Key Points Barclays downgraded Viasat from a "hold" rating to a "strong sell," setting a price target of $23.00, indicating a potential downside of 24.13% from its previous close. Despite the downgrade, Viasat's stock saw an increase of 3.4% in trading, reaching $30.32, with a market cap of $4.07 billion. In recent reports from other analysts, Viasat received mixed ratings, including a "buy" from Needham & Company and a "hold" from Deutsche Bank, highlighting a consensus rating of "Hold." Viasat Trading Up 5.4% Shares of NASDAQ VSAT traded up $1.57 during trading on Wednesday, hitting $30.89. 372,774 shares of the company were exchanged, compared to its average volume of 3,656,989. The firm has a market capitalization of $4.15 billion, a PE ratio of -6.60 and a beta of 1.21. Viasat has a 12-month low of $6.69 and a 12-month high of $34.05. The company has a fifty day moving average price of $26.94 and a 200-day moving average price of $16.55. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.87 and a current ratio of 2.11. Viasat (NASDAQ:VSAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.32. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. Viasat had a negative net margin of 13.11% and a negative return on equity of 6.37%. Viasat's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. As a group, equities research analysts expect that Viasat will post -0.54 EPS for the current year. Insider Transactions at Viasat In related news, Director Richard A. Baldridge sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $31.00, for a total value of $3,100,000.00. Following the completion of the transaction, the director directly owned 197,161 shares of the company's stock, valued at $6,111,991. This represents a 33.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by company insiders. Institutional Investors Weigh In On Viasat A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSAT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Viasat by 43.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 149,070 shares of the communications equipment provider's stock valued at $1,269,000 after buying an additional 44,804 shares during the last quarter. California State Teachers Retirement System lifted its stake in Viasat by 7.0% in the fourth quarter. California State Teachers Retirement System now owns 86,102 shares of the communications equipment provider's stock valued at $733,000 after buying an additional 5,660 shares during the last quarter. GAMMA Investing LLC lifted its stake in Viasat by 1,951.4% in the first quarter. GAMMA Investing LLC now owns 22,955 shares of the communications equipment provider's stock valued at $2,203,000 after buying an additional 21,836 shares during the last quarter. Intellectus Partners LLC lifted its stake in Viasat by 120.9% in the first quarter. Intellectus Partners LLC now owns 40,650 shares of the communications equipment provider's stock valued at $424,000 after buying an additional 22,250 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Viasat in the first quarter valued at approximately $281,000. Hedge funds and other institutional investors own 86.05% of the company's stock. Viasat Company Profile