Analysts Set Viasat Inc. (NASDAQ:VSAT) Price Target at $19.00

by · The Cerbat Gem

Shares of Viasat Inc. (NASDAQ:VSAT – Get Free Report) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $19.00.

Several analysts have weighed in on the stock. William Blair raised shares of Viasat from a “market perform” rating to an “outperform” rating in a research note on Monday. Needham & Company LLC lowered their price target on shares of Viasat from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, May 22nd. B. Riley decreased their price objective on shares of Viasat from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Viasat from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, June 17th.

Check Out Our Latest Research Report on VSAT

Hedge Funds Weigh In On Viasat

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cambiar Investors LLC increased its position in shares of Viasat by 8.5% during the second quarter. Cambiar Investors LLC now owns 12,115 shares of the communications equipment provider’s stock valued at $177,000 after buying an additional 944 shares during the period. Teacher Retirement System of Texas increased its position in shares of Viasat by 18.7% during the second quarter. Teacher Retirement System of Texas now owns 15,596 shares of the communications equipment provider’s stock valued at $228,000 after buying an additional 2,460 shares during the period. Y Intercept Hong Kong Ltd increased its position in shares of Viasat by 343.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 312,895 shares of the communications equipment provider’s stock valued at $4,568,000 after buying an additional 242,318 shares during the period. Bessemer Group Inc. increased its position in shares of Viasat by 331.3% during the second quarter. Bessemer Group Inc. now owns 4,779 shares of the communications equipment provider’s stock valued at $70,000 after buying an additional 3,671 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Viasat by 35.0% during the second quarter. Envestnet Asset Management Inc. now owns 30,638 shares of the communications equipment provider’s stock valued at $447,000 after buying an additional 7,941 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Stock Performance

Viasat stock opened at $21.29 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.72 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $2.86 billion, a PE ratio of -4.78 and a beta of 1.20. The firm has a fifty day simple moving average of $13.78 and a two-hundred day simple moving average of $11.01. Viasat has a twelve month low of $6.69 and a twelve month high of $26.70.

Viasat Company Profile

(Get Free Report)

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.

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