Excellence Investments Ltd. recently announced the acquisition of new stake in Gilat Satellite Networks Ltd. (NASDAQ:GILT). The institutional investor has increased its shareholding in the Technology company by 603.27% to 6.84 million shares with purchase of 5.87 million shares. This fresh investment now brings its stake to 12.09% valued currently at $39.7 million. In addition, Meitav Mutual Funds Ltd. raised its holdings by 1.41 million to 4.79 million shares. And Thrivent Asset Management LLC has lifted its position by 3.11% or 85413.0 shares – to 2.83 million shares.
With over 0.23 million Gilat Satellite Networks Ltd. (GILT) shares trading Friday and a closing price of $5.45 on the day, the dollar volume was approximately $1.26 million. The shares have shown a negative half year performance of -17.92% and its price on 01/20/23 lost nearly -1.80%. Currently, there are 56.61M common shares owned by the public and among those 47.26M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for GILT have a consensus price objective of $5.42. The analysts have set the share’s price value over the next 12 months at a high of $5.42 and a low of $5.42. But a downside of -0.55% will see the stock hit the forecast high price target while median target price for the stock is $5.42.
The top 3 mutual fund holders in Gilat Satellite Networks Ltd. are Thrivent Small Cap Stock Fund, Thrivent Variable Product – Small, and KSM ETF. Thrivent Small Cap Stock Fund owns 1.53 million shares of the company’s stock, all valued at over $8.9 million. The company bought an additional 58764.0 shares recently to bring their total holdings to about 2.71% of the shares outstanding. Thrivent Variable Product – Small bought 4327.0 shares to see its total holdings expand to 0.83 million shares valued at over $4.79 million and representing 1.46% of the shares outstanding. KSM ETF bought 0.62 million shares to bring its total holdings to over 0.62 million shares at a value of $3.58 million. KSM ETF now owns shares totaling to 1.09% of the shares outstanding.
Shares of Gilat Satellite Networks Ltd. (NASDAQ: GILT) opened at $5.57, up $0.02 from a prior closing price of $5.55. However, the script later moved the day high at 5.57, down -1.80%. The company’s stock has a 5-day price change of -11.38% and 7.92% over the past three months. GILT shares are trading -6.03% year to date (YTD), with the 12-month market performance down to -29.95% lower. It has a 12-month low price of $4.97 and touched a high of $9.11 over the same period. GILT has an average intraday trading volume of 185.26K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.09%, -6.22%, and -13.59% respectively.
Institutional ownership of Gilat Satellite Networks Ltd. (NASDAQ: GILT) shares accounts for 32.00% of the company’s 56.61M shares outstanding. Mutual fund holders own 19.44%, while other institutional holders and individual stakeholders account for 33.23% and — respectively.
It has a market capitalization of $314.19M and a beta (3y monthly) value of 0.51. The stock’s trailing 12-month PE ratio is 147.30, while the earnings-per-share (ttm) stands at $0.04. The company has a PEG of 14.73 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.43% over the week and 3.13% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 12.10% over the past 5-year period.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Brigantine coverage for the Gilat Satellite Networks Ltd. (GILT) stock in a research note released on March 29, 2012 offered a Buy rating with a price target of $5.50. Oppenheimer was of a view on June 22, 2011 that the stock is Perform, while Oppenheimer gave the stock Buy rating on March 22, 2007, issuing a price target of $10. William Blair on their part issued Outperform rating on January 18, 2007.