Viasat (NASDAQ:VSAT) Price Target Raised to $10.00 at Barclays

Viasat (NASDAQ:VSAT) had its target price upped by Barclays from $9.00 to $10.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the communications equipment provider’s stock.

VSAT has been the topic of several other reports. Needham & Company LLC reissued a “buy” rating and issued a $19.00 target price on shares of Viasat in a research report on Monday, February 10th. Morgan Stanley dropped their target price on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. StockNews.com raised Viasat from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Cantor Fitzgerald began coverage on Viasat in a research report on Friday, January 24th. They issued a “neutral” rating and a $12.00 target price on the stock. Finally, William Blair reissued a “market perform” rating on shares of Viasat in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.57.

Viasat Stock Performance

Viasat stock opened at $8.67 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. Viasat has a one year low of $6.69 and a one year high of $26.70. The stock has a market capitalization of $1.12 billion, a PE ratio of -2.58 and a beta of 1.35. The business’s fifty day moving average is $9.32 and its 200 day moving average is $10.99.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. On average, sell-side analysts predict that Viasat will post -0.54 EPS for the current year.

Insider Transactions at Viasat

In related news, EVP Mark J. Miller sold 3,564 shares of Viasat stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total transaction of $32,824.44. Following the sale, the executive vice president now owns 350,351 shares of the company’s stock, valued at approximately $3,226,732.71. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cpp Investment Board Private H sold 3,750,000 shares of Viasat stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $9.00, for a total value of $33,750,000.00. Following the sale, the insider now directly owns 4,795,334 shares in the company, valued at $43,158,006. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Viasat

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Viasat by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider’s stock valued at $117,216,000 after purchasing an additional 194,006 shares during the period. Neuberger Berman Group LLC increased its stake in Viasat by 16.1% in the 4th quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider’s stock worth $42,912,000 after acquiring an additional 700,533 shares during the last quarter. State Street Corp increased its stake in Viasat by 6.6% in the 3rd quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock worth $53,083,000 after acquiring an additional 276,376 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Viasat by 28.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock worth $52,766,000 after acquiring an additional 969,942 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Viasat by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider’s stock worth $29,950,000 after acquiring an additional 122,472 shares during the last quarter. 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.