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Viasat, Inc. (VSAT) gets rating Reiterated from Needham

Viasat, Inc.’s filing revealed that its Director BALDRIDGE RICHARD A acquired Company’s shares for reported $0.82 million on Sep 12 ’24. In the deal valued at $14.91 per share,55,000 shares were bought. As a result of this transaction, BALDRIDGE RICHARD A now holds 55,000 shares worth roughly $0.61 million.

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Then, CPP Investment Board Private H sold 2,811,442 shares, generating $55,947,696 in total proceeds. Upon selling the shares at $19.90, the now owns 8,545,334 shares.

Before that, ONTARIO TEACHERS PENSION PLAN sold 2,811,442 shares. Viasat, Inc. shares valued at $55,947,696 were divested by the at a price of $19.90 per share. As a result of the transaction, ONTARIO TEACHERS PENSION PLAN now holds 8,545,334 shares, worth roughly $95.02 million.

Needham reiterated its Viasat, Inc. [VSAT] rating to a Buy in a research note published on October 15, 2024; the price target was $19. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid September from “an Overweight” to “a Neutral”. JP Morgan also remained covering VSAT and has increased its forecast on October 17, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on October 17, 2023. It rated VSAT as “a Hold”.

Price Performance Review of VSAT

On Friday, Viasat, Inc. [NASDAQ:VSAT] saw its stock fall -3.81% to $11.12. Over the last five days, the stock has gained 1.92%. Viasat, Inc. shares have fallen nearly -60.21% since the year began. Nevertheless, the stocks have fallen -48.13% over the past one year. While a 52-week high of $29.11 was reached on 01/02/24, a 52-week low of $10.40 was recorded on 10/11/24. SMA at 50 days reached $14.28, while 200 days put it at $17.09.

Levels Of Support And Resistance For VSAT Stock

The 24-hour chart illustrates a support level at 10.87, which if violated will result in even more drops to 10.61. On the upside, there is a resistance level at 11.57. A further resistance level may holdings at 12.01. The Relative Strength Index (RSI) on the 14-day chart is 39.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.28%. Stochastics %K at 45.06% indicates the stock is a holding.

How much short interest is there in Viasat, Inc.?

A steep rise in short interest was recorded in Viasat, Inc. stocks on 2024-09-30, growing by 0.9 million shares to a total of 14.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 14.07 million shares. There was a rise of 5.99%, which implies that there is a positive sentiment for the stock.

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