Viasat, Inc. (NASDAQ:VSAT – Get Free Report) saw unusually large options trading on Wednesday. Traders bought 4,237 put options on the company. This represents an increase of 82% compared to the average volume of 2,322 put options.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on VSAT shares. Bank of America boosted their target price 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 reduced their target price on shares of Viasat from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, May 28th. JPMorgan Chase & Co. reduced their target price on Viasat from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Needham & Company LLC reissued a “buy” rating and issued a $28.00 target price on shares of Viasat in a research report on Monday, June 17th. Finally, Barclays reduced their target price on Viasat from $28.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Viasat currently has an average rating of “Hold” and a consensus target price of $25.17.
Check Out Our Latest Research Report on VSAT
Hedge Funds Weigh In On Viasat
Viasat Stock Performance
Shares of VSAT traded down $0.10 during midday trading on Wednesday, hitting $16.64. 871,780 shares of the stock traded hands, compared to its average volume of 1,612,173. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.78 and a current ratio of 3.08. Viasat has a 1-year low of $11.76 and a 1-year high of $31.83. The business’s 50 day moving average price is $15.98 and its two-hundred day moving average price is $17.29. The firm has a market capitalization of $2.09 billion, a PE ratio of -1.91 and a beta of 1.36.
Viasat (NASDAQ:VSAT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Viasat had a negative return on equity of 19.76% and a negative net margin of 22.13%. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period last year, the company earned ($0.83) earnings per share. Equities research analysts predict that Viasat will post -1.46 EPS for the current fiscal year.
About Viasat
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.
Featured Articles
- Five stocks we like better than Viasat
- Health Care Stocks Explained: Why You Might Want to Invest
- Defying the Market: 3 Mega-Cap Stocks Soaring to New Highs
- Stock Market Sectors: What Are They and How Many Are There?
- Microsoft Stock: Is Now The Time To Be Greedy?
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- How to Invest in Mutual Funds
Receive News & Ratings for Viasat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viasat and related companies with MarketBeat.com's FREE daily email newsletter.