ViaSat, Inc. (NASDAQ:VSAT) Director Jeffrey M. Nash sold 1,000 shares of ViaSat stock in a transaction on Monday, December 17th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ VSAT traded up $0.91 during mid-day trading on Thursday, reaching $61.44. The stock had a trading volume of 238,786 shares, compared to its average volume of 325,236. ViaSat, Inc. has a 1 year low of $55.93 and a 1 year high of $80.26. The firm has a market cap of $3.57 billion, a P/E ratio of -71.44 and a beta of 0.89. The company has a quick ratio of 1.19, a current ratio of 1.70 and a debt-to-equity ratio of 0.61.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported ($0.40) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.16. ViaSat had a negative net margin of 5.87% and a negative return on equity of 4.95%. The company had revenue of $517.50 million during the quarter, compared to analyst estimates of $468.99 million. During the same period in the previous year, the business earned $0.09 EPS. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. As a group, equities analysts expect that ViaSat, Inc. will post -1.68 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in VSAT. BlackRock Inc. grew its position in ViaSat by 3.4% in the 3rd quarter. BlackRock Inc. now owns 6,401,562 shares of the communications equipment provider’s stock worth $409,381,000 after purchasing an additional 213,070 shares during the period. Vanguard Group Inc. grew its position in ViaSat by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,124,401 shares of the communications equipment provider’s stock worth $327,706,000 after purchasing an additional 153,301 shares during the period. Vanguard Group Inc grew its position in ViaSat by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 5,124,401 shares of the communications equipment provider’s stock worth $327,706,000 after purchasing an additional 153,301 shares during the period. Odey Asset Management Group Ltd grew its position in shares of ViaSat by 28.8% during the 3rd quarter. Odey Asset Management Group Ltd now owns 3,020,829 shares of the communications equipment provider’s stock valued at $193,182,000 after acquiring an additional 675,457 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of ViaSat by 5.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,412,023 shares of the communications equipment provider’s stock valued at $154,249,000 after acquiring an additional 119,576 shares during the period.
VSAT has been the topic of several research reports. ValuEngine cut ViaSat from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. BidaskClub cut ViaSat from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 11th. Raymond James lifted their price objective on ViaSat from $67.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, November 15th. TheStreet lowered shares of ViaSat from a “c-” rating to a “d+” rating in a report on Friday, October 5th. Finally, Morgan Stanley lowered their target price on shares of ViaSat from $71.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, September 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $66.86.
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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