Today, ViaSat Inc. (VSAT) Research Coverage Started at Bank of America Corp.

Today, ViaSat Inc. (VSAT) Research Coverage Started at Bank of America Corp.
Bank of America Corp. began coverage on shares of ViaSat Inc. (NASDAQ:VSAT) in a report issued on Monday morning. The brokerage issued a buy rating and a $81.00 target price on the stock.

Other research analysts have also recently issued research reports about the company. B. Riley restated a buy rating and issued a $89.00 target price on shares of ViaSat in a research note on Saturday, November 12th. Zacks Investment Research raised ViaSat from a sell rating to a hold rating in a research report on Tuesday, July 26th. TheStreet raised ViaSat from a hold rating to a buy rating in a research report on Tuesday, November 8th. Wunderlich raised their price objective on ViaSat from $50.00 to $58.00 and gave the company a sell rating in a research report on Wednesday, November 9th. Finally, Jefferies Group initiated coverage on ViaSat in a research report on Monday, August 1st. They set a hold rating and a $85.00 price objective for the company. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $76.33.

ViaSat (NASDAQ:VSAT) opened at 73.91 on Monday. The stock’s 50 day moving average price is $73.02 and its 200-day moving average price is $73.13. The stock has a market cap of $3.66 billion, a PE ratio of 134.63 and a beta of 0.67. ViaSat has a 12 month low of $56.02 and a 12 month high of $82.19.

ViaSat (NASDAQ:VSAT) last released its earnings results on Tuesday, November 8th. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.13. The company earned $399.20 million during the quarter, compared to analysts’ expectations of $378.83 million. ViaSat had a return on equity of 2.91% and a net margin of 1.83%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. Analysts anticipate that ViaSat will post $1.29 EPS for the current fiscal year.

In related news, VP Keven K. Lippert sold 8,750 shares of ViaSat stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $72.38, for a total value of $633,325.00. Following the completion of the sale, the vice president now owns 9,039 shares of the company’s stock, valued at $654,242.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ken Allen Peterman sold 6,563 shares of ViaSat stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $78.23, for a total value of $513,423.49. Following the completion of the sale, the insider now directly owns 11,182 shares of the company’s stock, valued at approximately $874,767.86. The disclosure for this sale can be found here. 9.70% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in shares of ViaSat by 55.5% in the second quarter. State Street Corp now owns 1,424,054 shares of the company’s stock valued at $101,676,000 after buying an additional 508,454 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of ViaSat by 21.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,316,052 shares of the company’s stock valued at $93,966,000 after buying an additional 232,323 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of ViaSat by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,439,821 shares of the company’s stock valued at $182,133,000 after buying an additional 144,644 shares during the last quarter. Cove Street Capital LLC raised its stake in shares of ViaSat by 26.5% in the second quarter. Cove Street Capital LLC now owns 652,403 shares of the company’s stock valued at $46,581,000 after buying an additional 136,530 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of ViaSat by 29.9% in the second quarter. 1832 Asset Management L.P. now owns 558,993 shares of the company’s stock valued at $40,176,000 after buying an additional 128,817 shares during the last quarter. 94.34% of the stock is owned by institutional investors.

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