ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit sold 1,250 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $83.79, for a total value of $104,737.50. Following the transaction, the director now directly owns 2,850 shares in the company, valued at $238,801.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NASDAQ VSAT opened at $81.29 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.83 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $4.99 billion, a PE ratio of -71.94 and a beta of 0.85. ViaSat, Inc. has a 1 year low of $55.93 and a 1 year high of $97.31. The business has a 50-day simple moving average of $85.18.
ViaSat (NASDAQ:VSAT) last posted its earnings results on Thursday, May 23rd. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.29. The company had revenue of $557.20 million for the quarter, compared to analysts’ expectations of $538.73 million. ViaSat had a negative return on equity of 3.47% and a negative net margin of 3.27%. ViaSat’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period last year, the firm earned ($0.34) earnings per share. As a group, equities analysts anticipate that ViaSat, Inc. will post -0.1 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its stake in ViaSat by 23.5% during the 4th quarter. LPL Financial LLC now owns 7,010 shares of the communications equipment provider’s stock valued at $413,000 after acquiring an additional 1,334 shares in the last quarter. Bank of New York Mellon Corp grew its stake in ViaSat by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 619,174 shares of the communications equipment provider’s stock valued at $36,500,000 after acquiring an additional 7,057 shares in the last quarter. Northern Trust Corp grew its stake in ViaSat by 0.3% during the 4th quarter. Northern Trust Corp now owns 843,440 shares of the communications equipment provider’s stock valued at $49,720,000 after acquiring an additional 2,608 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in ViaSat by 4.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 32,921 shares of the communications equipment provider’s stock valued at $1,800,000 after acquiring an additional 1,485 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in ViaSat by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 86,681 shares of the communications equipment provider’s stock valued at $5,110,000 after acquiring an additional 1,955 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors.
VSAT has been the topic of several recent analyst reports. ValuEngine raised William Lyon Homes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 10th. B. Riley reissued a “buy” rating on shares of Skechers USA in a research note on Friday, April 26th. Zacks Investment Research raised Gerdau from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Needham & Company LLC raised their target price on ViaSat from $78.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, Raymond James reissued an “outperform” rating and issued a $36.00 target price on shares of Zymeworks in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ViaSat currently has an average rating of “Buy” and an average price target of $96.99.
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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