Viasat (NASDAQ:VSAT) Shares Up 8.3%

Shares of Viasat, Inc. (NASDAQ:VSAT) were up 8.3% during trading on Tuesday . The company traded as high as $13.67 and last traded at $13.63. Approximately 447,864 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 1,421,526 shares. The stock had previously closed at $12.58.

Wall Street Analysts Forecast Growth

VSAT has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of Viasat from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft lowered their price target on Viasat from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, May 28th. JPMorgan Chase & Co. cut their price objective on Viasat from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of Viasat in a research report on Monday, June 17th. Finally, Morgan Stanley decreased their target price on Viasat from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.17.

Viasat Stock Up 9.6 %

The company has a market capitalization of $1.74 billion, a PE ratio of -1.53 and a beta of 1.37. The company has a current ratio of 2.68, a quick ratio of 2.44 and a debt-to-equity ratio of 1.41. The business has a fifty day moving average of $15.69 and a 200 day moving average of $19.10.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings data on Tuesday, May 21st. The communications equipment provider reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.12). Viasat had a negative net margin of 24.95% and a negative return on equity of 19.76%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Equities research analysts anticipate that Viasat, Inc. will post -1.46 EPS for the current year.

Institutional Trading of Viasat

Several hedge funds have recently modified their holdings of VSAT. Signaturefd LLC increased its position in shares of Viasat by 303.6% in the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 759 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Viasat in the fourth quarter valued at $37,000. TFO Wealth Partners LLC lifted its holdings in Viasat by 11,033.3% during the 4th quarter. TFO Wealth Partners LLC now owns 1,670 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 1,655 shares during the last quarter. Tidemark LLC purchased a new stake in Viasat during the fourth quarter worth approximately $72,000. Finally, Headlands Technologies LLC acquired a new position in Viasat in the first quarter valued at approximately $86,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

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.