ViaSat (VSAT) PT Raised to $75.00 at JPMorgan Chase & Co.

ViaSat (NASDAQ:VSAT) had its target price raised by JPMorgan Chase & Co. from $70.00 to $75.00 in a research note published on Monday, February 12th. The firm currently has a neutral rating on the communications equipment provider’s stock.

VSAT has been the subject of several other research reports. Zacks Investment Research upgraded ViaSat from a hold rating to a strong-buy rating and set a $75.00 price objective for the company in a report on Monday, November 13th. Morgan Stanley assumed coverage on ViaSat in a report on Friday, December 15th. They set an equal weight rating and a $78.00 price objective for the company. BidaskClub upgraded ViaSat from a hold rating to a buy rating in a research note on Saturday, December 30th. Royal Bank of Canada restated an underperform rating and issued a $46.00 target price (down previously from $48.00) on shares of ViaSat in a research note on Tuesday, November 21st. Finally, Needham & Company LLC upgraded ViaSat from a hold rating to a buy rating and set a $78.00 target price for the company in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $74.20.

Shares of ViaSat (VSAT) opened at $70.75 on Monday. ViaSat has a twelve month low of $57.75 and a twelve month high of $80.26. The company has a current ratio of 1.68, a quick ratio of 1.21 and a debt-to-equity ratio of 0.38.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. ViaSat had a negative return on equity of 1.13% and a negative net margin of 2.59%. The firm had revenue of $381.80 million during the quarter, compared to analyst estimates of $392.99 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. analysts predict that ViaSat will post -1.16 earnings per share for the current fiscal year.

In other ViaSat news, Director John P. Stenbit sold 800 shares of ViaSat stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $74.86, for a total transaction of $59,888.00. Following the completion of the transaction, the director now owns 10,400 shares in the company, valued at approximately $778,544. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keven K. Lippert sold 4,100 shares of ViaSat stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $72.86, for a total value of $298,726.00. Following the transaction, the insider now owns 177 shares of the company’s stock, valued at approximately $12,896.22. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock valued at $845,727 in the last 90 days. 7.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSAT. JPMorgan Chase & Co. raised its stake in shares of ViaSat by 1,936.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,135 shares of the communications equipment provider’s stock valued at $803,000 after buying an additional 11,539 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of ViaSat by 9.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after buying an additional 131 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of ViaSat by 2.9% during the 2nd quarter. New York State Common Retirement Fund now owns 57,700 shares of the communications equipment provider’s stock valued at $3,820,000 after buying an additional 1,599 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of ViaSat by 3.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 29,619 shares of the communications equipment provider’s stock valued at $1,961,000 after acquiring an additional 923 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of ViaSat by 1.8% during the 2nd quarter. California Public Employees Retirement System now owns 83,800 shares of the communications equipment provider’s stock valued at $5,548,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

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ViaSat Company Profile

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.

Analyst Recommendations for ViaSat (NASDAQ:VSAT)

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