Is Buying Viasat Inc (NASDAQ:VSAT) Here Good Idea?

June 14, 2018 - By Christine McCrea

Viasat, Inc. (NASDAQ:VSAT) Logo

Investors sentiment decreased to 1.07 in 2018 Q1. Its down 0.31, from 1.38 in 2017Q4. It worsened, as 16 investors sold Viasat, Inc. shares while 58 reduced holdings. 17 funds opened positions while 62 raised stakes. 61.74 million shares or 0.29% more from 61.56 million shares in 2017Q4 were reported.
Cobblestone Cap Advsrs Ltd, New York-based fund reported 111,481 shares. Disciplined Growth Invsts Mn holds 1.45% or 1.12 million shares. Citigroup invested in 0% or 316 shares. Vnbtrust Association owns 177,518 shares. X Mgmt Ltd Liability Co holds 11,226 shares. Benchmark Advsr owns 1% invested in Viasat, Inc. (NASDAQ:VSAT) for 19,250 shares. Amundi Pioneer Asset Management invested in 26,292 shares. Steinberg Asset Management Ltd owns 7.33% invested in Viasat, Inc. (NASDAQ:VSAT) for 249,880 shares. Cornerstone accumulated 14 shares. Three Peaks Capital Mngmt Limited Com reported 70,360 shares stake. Caprock Gp Incorporated has 4,700 shares for 0.07% of their portfolio. Pnc Fincl Serv Grp Inc holds 0% or 1,781 shares in its portfolio. Lpl Financial Limited Liability Corp, California-based fund reported 3,576 shares. Dimensional Fund Lp invested in 703,640 shares. Barclays Public Ltd Co invested 0% in Viasat, Inc. (NASDAQ:VSAT).

Since March 1, 2018, it had 0 insider purchases, and 11 selling transactions for $1.23 million activity. The insider Peterman Ken Allen sold 2,187 shares worth $158,142. Lippert Keven K also sold $129,834 worth of Viasat, Inc. (NASDAQ:VSAT) shares. Another trade for 2,000 shares valued at $127,298 was sold by NASH JEFFREY M. Blair Robert James had sold 5,217 shares worth $331,908 on Friday, June 8.

The stock of Viasat Inc (NASDAQ:VSAT) registered a decrease of 2.47% in short interest. VSAT’s total short interest was 9.39 million shares in June as published by FINRA. Its down 2.47% from 9.63M shares, reported previously. With 287,200 shares average volume, it will take short sellers 33 days to cover their VSAT’s short positions. The short interest to Viasat Inc’s float is 25.07%.

The stock increased 1.27% or $0.81 during the last trading session, reaching $64.7. About 241,666 shares traded. Viasat, Inc. (NASDAQ:VSAT) has declined 6.44% since June 14, 2017 and is downtrending. It has underperformed by 19.01% the S&P500.

ViaSat, Inc. provides broadband and communications services and products worldwide. The company has market cap of $3.81 billion. The company??s Satellite Services segment offers fixed broadband services, including broadband Internet access and voice over Internet protocol services under the Exede and WildBlue brands to clients and businesses; in-flight Internet and aviation software services to commercial airlines; mobile broadband services comprising network management and high-speed Internet connectivity services for clients using airborne, maritime, and ground mobile satellite systems; and enterprise broadband services. It currently has negative earnings. As of March 31, 2017, this segment provided broadband Internet services to approximately 659,000 consumer and small business subscribers.

Viasat, Inc. (NASDAQ:VSAT) Ratings Coverage

Among 6 analysts covering Viasat (NASDAQ:VSAT), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. Viasat has $78 highest and $5200 lowest target. $67.80’s average target is 4.79% above currents $64.7 stock price. Viasat had 6 analyst reports since December 15, 2017 according to SRatingsIntel. On Friday, April 6 the stock rating was maintained by Needham with “Buy”. The firm has “Sell” rating given on Thursday, March 29 by Barclays Capital. The company was maintained on Monday, February 12 by JP Morgan. The stock of Viasat, Inc. (NASDAQ:VSAT) earned “Sell” rating by RBC Capital Markets on Tuesday, March 27.

More news for Viasat, Inc. (NASDAQ:VSAT) were recently published by: Streetinsider.com, which released: “ViaSat (VSAT) Announces Acquisition of Horsebridge Defence & Security” on June 13, 2018. Seekingalpha.com‘s article titled: “ViaSat, Inc. 2018 Q4 – Results – Earnings Call Slides” and published on May 25, 2018 is yet another important article.

Viasat, Inc. (NASDAQ:VSAT) Institutional Positions Chart

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