BidaskClub upgraded shares of ViaSat (NASDAQ:VSAT) from a sell rating to a hold rating in a research note published on Friday morning.
Several other analysts also recently commented on VSAT. B. Riley reaffirmed a buy rating and issued a $89.00 price objective on shares of ViaSat in a report on Thursday, November 9th. JPMorgan Chase & Co. upped their price objective on shares of ViaSat from $70.00 to $75.00 and gave the company a neutral rating in a report on Monday, February 12th. Zacks Investment Research downgraded shares of ViaSat from a strong-buy rating to a hold rating in a report on Tuesday, November 14th. Morgan Stanley initiated coverage on shares of ViaSat in a report on Friday, December 15th. They issued an equal weight rating and a $78.00 price objective on the stock. Finally, Royal Bank of Canada reissued an underperform rating and set a $46.00 price target (down from $48.00) on shares of ViaSat in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $74.20.
ViaSat (NASDAQ:VSAT) traded up $0.85 during mid-day trading on Friday, hitting $73.86. 288,410 shares of the stock traded hands, compared to its average volume of 413,705. The stock has a market cap of $4,350.00, a P/E ratio of -150.73 and a beta of 0.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.68 and a quick ratio of 1.21. ViaSat has a fifty-two week low of $57.75 and a fifty-two week high of $80.26.
In related news, Director John P. Stenbit sold 700 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $69.86, for a total transaction of $48,902.00. Following the sale, the director now directly owns 10,300 shares of the company’s stock, valued at $719,558. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keven K. Lippert sold 1,800 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $72.13, for a total transaction of $129,834.00. Following the sale, the insider now directly owns 170 shares in the company, valued at $12,262.10. The disclosure for this sale can be found here. Insiders have sold 3,300 shares of company stock worth $238,624 over the last three months. 7.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in ViaSat by 1.9% during the fourth quarter. BlackRock Inc. now owns 5,732,578 shares of the communications equipment provider’s stock worth $429,084,000 after buying an additional 107,174 shares in the last quarter. Franklin Resources Inc. raised its position in ViaSat by 12.7% during the fourth quarter. Franklin Resources Inc. now owns 2,126,710 shares of the communications equipment provider’s stock worth $159,185,000 after acquiring an additional 238,842 shares during the period. Disciplined Growth Investors Inc. MN raised its position in ViaSat by 1.5% during the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,146,327 shares of the communications equipment provider’s stock worth $85,803,000 after acquiring an additional 17,358 shares during the period. Fiduciary Management Inc. WI raised its position in ViaSat by 78.2% during the third quarter. Fiduciary Management Inc. WI now owns 779,160 shares of the communications equipment provider’s stock worth $50,116,000 after acquiring an additional 341,875 shares during the period. Finally, Cove Street Capital LLC raised its position in ViaSat by 14.3% during the fourth quarter. Cove Street Capital LLC now owns 769,394 shares of the communications equipment provider’s stock worth $57,589,000 after acquiring an additional 96,384 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.
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.
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