ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit Sells 1,250 Shares of Stock

ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit sold 1,250 shares of ViaSat stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $79.08, for a total transaction of $98,850.00. Following the sale, the director now owns 2,850 shares in the company, valued at approximately $225,378. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:VSAT traded up $0.26 during midday trading on Friday, reaching $77.16. The company had a trading volume of 7,308 shares, compared to its average volume of 451,396. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.64 and a quick ratio of 1.34. The stock’s fifty day moving average price is $81.33 and its 200-day moving average price is $81.96. The stock has a market capitalization of $4.71 billion, a P/E ratio of -68.45 and a beta of 0.86. ViaSat, Inc. has a one year low of $55.93 and a one year high of $97.31.

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

Several large investors have recently modified their holdings of VSAT. Norges Bank bought a new stake in shares of ViaSat in the fourth quarter worth $30,846,000. Renaissance Technologies LLC increased its stake in ViaSat by 479.6% during the second quarter. Renaissance Technologies LLC now owns 428,293 shares of the communications equipment provider’s stock valued at $34,615,000 after purchasing an additional 354,400 shares during the last quarter. Morgan Stanley increased its stake in ViaSat by 815.9% during the second quarter. Morgan Stanley now owns 333,986 shares of the communications equipment provider’s stock valued at $26,994,000 after purchasing an additional 297,520 shares during the last quarter. Paloma Partners Management Co bought a new stake in ViaSat during the second quarter valued at $11,484,000. Finally, Brightline Capital Management LLC bought a new stake in ViaSat during the second quarter valued at $11,315,000. Institutional investors and hedge funds own 95.20% of the company’s stock.

VSAT has been the topic of a number of analyst reports. ValuEngine lowered shares of ViaSat from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. BidaskClub lowered shares of ViaSat from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. B. Riley lifted their price target on shares of ViaSat from $89.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Raymond James upgraded shares of ViaSat from a “market perform” rating to an “outperform” rating and set a $88.00 price target for the company in a research note on Friday, August 9th. Finally, Needham & Company LLC lifted their price target on shares of ViaSat from $78.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $94.71.

About ViaSat

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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