Viasat (NASDAQ:VSAT) Stock Price Up 5% – Here’s Why

Viasat, Inc. (NASDAQ:VSAT)’s share price was up 5% on Thursday . The stock traded as high as $10.98 and last traded at $11.05. Approximately 152,808 shares were traded during trading, a decline of 94% from the average daily volume of 2,765,061 shares. The stock had previously closed at $10.52.

Analyst Ratings Changes

Several analysts have recently weighed in on VSAT shares. StockNews.com upgraded shares of Viasat from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Morgan Stanley lowered their price objective on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Cantor Fitzgerald started coverage on shares of Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 target price on shares of Viasat in a research report on Monday, February 10th. Finally, Barclays lifted their target price on shares of Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Viasat currently has an average rating of “Hold” and an average target price of $14.57.

Viasat Price Performance

The business’s 50-day simple moving average is $9.45 and its 200-day simple moving average is $9.29. The stock has a market cap of $1.41 billion, a PE ratio of -3.25 and a beta of 1.01. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35.

Hedge Funds Weigh In On Viasat

A number of hedge funds have recently modified their holdings of the company. AlphaQuest LLC boosted its stake in shares of Viasat by 39.0% during the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Viasat by 75.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 1,267 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Viasat by 2.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 52,738 shares of the communications equipment provider’s stock valued at $550,000 after purchasing an additional 1,494 shares in the last quarter. MAI Capital Management boosted its stake in shares of Viasat by 74.7% during the 1st quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 1,640 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Viasat by 11.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,673 shares of the communications equipment provider’s stock valued at $174,000 after purchasing an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

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 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.