ViaSat, Inc. (NASDAQ:VSAT) CEO Mark D. Dankberg sold 100,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $90.69, for a total value of $9,069,000.00. Following the transaction, the chief executive officer now owns 100,000 shares in the company, valued at approximately $9,069,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
VSAT stock opened at $88.40 on Wednesday. ViaSat, Inc. has a fifty-two week low of $55.93 and a fifty-two week high of $97.31. The company has a current ratio of 1.83, a quick ratio of 1.34 and a debt-to-equity ratio of 0.73. The company has a market cap of $5.49 billion, a price-to-earnings ratio of -78.23 and a beta of 0.98.
ViaSat (NASDAQ:VSAT) last posted its earnings results on Thursday, May 23rd. The communications equipment provider reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.29. ViaSat had a negative return on equity of 3.47% and a negative net margin of 3.27%. The firm had revenue of $557.20 million for the quarter, compared to the consensus estimate of $538.73 million. During the same quarter in the prior year, the business earned ($0.34) EPS. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, analysts expect that ViaSat, Inc. will post -0.1 EPS for the current year.
VSAT has been the topic of a number of research analyst reports. BidaskClub upgraded ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Barclays restated a “sell” rating and set a $66.00 price target on shares of ViaSat in a report on Wednesday, February 13th. Raymond James boosted their price target on ViaSat from $73.00 to $81.00 and gave the company a “positive” rating in a report on Friday, February 15th. ValuEngine upgraded ViaSat from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 10th. Finally, B. Riley boosted their price target on ViaSat from $89.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $96.99.
TRADEMARK VIOLATION NOTICE: This piece of content was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://dakotafinancialnews.com/2019/06/12/mark-d-dankberg-sells-100000-shares-of-viasat-inc-nasdaqvsat-stock.html.
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.
Featured Story: The role of implied volatility with call option volume
Receive News & Ratings for ViaSat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat and related companies with MarketBeat.com's FREE daily email newsletter.