Viasat (NASDAQ:VSAT) Price Target Lowered to $9.00 at Barclays

Viasat (NASDAQ:VSAT) had its price target cut by Barclays from $24.00 to $9.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the communications equipment provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Bank of America cut their price objective on shares of Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. StockNews.com cut shares of Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. JPMorgan Chase & Co. cut shares of Viasat from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $29.00 to $15.00 in a research note on Tuesday, September 17th. Finally, Needham & Company LLC cut their price objective on shares of Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.33.

Viasat Trading Up 1.5 %

Shares of VSAT opened at $6.93 on Wednesday. Viasat has a 1 year low of $6.69 and a 1 year high of $29.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. The firm has a fifty day moving average of $10.71 and a 200-day moving average of $14.38.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.53). Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm posted ($6.16) EPS. The business’s revenue was down 8.4% compared to the same quarter last year. Equities analysts forecast that Viasat will post -2.38 earnings per share for the current year.

Institutional Investors Weigh In On Viasat

Hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI bought a new stake in Viasat in the third quarter worth about $27,000. Point72 Hong Kong Ltd acquired a new stake in Viasat during the 3rd quarter worth about $28,000. Quest Partners LLC acquired a new stake in Viasat during the 2nd quarter worth about $29,000. KBC Group NV raised its holdings in Viasat by 63.7% during the 3rd quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 1,021 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Viasat by 176.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 1,772 shares during the period. 86.05% of the stock is currently owned by institutional investors.

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.