Viasat Inc. (NASDAQ:VSAT - Get Free Report) CFO Garrett Chase sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $58.86, for a total transaction of $235,440.00. Following the sale, the chief financial officer owned 47,534 shares in the company, valued at $2,797,851.24. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Viasat Stock Performance
Shares of VSAT opened at $59.00 on Friday. The firm has a market cap of $8.13 billion, a P/E ratio of -245.83 and a beta of 1.76. Viasat Inc. has a twelve month low of $29.13 and a twelve month high of $93.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.52 and a current ratio of 1.68. The firm's 50 day moving average price is $70.95 and its two-hundred day moving average price is $70.63.
Viasat (NASDAQ:VSAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. Viasat had a negative net margin of 0.64% and a positive return on equity of 1.44%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The firm's revenue was down 1.2% compared to the same quarter last year. On average, analysts forecast that Viasat Inc. will post -0.38 EPS for the current fiscal year.
Institutional Trading of Viasat
A number of hedge funds have recently made changes to their positions in VSAT. BlackRock Inc. bought a new position in shares of Viasat during the 2nd quarter worth approximately $1,863,374,000. Dimensional Fund Advisors LP increased its holdings in shares of Viasat by 18.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,789,539 shares of the communications equipment provider's stock worth $219,346,000 after acquiring an additional 738,656 shares during the last quarter. Van ECK Associates Corp raised its stake in Viasat by 53.1% in the 2nd quarter. Van ECK Associates Corp now owns 2,243,040 shares of the communications equipment provider's stock valued at $201,447,000 after acquiring an additional 777,761 shares during the period. Bank of America Corp DE bought a new stake in Viasat in the 2nd quarter valued at $127,283,000. Finally, Tidal Investments LLC raised its stake in Viasat by 8,261.7% in the 2nd quarter. Tidal Investments LLC now owns 976,646 shares of the communications equipment provider's stock valued at $87,713,000 after acquiring an additional 964,966 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Viasat from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 29th. Wall Street Zen cut Viasat from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Oppenheimer assumed coverage on Viasat in a research note on Monday, June 29th. They issued an "outperform" rating and a $140.00 price target on the stock. Morgan Stanley set a $95.00 price target on Viasat in a research note on Monday, August 10th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Viasat in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Viasat has a consensus rating of "Moderate Buy" and a consensus price target of $90.67.
Read Our Latest Stock Analysis on VSAT
Viasat Company Profile
(
Get Free Report)
Viasat, Inc is a communications technology company that provides satellite-based connectivity and related services to commercial, government and consumer customers. The company's offerings include high-speed broadband, satellite communications, network services and connectivity solutions designed for locations where terrestrial networks may be limited or unavailable.
Viasat serves the aviation, maritime, residential broadband, enterprise and government markets. Its services support in-flight internet for commercial and business aircraft, connectivity for ships and offshore operations, broadband access for homes and communities, and secure communications for government and defense customers.
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