ViaSat, Inc. (NASDAQ:VSAT) Director Jeffrey M. Nash sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $72.26, for a total value of $144,520.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
ViaSat, Inc. (NASDAQ:VSAT) traded up $1.33 during trading on Thursday, reaching $73.56. The company’s stock had a trading volume of 617,210 shares, compared to its average volume of 448,040. ViaSat, Inc. has a one year low of $57.75 and a one year high of $74.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.71 and a current ratio of 2.26. The firm has a market capitalization of $4,300.00, a PE ratio of 1,458.00 and a beta of 0.74.
ViaSat (NASDAQ:VSAT) last posted its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The business had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $401.83 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. analysts anticipate that ViaSat, Inc. will post -0.98 earnings per share for the current year.
Several research firms have recently commented on VSAT. Zacks Investment Research lowered ViaSat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC upgraded ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, November 10th. B. Riley restated a “buy” rating and set a $89.00 price target on shares of ViaSat in a research report on Thursday, November 9th. Royal Bank Of Canada lowered their price target on ViaSat from $50.00 to $48.00 and set an “underperform” rating for the company in a research report on Thursday, October 5th. Finally, Jefferies Group LLC set a $67.00 price target on ViaSat and gave the stock a “hold” rating in a research report on Sunday, September 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. ViaSat currently has a consensus rating of “Hold” and an average target price of $74.17.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of ViaSat by 1.6% during the second quarter. BlackRock Inc. now owns 5,478,099 shares of the communications equipment provider’s stock worth $362,651,000 after purchasing an additional 84,457 shares in the last quarter. Vanguard Group Inc. increased its position in shares of ViaSat by 0.7% during the second quarter. Vanguard Group Inc. now owns 4,459,294 shares of the communications equipment provider’s stock worth $295,205,000 after purchasing an additional 30,325 shares in the last quarter. New South Capital Management Inc. increased its position in shares of ViaSat by 12.2% during the second quarter. New South Capital Management Inc. now owns 2,309,525 shares of the communications equipment provider’s stock worth $152,891,000 after purchasing an additional 251,890 shares in the last quarter. Odey Asset Management Group Ltd increased its position in ViaSat by 23.2% in the 2nd quarter. Odey Asset Management Group Ltd now owns 2,148,954 shares of the communications equipment provider’s stock valued at $142,261,000 after acquiring an additional 404,251 shares during the period. Finally, State Street Corp increased its position in ViaSat by 5.3% in the 2nd quarter. State Street Corp now owns 1,762,352 shares of the communications equipment provider’s stock valued at $116,669,000 after acquiring an additional 88,421 shares during the period. Institutional investors and hedge funds own 99.26% of the company’s stock.
ViaSat Company Profile
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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