ViaSat, Inc. (NASDAQ:VSAT) Director Harvey White Sells 1,000 Shares

ViaSat, Inc. (NASDAQ:VSAT) Director Harvey White sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $75.71, for a total transaction of $75,710.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Harvey White also recently made the following trade(s):

  • On Thursday, June 13th, Harvey White sold 3,770 shares of ViaSat stock. The shares were sold at an average price of $87.79, for a total transaction of $330,968.30.

VSAT stock traded down $0.12 during mid-day trading on Friday, reaching $79.32. The company had a trading volume of 220,884 shares, compared to its average volume of 388,068. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.64 and a quick ratio of 1.10. The company has a market capitalization of $4.87 billion, a PE ratio of -70.19 and a beta of 0.89. The firm has a 50 day moving average of $79.28 and a 200 day moving average of $82.64. ViaSat, Inc. has a 12 month low of $55.93 and a 12 month high of $97.31.

ViaSat (NASDAQ:VSAT) last issued its earnings results on Thursday, August 8th. The communications equipment provider reported ($0.19) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.10. The business had revenue of $537.00 million for the quarter, compared to the consensus estimate of $506.02 million. ViaSat had a negative net margin of 2.08% and a negative return on equity of 2.26%. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.30) EPS. Analysts anticipate that ViaSat, Inc. will post -0.15 EPS for the current year.

Several brokerages recently commented on VSAT. Bank of America reiterated a “buy” rating and set a $105.00 price target (up from $74.00) on shares of ViaSat in a report on Monday, June 3rd. BidaskClub downgraded shares of ViaSat from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Zacks Investment Research downgraded shares of ViaSat from a “buy” rating to a “hold” rating and set a $88.00 price target on the stock. in a report on Monday, July 29th. Needham & Company LLC upped their price target on shares of ViaSat from $78.00 to $100.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, ValuEngine downgraded shares of ViaSat from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $94.71.

A number of hedge funds have recently modified their holdings of the business. Treasurer of the State of North Carolina acquired a new stake in shares of ViaSat in the second quarter worth $2,212,000. Verition Fund Management LLC acquired a new stake in shares of ViaSat in the second quarter worth $1,289,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of ViaSat by 156.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,212 shares of the communications equipment provider’s stock worth $343,000 after acquiring an additional 2,568 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in shares of ViaSat by 62.1% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 6,648 shares of the communications equipment provider’s stock worth $537,000 after acquiring an additional 2,548 shares during the period. Finally, Ashford Capital Management Inc. increased its stake in shares of ViaSat by 2.2% in the second quarter. Ashford Capital Management Inc. now owns 372,737 shares of the communications equipment provider’s stock worth $30,125,000 after acquiring an additional 8,160 shares during the period. Institutional investors and hedge funds own 93.12% of the company’s stock.

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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