William Blair Reaffirms “Market Perform” Rating for Viasat (NASDAQ:VSAT)

William Blair reissued their market perform rating on shares of Viasat (NASDAQ:VSAT) in a research note published on Friday morning,RTT News reports.

Several other equities research analysts also recently commented on the stock. Morgan Stanley lowered their price objective on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday. Cantor Fitzgerald assumed coverage on Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Viasat in a report on Tuesday, January 21st. Finally, Barclays decreased their target price on Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.43.

Viasat Stock Up 19.5 %

Shares of NASDAQ:VSAT opened at $11.38 on Friday. The business’s 50-day moving average is $9.33 and its 200 day moving average is $11.95. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. Viasat has a 1 year low of $6.69 and a 1 year high of $26.70.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.28%. On average, analysts anticipate that Viasat will post -2.78 earnings per share for the current fiscal year.

Insider Transactions at Viasat

In related news, EVP Mark J. Miller sold 3,564 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.21, for a total transaction of $32,824.44. Following the sale, the executive vice president now owns 350,351 shares in the company, valued at approximately $3,226,732.71. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Viasat

Several institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in shares of Viasat during the 3rd quarter worth about $27,000. Point72 Hong Kong Ltd acquired a new stake in Viasat during the 3rd quarter worth $28,000. KBC Group NV raised its position in shares of Viasat by 63.7% in the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 1,021 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Viasat by 176.3% in the third quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 1,772 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock worth $25,000 after acquiring an additional 1,267 shares during the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

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.