Insider Selling: Jeffrey Nash Sells 1,125 Shares of ViaSat Stock (VSAT)
ViaSat (NASDAQ:VSAT) Director Jeffrey Nash sold 1,125 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $66.01, for a total value of $74,261.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
ViaSat (NASDAQ:VSAT) traded up 0.18% during mid-day trading on Thursday, hitting $65.32. The stock had a trading volume of 209,411 shares. ViaSat has a 1-year low of $34.67 and a 1-year high of $73.43. The stock’s 50-day moving average is $64.90 and its 200-day moving average is $63.33. The company’s market cap is $2.968 billion.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.10. The company had revenue of $321.10 million for the quarter, compared to the consensus estimate of $299.48 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The company’s revenue for the quarter was up 32.8% on a year-over-year basis. On average, analysts predict that ViaSat will post $0.59 earnings per share for the current fiscal year.
A number of research firms have recently commented on VSAT. Analysts at Wells Fargo & Co. initiated coverage on shares of ViaSat in a research note to investors on Monday, September 23rd. They set a “market perform” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of ViaSat from $70.00 to $79.00 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of ViaSat from $66.00 to $75.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. ViaSat presently has a consensus rating of “Hold” and a consensus price target of $62.28.
ViaSat, Inc, is a provider of high-speed fixed and mobile broadband services, advanced satellite and wireless networks and secure networking systems, products and services.
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