Viasat (NASDAQ:VSAT) Trading 7.8% Higher

Shares of Viasat, Inc. (NASDAQ:VSAT) rose 7.8% during mid-day trading on Thursday . The company traded as high as $18.08 and last traded at $18.06. Approximately 237,803 shares were traded during trading, a decline of 84% from the average daily volume of 1,483,737 shares. The stock had previously closed at $16.76.

Analyst Ratings Changes

Several research analysts have recently issued reports on VSAT shares. Morgan Stanley decreased their price target on Viasat from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Viasat from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, May 28th. Bank of America increased their price objective on shares of Viasat from $24.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. dropped their target price on Viasat from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Viasat in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.17.

Viasat Trading Up 11.5 %

The firm has a 50 day moving average price of $15.19 and a two-hundred day moving average price of $17.79. The firm has a market capitalization of $2.35 billion, a P/E ratio of -2.03 and a beta of 1.37. 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 (NASDAQ:VSAT) last posted its quarterly earnings data on Tuesday, May 21st. The communications equipment provider reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.12). Viasat had a negative return on equity of 19.76% and a negative net margin of 24.95%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, equities research analysts expect that Viasat, Inc. will post -1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Viasat

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in Viasat by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,800 shares of the communications equipment provider’s stock valued at $480,000 after purchasing an additional 600 shares during the period. Nisa Investment Advisors LLC acquired a new position in Viasat during the second quarter valued at $67,000. SG Americas Securities LLC purchased a new stake in Viasat in the 2nd quarter worth about $293,000. Price T Rowe Associates Inc. MD lifted its stake in Viasat by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,183 shares of the communications equipment provider’s stock worth $1,089,000 after acquiring an additional 3,712 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in Viasat by 23.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 70,622 shares of the communications equipment provider’s stock worth $1,277,000 after acquiring an additional 13,304 shares during the period. Institutional investors and hedge funds own 86.05% of the company’s stock.

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.