Key Points
- CAO Shawn Lynn Duffy sold 51,480 Viasat shares on Dec. 12 at an average price of $36.38 for a total of $1,872,842.40, cutting his position by 89.53% to 6,021 shares; the trade was disclosed in an SEC filing.
- Viasat posted quarterly EPS of $0.09 (beating estimates) but revenue of $1.14B slightly missed expectations, while the company still shows negative margins and analysts forecast -0.54 EPS for the fiscal year.
- Shares trade near $34.40 (12‑month range $7.36–$43.59) with a market cap of $4.65B; analyst coverage is mixed, with a consensus "Hold" and an average target of $32.75.
Viasat Inc. (NASDAQ:VSAT - Get Free Report) CAO Shawn Lynn Duffy sold 51,480 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $36.38, for a total transaction of $1,872,842.40. Following the sale, the chief accounting officer directly owned 6,021 shares of the company's stock, valued at $219,043.98. The trade was a 89.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Viasat Price Performance
NASDAQ VSAT opened at $34.40 on Wednesday. The firm's fifty day simple moving average is $35.84 and its two-hundred day simple moving average is $26.61. The company has a current ratio of 2.08, a quick ratio of 1.84 and a debt-to-equity ratio of 1.43. Viasat Inc. has a 12-month low of $7.36 and a 12-month high of $43.59. The firm has a market capitalization of $4.65 billion, a P/E ratio of -8.60 and a beta of 1.37.
Viasat (NASDAQ:VSAT - Get Free Report) last issued its quarterly earnings data on Saturday, November 8th. The communications equipment provider reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.20. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Viasat had a negative return on equity of 3.65% and a negative net margin of 11.40%.The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.23) EPS. Analysts forecast that Viasat Inc. will post -0.54 EPS for the current fiscal year.
Institutional Trading of Viasat
Several large investors have recently made changes to their positions in VSAT. Quent Capital LLC purchased a new position in shares of Viasat during the third quarter worth $25,000. Hantz Financial Services Inc. grew its position in Viasat by 6,815.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider's stock worth $26,000 after purchasing an additional 886 shares during the period. Salomon & Ludwin LLC acquired a new stake in Viasat during the 3rd quarter worth about $28,000. PNC Financial Services Group Inc. raised its stake in shares of Viasat by 233.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the communications equipment provider's stock valued at $33,000 after buying an additional 2,224 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of Viasat by 74.7% in the 1st quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider's stock valued at $40,000 after buying an additional 1,640 shares during the period. 86.05% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Raymond James Financial raised Viasat from a "market perform" rating to an "outperform" rating and set a $52.00 price target for the company in a report on Monday, November 10th. JPMorgan Chase & Co. raised shares of Viasat from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $23.00 to $50.00 in a research report on Tuesday, November 11th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Viasat in a research note on Wednesday, October 8th. William Blair restated an "outperform" rating on shares of Viasat in a research note on Wednesday, August 27th. Finally, Barclays reiterated an "underweight" rating and set a $23.00 price objective (up from $10.00) on shares of Viasat in a research note on Wednesday, October 1st. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $32.75.
Read Our Latest Report on Viasat
About Viasat
(
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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 entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.
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