Viasat, Inc. (NASDAQ: VSAT) stock jumped 0.62% on Friday to $19.52 against a previous-day closing price of $19.40. With 0.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.57 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $19.72 whereas the lowest price it dropped to was $18.98. The 52-week range on VSAT shows that it touched its highest point at $47.35 and its lowest point at $15.02 during that stretch. It currently has a 1-year price target of $38.57. Beta for the stock currently stands at 1.32.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VSAT was up-trending over the past week, with a rise of 3.12%, but this was down by -8.96% over a month. Three-month performance dropped to -29.25% while six-month performance fell -51.48%. The stock lost -43.39% in the past year, while it has lost -38.33% so far this year. A look at the trailing 12-month EPS for VSAT yields -13.59 with Next year EPS estimates of 0.86. For the next quarter, that number is 0.49. This implies an EPS growth rate of 2679.81% for this year and 234.14% for next year.
Float and Shares Shorts:
At present, 124.51 million VSAT shares are outstanding with a float of 97.10 million shares on hand for trading. On Oct 30, 2023, short shares totaled 9.7 million, which was 7.82% higher than short shares on Sep 28, 2023. In addition to VLAT as the firm’s VLAT, GSAT serves as its Globalstar, Inc..
Institutional Ownership:
Through their ownership of 83.94% of VSAT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.49% of VSAT, in contrast to 50.61% held by mutual funds. Shares owned by individuals account for 26.34%. As the largest shareholder in VSAT with 13.04% of the stake, The Baupost Group LLC holds 16,174,839 shares worth 16,174,839. A second-largest stockholder of VSAT, The Vanguard Group, Inc., holds 11,797,745 shares, controlling over 9.51% of the firm’s shares. Ontario Teachers’ Pension Plan Bo is the third largest shareholder in VSAT, holding 11,356,776 shares or 9.15% stake. With a 4.04% stake in VSAT, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,007,573 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.86% of VSAT stock, is the second-largest Mutual Fund holder. It holds 3,541,895 shares valued at 65.31 million. Vanguard Small Cap Index Fund holds 2.32% of the stake in VSAT, owning 2,877,174 shares worth 53.06 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VSAT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VSAT analysts setting a high price target of $56.00 and a low target of $22.00, the average target price over the next 12 months is $38.57. Based on these targets, VSAT could surge 186.89% to reach the target high and rise by 12.7% to reach the target low. Reaching the average price target will result in a growth of 97.59% from current levels.
Summary of Insider Activity:
Insiders traded VSAT stock several times over the past three months with 9 Buys and 5 Sells. In these transactions, 14,400 shares were bought while 8,464 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 515,341 while 107,561 shares were sold.
