Viasat Inc. (NASDAQ:VSAT) Stock Has Consensus Price Target of $90.67 According to Brokerages

Shares of Viasat Inc. (NASDAQ:VSAT) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $90.67.

Several equities research analysts recently issued reports on the company. Morgan Stanley set a $95.00 price objective on Viasat in a research note on Monday, August 10th. Zacks Research raised Viasat from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research note on Thursday, October 15th. Needham & Company LLC upped their price target on shares of Viasat from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Oppenheimer assumed coverage on shares of Viasat in a research report on Monday, June 29th. They set an “outperform” rating and a $140.00 target price for the company.

Insider Transactions at Viasat

In related news, Director Richard Baldridge sold 223,542 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $80.62, for a total transaction of $18,021,956.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Garrett Chase sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $58.86, for a total value of $235,440.00. Following the transaction, the chief financial officer owned 47,534 shares of the company’s stock, valued at $2,797,851.24. This represents a 7.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 257,656 shares of company stock valued at $20,475,905. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viasat

Several hedge funds have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC increased its position in shares of Viasat by 54.2% during the third quarter. Fifth Third Wealth Advisors LLC now owns 3,607 shares of the communications equipment provider’s stock worth $254,000 after acquiring an additional 1,268 shares during the period. Inspire Investing LLC raised its position in shares of Viasat by 72.9% in the 3rd quarter. Inspire Investing LLC now owns 13,396 shares of the communications equipment provider’s stock worth $943,000 after acquiring an additional 5,647 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Viasat during the 3rd quarter worth $38,000. Crossmark Global Holdings Inc. lifted its stake in shares of Viasat by 34.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,766 shares of the communications equipment provider’s stock worth $476,000 after purchasing an additional 1,722 shares during the last quarter. Finally, SummerHaven Investment Management LLC bought a new stake in Viasat during the third quarter valued at about $3,607,000. Institutional investors own 86.05% of the company’s stock.

Viasat Stock Performance

NASDAQ VSAT opened at $61.47 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.68 and a quick ratio of 1.52. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of -256.12 and a beta of 1.76. The company has a fifty day moving average price of $70.53 and a 200-day moving average price of $70.56. Viasat has a 1 year low of $29.13 and a 1 year high of $93.03.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Tuesday, August 4th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Viasat had a positive return on equity of 1.44% and a negative net margin of 0.64%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company earned $0.17 EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities research analysts predict that Viasat will post -0.38 EPS for the current fiscal year.

About Viasat

Viasat, Inc is a communications technology company that provides satellite-based connectivity and related services to commercial, government and consumer customers. The company’s offerings include high-speed broadband, satellite communications, network services and connectivity solutions designed for locations where terrestrial networks may be limited or unavailable.

Viasat serves the aviation, maritime, residential broadband, enterprise and government markets. Its services support in-flight internet for commercial and business aircraft, connectivity for ships and offshore operations, broadband access for homes and communities, and secure communications for government and defense customers.