ViaSat, Inc. (NASDAQ:VSAT) Director Jeffrey M. Nash sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $72.65, for a total transaction of $145,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of ViaSat stock opened at $72.80 on Monday. The firm has a market cap of $4,286.90, a price-to-earnings ratio of -102.54 and a beta of 0.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.68 and a quick ratio of 1.21. ViaSat, Inc. has a one year low of $57.75 and a one year high of $80.26.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. ViaSat had a negative net margin of 2.59% and a negative return on equity of 1.13%. The business had revenue of $381.80 million during the quarter, compared to the consensus estimate of $392.99 million. During the same quarter last year, the firm posted $0.29 EPS. ViaSat’s revenue was up .3% compared to the same quarter last year. analysts expect that ViaSat, Inc. will post -1.16 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of VSAT. Sylebra HK Co Ltd acquired a new stake in ViaSat in the 4th quarter valued at $36,697,000. Bridger Management LLC acquired a new stake in ViaSat in the 4th quarter valued at $35,880,000. Partners Capital Investment Group LLP acquired a new stake in ViaSat in the 4th quarter valued at $28,486,000. Fiduciary Management Inc. WI grew its position in ViaSat by 78.2% in the 3rd quarter. Fiduciary Management Inc. WI now owns 779,160 shares of the communications equipment provider’s stock valued at $50,116,000 after purchasing an additional 341,875 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new stake in ViaSat in the 4th quarter valued at $19,848,000. 99.42% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on VSAT. Morgan Stanley began coverage on shares of 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 upgraded shares of ViaSat from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. JPMorgan Chase & Co. lifted their price objective on shares of ViaSat from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Zacks Investment Research lowered shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.20.
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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.
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