Viasat (NASDAQ:VSAT) Sets New 52-Week High – Should You Buy?

Shares of Viasat Inc. (NASDAQ:VSAT) reached a new 52-week high on Wednesday . The company traded as high as $67.24 and last traded at $66.7550, with a volume of 450356 shares changing hands. The stock had previously closed at $65.57.

Wall Street Analyst Weigh In

A number of research firms recently commented on VSAT. Needham & Company LLC increased their price target on Viasat from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, March 27th. B. Riley Financial upped their target price on shares of Viasat from $52.00 to $94.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a “hold” rating to a “buy” rating and increased their target price for the company from $36.00 to $48.00 in a report on Friday, February 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. Finally, Barclays raised shares of Viasat from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $23.00 to $49.00 in a research report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.57.

Viasat Stock Up 5.5%

The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $9.51 billion, a P/E ratio of -27.03 and a beta of 1.66. The stock’s 50-day moving average price is $53.13 and its two-hundred day moving average price is $43.95.

Insiders Place Their Bets

In related news, SVP Benjamin Edward Palmer sold 2,400 shares of Viasat stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.21, for a total value of $110,904.00. Following the completion of the sale, the senior vice president owned 25,431 shares of the company’s stock, valued at approximately $1,175,166.51. This trade represents a 8.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert James Blair sold 30,411 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $47.04, for a total value of $1,430,533.44. Following the completion of the sale, the senior vice president owned 38,108 shares in the company, valued at $1,792,600.32. This represents a 44.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,071 shares of company stock valued at $1,804,437 over the last ninety days. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Viasat

Large investors have recently modified their holdings of the business. Quent Capital LLC bought a new position in Viasat in the 3rd quarter worth approximately $25,000. Valued Wealth Advisors LLC bought a new stake in Viasat during the 1st quarter valued at $25,000. Hantz Financial Services Inc. lifted its position in shares of Viasat by 6,815.4% during the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 886 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Viasat in the fourth quarter worth $36,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Viasat in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

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.