ViaSat (VSAT) Getting Somewhat Positive News Coverage, Study Finds

Press coverage about ViaSat (NASDAQ:VSAT) has been trending somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. ViaSat earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 44.985605728997 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have weighed in on VSAT shares. Zacks Investment Research upgraded ViaSat from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective for the company in a research note on Monday, November 13th. Morgan Stanley started coverage on ViaSat in a research note on Friday, December 15th. They issued an “equal weight” rating and a $78.00 price objective for the company. BidaskClub cut ViaSat from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated an “underperform” rating and issued a $46.00 price objective (down previously from $48.00) on shares of ViaSat in a research note on Tuesday, November 21st. Finally, JPMorgan Chase & Co. boosted their price objective on ViaSat from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $74.20.

Shares of ViaSat (VSAT) opened at $75.46 on Tuesday. ViaSat has a 52 week low of $57.75 and a 52 week high of $80.26. The company has a current ratio of 1.68, a quick ratio of 1.21 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $4,390.00, a P/E ratio of -154.00 and a beta of 0.84.

ViaSat (NASDAQ:VSAT) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. ViaSat had a negative return on equity of 1.13% and a negative net margin of 2.59%. The business had revenue of $381.80 million during the quarter, compared to analysts’ expectations of $392.99 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. research analysts forecast that ViaSat will post -1.16 EPS for the current fiscal year.

In other news, Director John P. Stenbit sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $74.86, for a total transaction of $59,888.00. Following the completion of the sale, the director now owns 10,400 shares in the company, valued at $778,544. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Keven K. Lippert sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $72.13, for a total value of $129,834.00. Following the sale, the insider now owns 170 shares of the company’s stock, valued at approximately $12,262.10. The disclosure for this sale can be found here. Insiders have sold 3,300 shares of company stock valued at $238,624 in the last 90 days. Company insiders own 7.70% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for ViaSat (NASDAQ:VSAT)

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