Key Points
- Director Theresa Wise sold 2,500 Viasat shares at an average price of $84.69, generating $211,725 and reducing her ownership by 18.52% to 11,000 shares.
- Viasat’s stock opened at $81.99, near the upper end of its 52-week range, while the company’s latest quarterly results missed analysts’ EPS and revenue estimates despite 2.1% year-over-year revenue growth.
- Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus rating and an average price target of $85.78; however, recent insider selling and competitive and execution risks remain concerns.
Viasat Inc. (NASDAQ:VSAT - Get Free Report) Director Theresa Wise sold 2,500 shares of Viasat stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $84.69, for a total transaction of $211,725.00. Following the completion of the sale, the director owned 11,000 shares in the company, valued at $931,590. This trade represents a 18.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Theresa Wise also recently made the following trade(s):
- On Monday, June 8th, Theresa Wise sold 2,500 shares of Viasat stock. The stock was sold at an average price of $69.00, for a total transaction of $172,500.00.
Viasat Stock Up 1.2%
Viasat stock opened at $81.99 on Friday. The company has a current ratio of 1.68, a quick ratio of 2.19 and a debt-to-equity ratio of 1.23. Viasat Inc. has a 1-year low of $24.95 and a 1-year high of $93.03. The company has a fifty day simple moving average of $72.30 and a 200 day simple moving average of $60.57. The company has a market cap of $11.29 billion, a P/E ratio of -341.62 and a beta of 1.72.
Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The communications equipment provider reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.34). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.20 billion. Viasat had a positive return on equity of 1.44% and a negative net margin of 0.64%.The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) earnings per share. Research analysts anticipate that Viasat Inc. will post -0.28 earnings per share for the current fiscal year.
Trending Headlines about Viasat
Here are the key news stories impacting Viasat this week:
- Positive Sentiment: Viasat reported fiscal Q1 2027 adjusted earnings of $0.17 per share, above the approximately $0.10 consensus estimate. Lower interest expense helped improve profitability and supported the earnings beat. Viasat Q1 Earnings Surpass Estimates
- Positive Sentiment: Management expects roughly $180 million in fiscal 2027 free cash flow while maintaining its $950 million-$1 billion capital-expenditure plan. Record Direct-to-Air awards and growth in government, aviation and maritime connectivity also reinforce the long-term outlook. Viasat Free Cash Flow Outlook
- Positive Sentiment: Two ViaSat-3 satellites are nearing service, potentially adding capacity for commercial and government customers. Needham raised its price target from $90 to $105 and maintained a Buy rating, providing additional support for the stock’s valuation. Needham Raises Viasat Price Target
- Neutral Sentiment: Viasat’s recent rally has increased investor focus on whether ViaSat-3 commercialization, new contracts and improved cash generation can justify the higher valuation. Competitive pressure and execution remain important risks. Viasat Rally and Outlook
- Negative Sentiment: Quarterly revenue of approximately $1.16 billion missed the $1.20 billion analyst estimate and declined year over year. The revenue shortfall raises concerns about near-term demand despite the adjusted earnings beat.
- Negative Sentiment: Several insiders sold shares: Director Theresa Wise sold 2,500 shares, Director John Stenbit sold 616 shares, and SVP Benjamin Palmer sold 2,400 shares. These transactions are a modest negative signal, although insider selling can reflect personal liquidity needs rather than a change in company fundamentals. Viasat Insider Selling
Analyst Ratings Changes
VSAT has been the subject of several recent research reports. New Street Research started coverage on Viasat in a research report on Wednesday, May 13th. They set a "buy" rating and a $100.00 price target for the company. Zacks Research raised Viasat from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 29th. Oppenheimer assumed coverage on shares of Viasat in a research note on Monday, June 29th. They issued an "outperform" rating and a $140.00 target price for the company. Needham & Company LLC boosted their target price on shares of Viasat from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, B. Riley Financial upped their price target on shares of Viasat from $94.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.78.
View Our Latest Stock Analysis on Viasat
Hedge Funds Weigh In On Viasat
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Elevation Wealth Partners LLC increased its position in Viasat by 935.3% during the second quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider's stock worth $32,000 after buying an additional 318 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of Viasat in the first quarter valued at approximately $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Viasat in the fourth quarter valued at approximately $36,000. Los Angeles Capital Management LLC bought a new position in shares of Viasat during the 4th quarter worth approximately $38,000. Finally, International Assets Investment Management LLC bought a new position in shares of Viasat during the 1st quarter worth approximately $51,000. Institutional investors own 86.05% of the company's stock.
About Viasat
(
Get Free Report)
Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.
Viasat's product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.
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