Viasat’s (VSAT) “Market Perform” Rating Reaffirmed at William Blair

William Blair reaffirmed their market perform rating on shares of Viasat (NASDAQ:VSAT) in a research report report published on Friday,RTT News reports.

Several other equities analysts have also commented on the stock. Cantor Fitzgerald assumed coverage on shares of Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of Viasat in a research note on Tuesday, January 21st. Barclays decreased their price target on Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Finally, Morgan Stanley reduced their target price on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.43.

Viasat Stock Performance

VSAT opened at $11.38 on Friday. Viasat has a 52 week low of $6.69 and a 52 week high of $26.70. 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 50-day simple moving average of $9.33 and a two-hundred day simple moving average of $11.95.

Viasat (NASDAQ:VSAT) last released its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share 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 8.28%. Equities analysts predict that Viasat will post -2.78 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Mark J. Miller sold 3,564 shares of Viasat stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.21, for a total value of $32,824.44. Following the completion of the sale, the executive vice president now directly owns 350,351 shares in the company, valued at $3,226,732.71. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Viasat

Several large investors have recently modified their holdings of VSAT. Steward Partners Investment Advisory LLC raised its stake in Viasat by 75.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 1,267 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Viasat in the 3rd quarter valued at $27,000. Point72 Hong Kong Ltd bought a new position in shares of Viasat in the 3rd quarter worth $28,000. KBC Group NV lifted its stake in shares of 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 purchasing an additional 1,021 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Viasat during the fourth quarter valued at about $31,000. Institutional investors own 86.05% of the company’s stock.

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.