Brokerages Set Viasat, Inc. (NASDAQ:VSAT) Target Price at $38.17

Viasat, Inc. (NASDAQ:VSAT) has earned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $38.17.

Separately, Barclays cut their target price on shares of Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd.

Hedge Funds Weigh In On Viasat

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Viasat by 40.3% in the 3rd quarter. Vanguard Group Inc. now owns 11,897,337 shares of the communications equipment provider’s stock worth $219,625,000 after acquiring an additional 3,417,316 shares in the last quarter. Jump Financial LLC increased its stake in shares of Viasat by 696.1% during the third quarter. Jump Financial LLC now owns 121,311 shares of the communications equipment provider’s stock valued at $2,239,000 after purchasing an additional 106,073 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Viasat by 6.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,096 shares of the communications equipment provider’s stock valued at $14,807,000 after purchasing an additional 50,252 shares during the last quarter. Invesco Ltd. boosted its position in shares of Viasat by 68.0% in the 3rd quarter. Invesco Ltd. now owns 1,133,429 shares of the communications equipment provider’s stock worth $20,923,000 after purchasing an additional 458,959 shares in the last quarter. Finally, CI Investments Inc. purchased a new stake in shares of Viasat in the 3rd quarter worth approximately $120,000. Institutional investors own 86.05% of the company’s stock.

Viasat Stock Performance

NASDAQ VSAT opened at $15.68 on Friday. The company has a 50-day simple moving average of $18.40 and a two-hundred day simple moving average of $20.69. Viasat has a 12-month low of $15.02 and a 12-month high of $47.35. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 2.07 and a beta of 1.33. The company has a quick ratio of 2.46, a current ratio of 2.71 and a debt-to-equity ratio of 1.40.

Viasat (NASDAQ:VSAT) last released its earnings results on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.85). Viasat had a net margin of 6.01% and a return on equity of 4.52%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. On average, equities analysts forecast that Viasat will post -1.43 EPS for the current 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.