ViaSat, Inc. (NASDAQ:VSAT) Director Sells $388,400.00 in Stock

ViaSat, Inc. (NASDAQ:VSAT) Director Robert W. Johnson sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $77.68, for a total value of $388,400.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at $388,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of VSAT stock traded up $0.94 on Thursday, reaching $80.79. 10,694 shares of the company’s stock traded hands, compared to its average volume of 496,206. ViaSat, Inc. has a 12-month low of $55.93 and a 12-month high of $97.31. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.64. The company has a market capitalization of $4.79 billion, a P/E ratio of -71.41 and a beta of 0.89. The business’s 50 day moving average price is $79.01 and its two-hundred day moving average price is $82.75.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Thursday, August 8th. The communications equipment provider reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.10. ViaSat had a negative return on equity of 2.26% and a negative net margin of 2.08%. The business had revenue of $537.00 million for the quarter, compared to the consensus estimate of $506.02 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. ViaSat’s revenue for the quarter was up 22.4% compared to the same quarter last year. Research analysts predict that ViaSat, Inc. will post -0.15 earnings per share for the current year.



Several hedge funds have recently modified their holdings of VSAT. Flagship Harbor Advisors LLC purchased a new position in shares of ViaSat during the second quarter valued at $29,000. Bank of Montreal Can grew its holdings in shares of ViaSat by 25.0% during the second quarter. Bank of Montreal Can now owns 915 shares of the communications equipment provider’s stock valued at $74,000 after buying an additional 183 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of ViaSat during the second quarter valued at $80,000. Meeder Asset Management Inc. purchased a new position in shares of ViaSat during the second quarter valued at $80,000. Finally, Pearl River Capital LLC purchased a new position in ViaSat in the second quarter valued at about $88,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

A number of brokerages have recently issued reports on VSAT. Raymond James raised ViaSat from a “market perform” rating to an “outperform” rating and set a $88.00 target price on the stock in a research report on Friday, August 9th. Zacks Investment Research lowered ViaSat from a “buy” rating to a “hold” rating and set a $88.00 target price on the stock. in a research report on Monday, July 29th. Needham & Company LLC boosted their target price on ViaSat from $78.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. BidaskClub lowered ViaSat from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, ValuEngine lowered ViaSat from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. ViaSat presently has a consensus rating of “Hold” and a consensus price target of $94.71.

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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