Viasat, Inc. (NASDAQ:VSAT – Get Free Report) fell 3.7% during mid-day trading on Tuesday . The company traded as low as $18.74 and last traded at $18.81. 74,682 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 1,093,236 shares. The stock had previously closed at $19.54.
Wall Street Analyst Weigh In
Separately, Barclays decreased their target price on Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Viasat presently has a consensus rating of “Hold” and an average target price of $38.17.
Viasat Trading Down 4.9 %
The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 2.46 and a beta of 1.34. The company has a quick ratio of 2.46, a current ratio of 2.71 and a debt-to-equity ratio of 1.40. The business has a 50-day moving average of $21.95 and a 200-day moving average of $21.85.
Viasat (NASDAQ:VSAT – Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share (EPS) 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 firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. As a group, research analysts forecast that Viasat, Inc. will post -1.43 earnings per share for the current year.
Institutional Trading of Viasat
A number of institutional investors and hedge funds have recently made changes to their positions in VSAT. Signaturefd LLC increased its stake in shares of Viasat by 303.6% in the fourth quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 759 shares during the period. C M Bidwell & Associates Ltd. bought a new position in Viasat during the second quarter valued at about $35,000. Quarry LP bought a new position in Viasat during the second quarter valued at about $36,000. GAMMA Investing LLC bought a new position in Viasat during the fourth quarter valued at about $37,000. Finally, Quadrant Capital Group LLC increased its stake in Viasat by 138.7% during the second quarter. Quadrant Capital Group LLC now owns 938 shares of the communications equipment provider’s stock valued at $39,000 after acquiring an additional 545 shares during the period. Institutional investors and hedge funds own 88.28% 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.