ViaSat, Inc. (NASDAQ:VSAT) COO Richard A. Baldridge sold 31,700 shares of ViaSat stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $63.23, for a total transaction of $2,004,391.00. Following the transaction, the chief operating officer now directly owns 61,700 shares in the company, valued at approximately $3,901,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of ViaSat stock traded up $0.27 on Monday, hitting $63.26. 261,800 shares of the company traded hands, compared to its average volume of 415,183. The stock has a market cap of $3.81 billion, a P/E ratio of -73.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.37 and a quick ratio of 0.88. ViaSat, Inc. has a 52 week low of $59.16 and a 52 week high of $80.26.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Thursday, August 9th. The communications equipment provider reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.07). ViaSat had a negative net margin of 5.58% and a negative return on equity of 3.97%. The company had revenue of $438.90 million for the quarter, compared to the consensus estimate of $429.75 million. During the same quarter in the previous year, the business earned $0.04 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities analysts expect that ViaSat, Inc. will post -1.66 EPS for the current year.
Several brokerages have weighed in on VSAT. ValuEngine raised shares of ViaSat from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. BidaskClub raised shares of ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. TheStreet raised shares of ViaSat from a “d+” rating to a “c-” rating in a report on Thursday, July 19th. Finally, Royal Bank of Canada set a $45.00 price objective on shares of ViaSat and gave the company a “sell” rating in a research report on Monday, June 11th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. ViaSat has a consensus rating of “Hold” and an average price target of $69.38.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp increased its position in ViaSat by 1.3% in the second quarter. Northern Trust Corp now owns 815,627 shares of the communications equipment provider’s stock worth $53,603,000 after purchasing an additional 10,770 shares during the last quarter. Odey Asset Management Group Ltd boosted its stake in shares of ViaSat by 2.6% during the second quarter. Odey Asset Management Group Ltd now owns 2,345,372 shares of the communications equipment provider’s stock valued at $154,138,000 after purchasing an additional 59,556 shares during the period. Global X Management Co LLC boosted its stake in shares of ViaSat by 26.8% during the second quarter. Global X Management Co LLC now owns 14,232 shares of the communications equipment provider’s stock valued at $935,000 after purchasing an additional 3,006 shares during the period. Jane Street Group LLC purchased a new stake in shares of ViaSat during the second quarter valued at $363,000. Finally, California Public Employees Retirement System boosted its stake in shares of ViaSat by 18.6% during the second quarter. California Public Employees Retirement System now owns 133,249 shares of the communications equipment provider’s stock valued at $8,757,000 after purchasing an additional 20,868 shares during the period.
ViaSat Company Profile
Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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