter, compared to analyst estimates of $429.75 million. During the same period last year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. equities analysts forecast that ViaSat will post -1.66 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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