Begins Coverage on Viasat (NASDAQ:VSAT) assumed coverage on shares of Viasat (NASDAQ:VSATGet Rating) in a report issued on Thursday. The firm issued a sell rating on the communications equipment provider’s stock.

VSAT has been the subject of several other research reports. William Blair downgraded Viasat from an outperform rating to a market perform rating in a report on Thursday, January 26th. Morgan Stanley upped their price objective on Viasat from $36.00 to $37.00 and gave the company an equal weight rating in a research note on Tuesday, February 7th. Barclays reduced their price objective on Viasat from $41.00 to $39.00 and set an equal weight rating for the company in a research note on Wednesday, February 15th. Finally, Needham & Company LLC restated a buy rating and issued a $44.00 price objective on shares of Viasat in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to, Viasat currently has an average rating of Hold and an average price target of $53.60.

Viasat Stock Performance

Shares of Viasat stock opened at $34.65 on Thursday. The stock has a fifty day simple moving average of $34.51 and a 200 day simple moving average of $34.70. Viasat has a 12-month low of $25.38 and a 12-month high of $50.59. The company has a current ratio of 1.47, a quick ratio of 1.16 and a debt-to-equity ratio of 1.11.

Insider Activity

In other news, EVP Keven K. Lippert sold 2,700 shares of the company’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $35.00, for a total transaction of $94,500.00. Following the transaction, the executive vice president now owns 11,624 shares of the company’s stock, valued at approximately $406,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 8,400 shares of company stock valued at $281,433 in the last 90 days. Insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC purchased a new position in Viasat during the fourth quarter valued at $29,000. Captrust Financial Advisors grew its stake in shares of Viasat by 29.2% during the second quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 297 shares during the last quarter. Ronald Blue Trust Inc. bought a new position in Viasat in the second quarter worth approximately $48,000. CI Investments Inc. lifted its holdings in Viasat by 522.5% during the second quarter. CI Investments Inc. now owns 1,606 shares of the communications equipment provider’s stock worth $49,000 after buying an additional 1,348 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in Viasat during the first quarter worth $85,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Viasat Company Profile

(Get Rating)

ViaSat, Inc provides communications technologies and services. It operates through following segments: Satellite Services, Commercial Networks and Government Systems. The Satellite Services segment provides satellite-based high-speed broadband services with multiple applications to consumers, enterprises, and mobile broadband customers (including commercial airlines and maritime vessels) both in the United States and abroad.

See Also

Analyst Recommendations for Viasat (NASDAQ:VSAT)

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