ViaSat, Inc. (NASDAQ:VSAT) – Stock analysts at William Blair upped their FY2020 EPS estimates for shares of ViaSat in a research note issued to investors on Wednesday, May 8th. William Blair analyst L. Dipalma now forecasts that the communications equipment provider will post earnings per share of ($1.01) for the year, up from their prior forecast of ($1.24).
Several other research analysts have also recently weighed in on VSAT. Zacks Investment Research raised shares of ViaSat from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Saturday, January 19th. BidaskClub raised shares of ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Barclays reissued a “sell” rating and issued a $66.00 price target on shares of ViaSat in a report on Wednesday, February 13th. Raymond James increased their price target on shares of ViaSat from $73.00 to $81.00 and gave the company a “positive” rating in a report on Friday, February 15th. Finally, ValuEngine raised shares of ViaSat from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $82.88.
In other ViaSat news, Director B Allen Lay sold 1,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $90.96, for a total value of $90,960.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey M. Nash sold 5,000 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $75.00, for a total transaction of $375,000.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $375,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,625 shares of company stock worth $7,848,426. Insiders own 8.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of ViaSat during the first quarter worth approximately $34,000. Enlightenment Research LLC bought a new position in shares of ViaSat during the fourth quarter worth approximately $29,000. Advisor Group Inc. increased its holdings in shares of ViaSat by 113.9% during the first quarter. Advisor Group Inc. now owns 599 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 319 shares during the period. IFP Advisors Inc increased its holdings in shares of ViaSat by 245.3% during the fourth quarter. IFP Advisors Inc now owns 1,478 shares of the communications equipment provider’s stock worth $86,000 after purchasing an additional 1,050 shares during the period. Finally, World Asset Management Inc bought a new position in shares of ViaSat during the first quarter worth approximately $202,000.
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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