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.
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.
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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