A number of other equities analysts also recently commented on VSAT. Zacks Investment Research upgraded shares of Gerdau from a sell rating to a hold rating in a research note on Monday, May 13th. Raymond James reiterated an outperform rating and set a $36.00 target price on shares of Zymeworks in a research note on Thursday, May 30th. Needham & Company LLC boosted their target price on shares of ViaSat from $78.00 to $100.00 and gave the stock a buy rating in a research note on Friday, May 24th. ValuEngine upgraded shares of William Lyon Homes from a strong sell rating to a sell rating in a research note on Wednesday, April 10th. Finally, Bank of America reiterated a buy rating and set a $25.00 target price on shares of Infineon Technologies in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average price target of $96.99.
Shares of VSAT stock opened at $84.21 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.34 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average price is $86.60. The firm has a market capitalization of $5.10 billion, a P/E ratio of -74.52 and a beta of 0.85. ViaSat has a 12 month low of $55.93 and a 12 month high of $97.31.
ViaSat (NASDAQ:VSAT) last issued its earnings results on Thursday, May 23rd. The communications equipment provider reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.29. The firm had revenue of $557.20 million during the quarter, compared to the consensus estimate of $538.73 million. ViaSat had a negative net margin of 3.27% and a negative return on equity of 3.47%. The company’s revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. As a group, equities analysts expect that ViaSat will post -0.1 earnings per share for the current fiscal year.
In other ViaSat news, Director B Allen Lay sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $90.96, for a total value of $90,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce Leroy Dirks sold 16,500 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $91.87, for a total transaction of $1,515,855.00. Following the completion of the transaction, the insider now owns 34,522 shares of the company’s stock, valued at approximately $3,171,536.14. The disclosure for this sale can be found here. Insiders sold 423,278 shares of company stock valued at $38,019,971 in the last 90 days. 8.10% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSAT. Norges Bank acquired a new position in ViaSat in the fourth quarter valued at $30,846,000. Squarepoint Ops LLC boosted its stake in ViaSat by 103.9% in the fourth quarter. Squarepoint Ops LLC now owns 420,362 shares of the communications equipment provider’s stock valued at $24,780,000 after acquiring an additional 214,227 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in ViaSat by 55.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 527,042 shares of the communications equipment provider’s stock valued at $31,069,000 after acquiring an additional 186,912 shares in the last quarter. Odey Asset Management Group Ltd boosted its stake in ViaSat by 4.4% in the fourth quarter. Odey Asset Management Group Ltd now owns 3,153,470 shares of the communications equipment provider’s stock valued at $185,897,000 after acquiring an additional 132,641 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in ViaSat by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 649,189 shares of the communications equipment provider’s stock valued at $38,269,000 after acquiring an additional 66,470 shares in the last quarter. Institutional investors own 96.49% of the company’s stock.
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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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