Viasat, Inc. (VSAT) Analysts Suggest $84.71-$145 Share Levels

It has been reported that multiple insider activity took place at Viasat, Inc. (VSAT). Director LAY B ALLEN sold 1,000 shares for $309,213 in transaction occurred on 2019/05/01. After making this transaction, Director owns a direct stake of -2 shares, worth $27,600,352, as per the last closing price. On 2019/04/02 Peterman Ken Allen, President Government Systems at VSAT, dumped 47,625 shares at an average price of $78.09 per share. The selling total is valued at $2,419,749.

Director, LAY B ALLEN had divested 1,000 shares for $310,213 through a trade on 2019/04/01. Following this activity, the insider holds 14 shares worth $27,689,612 as of recent close.

Longleaf Partners Small-Cap Fund revealed as top hedge fund owner in Viasat, Inc. (VSAT) with a stake of over 2.94M VSAT shares as of September 29, with a market value of approx. $188.17M as of today. The second largest holder, iShares Core S&P Midcap ETF, with 1.64M shares which equates to $126.78M worth of the stock. At third is Vanguard Small-Cap Index Fund, which stood pat with 1.45M shares, a 1.74% position in Viasat, Inc., worth $92.41M. The insider holding in stood at 0.2% while institutions hold 0%.

Viasat, Inc. (NASDAQ:VSAT) rose 1.45% in recent trade and currently has a stock-market value of $5.32B. The shares finished at $89.26, after trading as low as $87.45 earlier in the session. It hit an intraday high Tuesday at $89.85. Trading activity significantly weakened as the volume at ready counter decreased to 431,530 shares versus 509,565 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 466,904 shares. The stock is now 59.59% above against its bear-market low of $55.93 on December 27, 2018. It has retreated -3.76% since it’s 52-week high of $92.62 reached in May. Now the market price is up 40.17% on the year and up 51.42% YTD.

VSAT stock’s 50 day simple moving average (SMA 50) price is $82.86 and its 200-day simple moving average (SMA 200) price is $69.7. The company’s stock currently has a total float of 57.18M shares. Its weekly volatility is hovering around 2.59% and felt 1.92% volatility in price over a month. On the upside, the share price will test short term resistance at around $90.26. On a downside, the stock is likely to find some support, which begins at $87.86. The failure to get near-term support could push it to $86.45.

It had seen a change in price target from analysts at Needham, who reiterated the stock at Buy on August 13 but moved PT from $74 to $70. Analysts at Needham, maintained the company shares at Buy on April 09 but switched target price from $78 to $74. Analysts at Morgan Stanley, made their first call about the stock on December 15, recommending it is Equal-Weight. RBC Capital Mkts, reiterated their call for Underperform, on November 21. On the other hand, they had set new target price to $46 versus $48.

Also, it is trading at rather expensive levels at just over 2.86x price/book and 2.72x price/sales. Compared to others, Viasat, Inc. is in a different league with regards to profitability, having net margins of -4.6%. To put some perspective around this, the industry’s average net margin is 4.96%. VSAT’s ROE is -4.8%, which is also considerably worse than the industry’s ROE of 7.51%. It’s also very liquid in the near term, with a current ratio of 1.4. The stock has a debt/capital of 0.62.

Shares of VSAT have gained 34.8% since the company’s most recent earnings report. Over the past 11 fiscal quarters, Viasat, Inc. (NASDAQ:VSAT) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. VSAT last reported earnings that exceeded expectations. The company raked in -$0.17 per share, -99.7% change on the same period last year. That was better than consensus for -$0.4. Revenue for the recent quarter stood at $554.69 million, up 45% on last year and above the $485.75 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $536.3 million to $570.7 million, which should be compared with $595.9 million generated last year. EPS is seen in a range of -$0.31 to -$0.1, against the 0 reported a year ago.