William Blair analyst Louie DiPalma has maintained a "Hold" rating on ViaSat (VSAT – Research Report), as revealed in a new report released today. ViaSat’s stock closed at $8.40 on the previous trading day.
DiPalma, who covers the Technology sector, has an average return of -19.1% and a success rate of 50%. His portfolio includes prominent companies such as Palantir Technologies, Motorola Solutions, and Parsons.
The current consensus on ViaSat’s stock is a "Moderate Buy," with analysts setting an average price target of $13.00.
ViaSat recently reported its earnings for the quarter ending December 31, revealing a quarterly revenue of $1.12 billion. However, the company also posted a GAAP net loss of $158.41 million. This marks a slight decline from the same period last year, when the company posted a revenue of $1.13 billion and a GAAP net loss of $124.4 million.
In addition, recent data on corporate insider activity reveals a more cautious outlook on ViaSat’s stock. Insider sentiment has turned negative, with 50 insiders selling their shares in the past quarter—a noticeable increase compared to earlier this year.