ViaSat Inc. (NASDAQ:VSAT)‘s stock had its “buy” rating reaffirmed by investment analysts at B. Riley in a research note issued to investors on Monday. They presently have a $89.00 price target on the stock. B. Riley’s target price indicates a potential upside of 18.97% from the stock’s current price.
A number of other research firms also recently commented on VSAT. Zacks Investment Research upgraded ViaSat from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Monday, October 3rd. Jefferies Group assumed coverage on ViaSat in a report on Monday, August 1st. They issued a “hold” rating and a $85.00 price objective on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of ViaSat in a report on Wednesday, October 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $76.33.
Shares of ViaSat (NASDAQ:VSAT) traded up 1.22% during trading on Monday, reaching $74.81. The company had a trading volume of 417,671 shares. The firm has a 50-day moving average price of $73.04 and a 200-day moving average price of $73.13. ViaSat has a 52-week low of $56.02 and a 52-week high of $82.19. The company has a market capitalization of $4188.39 billion, a P/E ratio of 136.02 and a beta of 0.67.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.13. ViaSat had a return on equity of 2.91% and a net margin of 1.83%. The firm had revenue of $399.20 million for the quarter, compared to analyst estimates of $378.83 million. During the same period last year, the company earned $0.30 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict that ViaSat will post $1.29 EPS for the current fiscal year.
In related news, Director John P. Stenbit sold 800 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $75.12, for a total transaction of $60,096.00. Following the sale, the director now directly owns 7,200 shares in the company, valued at approximately $540,864. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark D. Dankberg sold 26,250 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $74.84, for a total value of $1,964,550.00. Following the sale, the chief executive officer now owns 26,250 shares in the company, valued at $1,964,550. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.
Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in ViaSat by 41.8% in the third quarter. PNC Financial Services Group Inc. now owns 1,405 shares of the company’s stock valued at $105,000 after buying an additional 414 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in ViaSat by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the company’s stock valued at $120,000 after buying an additional 184 shares in the last quarter. LS Investment Advisors LLC increased its stake in ViaSat by 71.0% in the second quarter. LS Investment Advisors LLC now owns 2,723 shares of the company’s stock valued at $194,000 after buying an additional 1,131 shares in the last quarter. CHICAGO TRUST Co NA acquired a new stake in ViaSat during the second quarter valued at about $202,000. Finally, B. Riley Financial Inc. acquired a new stake in ViaSat during the second quarter valued at about $203,000. Institutional investors and hedge funds own 94.34% of the company’s stock.