ViaSat, Inc. (NASDAQ:VSAT) insider Ken Allen Peterman sold 4,250 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $62.21, for a total transaction of $264,392.50. Following the sale, the insider now directly owns 15,415 shares of the company’s stock, valued at approximately $958,967.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ViaSat, Inc. (VSAT) traded down 4.10% on Thursday, hitting $59.12. 854,407 shares of the stock were exchanged. ViaSat, Inc. has a 1-year low of $57.75 and a 1-year high of $82.19. The stock’s 50-day moving average is $64.87 and its 200-day moving average is $65.53. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 255.93 and a beta of 0.68.
ViaSat (NASDAQ:VSAT) last issued its earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $380 million for the quarter, compared to the consensus estimate of $384.29 million. ViaSat had a return on equity of 1.21% and a net margin of 0.82%. ViaSat’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. Analysts forecast that ViaSat, Inc. will post $0.05 earnings per share for the current year.
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Several large investors have recently made changes to their positions in VSAT. PNC Financial Services Group Inc. increased its stake in shares of ViaSat by 9.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock worth $105,000 after buying an additional 131 shares during the last quarter. Neuburgh Advisers LLC increased its stake in shares of ViaSat by 20.5% in the first quarter. Neuburgh Advisers LLC now owns 1,600 shares of the communications equipment provider’s stock worth $102,000 after buying an additional 272 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of ViaSat during the first quarter worth about $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of ViaSat by 13.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 216 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in shares of ViaSat by 20.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,200 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 374 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on VSAT. B. Riley set a $89.00 target price on shares of ViaSat and gave the company a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research downgraded shares of ViaSat from a “hold” rating to a “sell” rating in a research report on Friday, May 26th. Cowen and Company raised shares of ViaSat from a “market perform” rating to an “outperform” rating in a research report on Saturday, June 3rd. TheStreet raised shares of ViaSat from a “c” rating to a “b-” rating in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada set a $48.00 target price on shares of ViaSat and gave the company a “sell” rating in a research report on Saturday, May 6th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. ViaSat currently has a consensus rating of “Hold” and an average price target of $76.45.
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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