ViaSat, Inc. (NASDAQ:VSAT) Director B Allen Lay sold 3,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $68.00, for a total value of $204,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of ViaSat stock opened at $70.79 on Friday. ViaSat, Inc. has a 12 month low of $59.16 and a 12 month high of $80.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.70 and a quick ratio of 0.88.
ViaSat (NASDAQ:VSAT) last announced its earnings results on Thursday, November 1st. The communications equipment provider reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.16. ViaSat had a negative return on equity of 4.95% and a negative net margin of 5.87%. The business had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $468.99 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business’s revenue was up 32.3% compared to the same quarter last year. Equities research analysts expect that ViaSat, Inc. will post -1.66 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. Summit Trail Advisors LLC acquired a new position in shares of ViaSat during the second quarter valued at approximately $133,000. LPL Financial LLC acquired a new position in shares of ViaSat during the first quarter valued at approximately $235,000. Royal Bank of Canada raised its holdings in shares of ViaSat by 109.7% during the first quarter. Royal Bank of Canada now owns 3,858 shares of the communications equipment provider’s stock valued at $252,000 after acquiring an additional 2,018 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of ViaSat in the second quarter valued at approximately $363,000. Finally, Natixis increased its holdings in shares of ViaSat by 51.3% in the second quarter. Natixis now owns 5,715 shares of the communications equipment provider’s stock valued at $376,000 after purchasing an additional 1,937 shares during the last quarter.
A number of research firms recently weighed in on VSAT. TheStreet raised ViaSat from a “d+” rating to a “c-” rating in a report on Thursday, July 19th. BidaskClub raised ViaSat from a “buy” rating to a “strong-buy” rating in a report on Saturday. ValuEngine raised ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Needham & Company LLC reduced their price target on ViaSat from $74.00 to $70.00 and set a “buy” rating for the company in a report on Monday, August 13th. Finally, Morgan Stanley reduced their price target on ViaSat from $71.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, September 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $69.38.
ViaSat Company Profile
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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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