Viasat, Inc. (NASDAQ:VSAT – Get Free Report) gapped down prior to trading on Thursday after Barclays lowered their price target on the stock from $28.00 to $24.00. The stock had previously closed at $15.99, but opened at $15.62. Barclays currently has an equal weight rating on the stock. Viasat shares last traded at $15.64, with a volume of 87,061 shares.
Several other research analysts also recently issued reports on VSAT. JPMorgan Chase & Co. dropped their target price on shares of Viasat from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Bank of America upped their target price on shares of Viasat from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Needham & Company LLC lowered their price objective on shares of Viasat from $35.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Viasat from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Viasat has an average rating of “Hold” and a consensus price target of $26.33.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. raised its position in shares of Viasat by 24.0% during the 3rd quarter. Victory Capital Management Inc. now owns 16,145 shares of the communications equipment provider’s stock valued at $298,000 after purchasing an additional 3,126 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Viasat by 10.3% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,077 shares of the communications equipment provider’s stock valued at $444,000 after purchasing an additional 2,239 shares during the period. Arizona State Retirement System raised its position in shares of Viasat by 9.8% during the 3rd quarter. Arizona State Retirement System now owns 17,661 shares of the communications equipment provider’s stock valued at $326,000 after purchasing an additional 1,572 shares during the period. Amalgamated Bank raised its position in shares of Viasat by 44.0% during the 3rd quarter. Amalgamated Bank now owns 49,175 shares of the communications equipment provider’s stock valued at $908,000 after purchasing an additional 15,035 shares during the period. Finally, Swiss National Bank raised its position in shares of Viasat by 9.3% during the 3rd quarter. Swiss National Bank now owns 136,324 shares of the communications equipment provider’s stock valued at $2,517,000 after purchasing an additional 11,600 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.
Viasat Stock Down 0.9 %
The stock has a market capitalization of $1.99 billion, a P/E ratio of -1.81 and a beta of 1.36. The company’s 50-day moving average price is $16.70 and its 200 day moving average price is $20.15. The company has a debt-to-equity ratio of 1.41, a quick ratio of 2.44 and a current ratio of 2.68.
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.