BidaskClub cut shares of ViaSat (NASDAQ:VSAT) from a buy rating to a hold rating in a report published on Friday, January 5th.

A number of other equities analysts have also recently commented on the stock. Morgan Stanley began coverage on shares of ViaSat in a research note on Friday, December 15th. They issued an equal weight rating and a $78.00 price target for the company. Royal Bank of Canada restated an underperform rating and issued a $46.00 price objective (down from $48.00) on shares of ViaSat in a report on Tuesday, November 21st. Zacks Investment Research lowered shares of ViaSat from a strong-buy rating to a hold rating in a report on Tuesday, November 14th. Needham & Company LLC upgraded shares of ViaSat from a hold rating to a buy rating and set a $78.00 price objective for the company in a report on Friday, November 10th. Finally, B. Riley restated a buy rating and issued a $89.00 price objective on shares of ViaSat in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $73.75.

ViaSat (NASDAQ:VSAT) traded down $0.73 during mid-day trading on Friday, reaching $76.71. 267,485 shares of the company’s stock were exchanged, compared to its average volume of 294,056. The company has a current ratio of 2.26, a quick ratio of 1.71 and a debt-to-equity ratio of 0.37. ViaSat has a fifty-two week low of $57.75 and a fifty-two week high of $80.26. The stock has a market cap of $4,500.00, a PE ratio of -383.55 and a beta of 0.78.

ViaSat (NASDAQ:VSAT) last released its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. ViaSat had a negative net margin of 3.53% and a negative return on equity of 2.99%. The business had revenue of $393.10 million during the quarter, compared to analysts’ expectations of $401.83 million. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. sell-side analysts forecast that ViaSat will post -0.98 earnings per share for the current fiscal year.

In related news, insider Keven K. Lippert sold 1,200 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $69.20, for a total transaction of $83,040.00. Following the completion of the sale, the insider now directly owns 2,949 shares in the company, valued at approximately $204,070.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John P. Stenbit sold 800 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $74.86, for a total transaction of $59,888.00. Following the sale, the director now owns 10,400 shares of the company’s stock, valued at $778,544. The disclosure for this sale can be found here. Insiders have sold a total of 20,400 shares of company stock valued at $1,486,717 over the last quarter. 7.70% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of VSAT. BlackRock Inc. raised its holdings in ViaSat by 1.6% in the 2nd quarter. BlackRock Inc. now owns 5,478,099 shares of the communications equipment provider’s stock worth $362,651,000 after purchasing an additional 84,457 shares in the last quarter. Vanguard Group Inc. raised its holdings in ViaSat by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,459,294 shares of the communications equipment provider’s stock worth $295,205,000 after purchasing an additional 30,325 shares in the last quarter. Odey Asset Management Group Ltd raised its holdings in ViaSat by 23.2% in the 2nd quarter. Odey Asset Management Group Ltd now owns 2,148,954 shares of the communications equipment provider’s stock worth $142,261,000 after purchasing an additional 404,251 shares in the last quarter. State Street Corp raised its holdings in ViaSat by 5.3% in the 2nd quarter. State Street Corp now owns 1,762,352 shares of the communications equipment provider’s stock worth $116,669,000 after purchasing an additional 88,421 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its holdings in ViaSat by 109.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,148,694 shares of the communications equipment provider’s stock worth $76,044,000 after purchasing an additional 599,752 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

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ViaSat Company Profile

ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.

Analyst Recommendations for ViaSat (NASDAQ:VSAT)

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