Other equity research analysts have also published research reports on the company. Raymond James lowered his price target on Viasat from $62.00 to $58.00 and set an “outperform” rating for the company in a Friday, Feb. 4 research note. StockNews.com began covering Viasat in a research report on Thursday, March 31. They set a “holding” rating for the company. Finally, Needham & Company LLC lowered its price target on Viasat shares from $66.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday. Two analysts gave the stock a hold rating, two issued a buy rating and one issued a strong buy rating for the company’s stock. According to MarketBeat.com, the stock has a consensus buy rating and an average target price of $56.00.
Stock VSAT opened at $36.55 on Wednesday. Viasat has a 12-month low of $35.05 and a 12-month high of $68.76. The company has a market capitalization of $2.72 billion, a PE ratio of 126.03 and a beta of 1.18. The company has a quick ratio of 0.86, a current ratio of 1.31 and a debt ratio of 0.80. The stock has a 50-day simple moving average of $42.91 and a two-hundred-day simple moving average of $45.11.
Viasat (NASDAQ: VSAT – Get a rating) last released its quarterly earnings data on Wednesday, May 25. The communications equipment provider reported EPS of $0.06 for the quarter, beating the consensus estimate of ($0.06) by $0.12. Viasat had a net margin of 0.78% and a return on equity of 0.81%. The company posted revenue of $701.70 million in the quarter, compared to $724.40 million expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $0.11. Viasat’s revenue for the quarter increased 17.8% year on year. On average, equity research analysts expect Viasat to post 0.1 EPS for the current fiscal year.
Hedge funds have recently changed their stakes in the company. Meeder Asset Management Inc. bought a new position in Viasat in Q1 worth $26,000. Confluence Wealth Services Inc. bought a new stock position in Viasat during the fourth quarter worth approximately $38,000. San Luis Wealth Advisors LLC bought a new Viasat stock position in the first quarter worth about $43,000. Point72 Hong Kong Ltd bought a new stake in shares of Viasat in Q3, valued at around $65,000. Finally, Pinebridge Investments LP acquired a new stake in Viasat during the 1st quarter for a value of approximately $69,000. 83.19% of the shares are held by hedge funds and other institutional investors.
Viasat Company Profile (Get a rating)
Viasat, Inc provides broadband and communications products and services worldwide. The Company’s Satellite Services segment offers fixed broadband services via satellite, including high-speed Internet access and voice over Internet protocol services to consumers and businesses; in-flight entertainment, internet and aviation software services to commercial airlines; community internet services; mobile broadband services, including satellite internet services to power offshore vessels, cruise ships, consumer ferries and yachts; and advanced software and communications infrastructure services, which include ultra-secure IP connectivity solutions, bandwidth-optimized over-the-top applications, Internet of Things Industrial Big Data enablement and industry-leading machine learning analytics.
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