According to information from Bloomberg.com, the seven brokerages that offer coverage for Viasat, Inc. (NASDAQ: VSAT) have recommended “Hold” as the best course of action when purchasing the company’s stock. There are five buy recommendations, two hold recommendations, and one sell recommendation for this stock that analysts have provided. As stated by brokers who have written about the stock in the recent past, the price objective for the stock is $55.25 higher than where the stock is currently trading on average.
In recent analyst studies, the subject of VSAT has been the primary focus of attention as an area of investigation. Barclays announced on Monday, December 5, that they would lower their target price for Viasat from $47.50 to $41.00. This news was included in a research study that was published that day. The price objective that Morgan Stanley has placed on Viasat has increased from $34.00 to $36.00, as stated in a report that was made public on Tuesday, November 8. Additionally, the company was given the rating of “equal weight” by the brokerage firm. Following the research published on the company on November 15, Raymond James lowered its rating for Viasat, moving it from “outperform” to “market perform.” The report was about the company. Viasat received studies, the subject of VSAT has been the primary focus of attention as an area of investigation. Barclays announced on Monday, December 5, that they would lower their target price for Viasat from $47.50 to $41.00. This news was included in a research study that was published that day. The price objective that Morgan Stanley has placed on Viasat has increased from $34.00 to $36.00, as stated in a report that was made public on Tuesday, November 8.
Additionally, the company was given the rating of “equal weight” by the brokerage firm. Following the research published on the company on November 15, Raymond James lowered its rating for Viasat, moving it from “outperform” to “market perform.” The report was about the company. Viasat received a “sell” rating from StockNews.com on Tuesday, November 15, after the website had previously suggested that investors “hold” the stock.
According to information from other sources regarding Viasat, Executive Vice President Keven K. Lippert sold 2,750 shares on Monday, December 5. This resulted in a total sale volume of $90,475.00 for the shares sold at an average price of $32.90 per share. The executive vice president has gained direct ownership of 12,290 shares of the company as a direct result of the transaction, which has a value of $404,341. The transaction was made public through a filing that was made with the SEC, which can be found on the stock website of the SEC, as was reported elsewhere regarding Viasat. This resulted in a total sale volume of $90,475.00 for the shares sold at an average price of $32.90 per share. The executive vice president has gained direct ownership of 12,290 shares of the company as a direct result of the transaction, which has a value of $404,341. The transaction was disclosed to the public through a filing that was made with the SEC, which can be located on the website of the SEC. Insiders of the company sold 3,533 shares for $119,607 over the preceding three months. 4.90 percent of the company’s shares are held by those employed.
A few hedge funds have made recent adjustments to the percentage of their holdings invested in the company, either increasing the percentage or decreasing it. The amount of stock in Viasat owned by Keene & Associates Inc. increased by 1.9% during the third quarter of this fiscal year. After purchasing 275 additional shares during the most recent quarter, Keene & Associates Inc. now has 14,532 shares in the communications equipment supplier, giving the company a total market value of $439,000. This brings the total number of shares in circulation for the company up to $439,000. During the second quarter, Captrust Financial Advisors achieved a 29.2 percent increase in the proportion of Viasat stock they owned. After purchasing an additional 297 shares during the most recent quarter, Captrust Financial Advisors now has 1,313 shares in the communications equipment business, which are worth $40,000 combined. This brings the total number of shares that Captrust Financial Advisors owns to 1,313. During the second quarter, the investment bank UBS Group AG increased the proportion of shares of Viasat that is owned by 2.3%. After purchasing an additional 355 shares during the most recent quarter, UBS Group AG now has 15,707 shares of the company’s stock. This brings the company’s total shares held by UBS Group AG to 15,707. The company is currently valued at $481,000 on the market. During the first three months of the fiscal year, Ameritas Investment Partners Inc. acquired a 2.3% stake in Viasat, bringing its total ownership percentage to 100%. Ameritas Investment Partners Inc. now has 19,873 shares of the communications equipment provider’s stock after purchasing an additional 450 shares during the most recent quarter. The stock is currently valued at $970,000. And finally, during the quarter that ended in September, Thrivent Financial for Lutherans added 2.4% more shares to their holdings in Viasat than they had previously. Thrivent Financial for Lutherans now has 19,996 shares of the communications equipment provider’s stock after purchasing an additional 467 shares during the most recent quarter. Based on the stock’s current price, Thrivent Financial for Lutherans’ investment portfolio is estimated to be worth $604,000. To the tune of 82.36 percent, the shares in question are owned by hedge funds and various other institutional investors.
On Friday, the price of a single share of NASDAQ VSAT was set at $31.74, and trading began. The company’s market capitalization is currently sitting at $2.40 billion, its price-to-earnings ratio is -22.51, and its beta is 1.25. The current ratio is 1.43, the quick ratio is 1.12, and the debt-to-equity ratio is 1.01. The current ratio is 1.43, the quick ratio is 1.12, and the debt-to-equity ratio is 1.01. The stock’s price is currently trading at $34.61, and its moving average over the past 200 days is at $34.04, respectively. Viasat reached its all-time high of $52.72 during the 52 weeks, while the stock reached its all-time low of $25.38 during the same period.
On November 8, the most recent earnings report for Viasat, which is publicly traded and can be found under the NASDAQ: VSAT, was made available to the public. It was announced that earnings per share for the period were $0.97, which was $1.19 less than the average estimate of $0.22 per share. These results were produced by a company specializing in manufacturing communication devices. The company announced that its revenue for the quarter was $656.68 million, which is significantly lower than the projections made by the industry experts, which were $757.08 million. Viasat had a negative return on equity, coming in at 4.87%, and the company also had a negative net margin, coming in at 3.81%. According to projections made by sell-side analysts, Viasat will finish the current fiscal year with a loss of 1.69 cents per share.
Viasat, Inc. is a multinational company that supplies products and services related to the internet and communications. The satellite services division of the company offers in-flight entertainment and aviation software to commercial airlines, community internet services, mobile broadband services, and satellite-based internet services to offshore energy vessels, cruise ships, consumer ferries, and yachts. Additionally, the satellite services division offers broadband internet access to individuals and businesses and voice-over-Internet Protocol (VoIP) services. Additionally, the company’s satellite services division offers commercial airlines aviation software and in-flight entertainment. The company provides these services.
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