ViaSat, Inc. (VSAT) Given a $67.00 Price Target by Jefferies Group LLC Analysts

Jefferies Group LLC set a $67.00 target price on ViaSat, Inc. (NASDAQ:VSAT) in a research note published on Sunday morning. The brokerage currently has a hold rating on the communications equipment provider’s stock. Jefferies Group also issued estimates for ViaSat’s FY2020 earnings at $2.59 EPS and FY2021 earnings at $3.58 EPS.

Several other equities research analysts also recently weighed in on VSAT. B. Riley reiterated a buy rating and set a $89.00 target price on shares of ViaSat in a research note on Friday, May 19th. Wells Fargo & Company set a $96.00 target price on shares of ViaSat and gave the stock a buy rating in a research note on Wednesday, May 24th. TheStreet upgraded shares of ViaSat from a c rating to a b- rating in a research note on Tuesday, May 23rd. Zacks Investment Research downgraded shares of ViaSat from a hold rating to a sell rating in a research note on Friday, May 26th. Finally, Royal Bank Of Canada set a $50.00 target price on shares of ViaSat and gave the stock a sell rating in a research note on Saturday, May 27th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $74.82.

ViaSat (VSAT) traded up 0.25% during trading on Friday, hitting $60.23. The stock had a trading volume of 170,191 shares. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 260.74 and a beta of 0.69. ViaSat has a 52-week low of $57.75 and a 52-week high of $82.19. The firm’s 50-day moving average price is $62.99 and its 200-day moving average price is $64.96.

ViaSat (NASDAQ:VSAT) last announced its earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.03. ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The business had revenue of $380 million for the quarter, compared to analyst estimates of $384.29 million. During the same quarter last year, the company posted $0.23 EPS. ViaSat’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts predict that ViaSat will post $0.05 EPS for the current fiscal year.

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In related news, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $64.78, for a total value of $45,346.00. Following the completion of the sale, the director now owns 8,700 shares in the company, valued at $563,586. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin J. Harkenrider sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $66.07, for a total transaction of $1,321,400.00. Following the completion of the sale, the insider now owns 24,004 shares of the company’s stock, valued at approximately $1,585,944.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,350 shares of company stock valued at $3,819,269. 7.70% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in ViaSat by 10.9% in the first quarter. Geode Capital Management LLC now owns 437,084 shares of the communications equipment provider’s stock valued at $27,894,000 after buying an additional 42,961 shares in the last quarter. Legal & General Group Plc increased its holdings in ViaSat by 26.6% in the first quarter. Legal & General Group Plc now owns 35,347 shares of the communications equipment provider’s stock valued at $2,254,000 after buying an additional 7,428 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in ViaSat by 25.8% in the first quarter. UBS Asset Management Americas Inc. now owns 28,696 shares of the communications equipment provider’s stock valued at $1,831,000 after buying an additional 5,878 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in ViaSat by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,039 shares of the communications equipment provider’s stock valued at $1,151,000 after buying an additional 300 shares in the last quarter. Finally, New South Capital Management Inc. increased its holdings in ViaSat by 12.2% in the second quarter. New South Capital Management Inc. now owns 2,309,525 shares of the communications equipment provider’s stock valued at $152,891,000 after buying an additional 251,890 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

About ViaSat

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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