ViaSat Director Unloads $72,214 in Stock (VSAT)
ViaSat (NASDAQ:VSAT) Director Jeffrey M. Nash sold 1,125 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $64.19, for a total transaction of $72,213.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
ViaSat (NASDAQ:VSAT) traded up 0.88% during mid-day trading on Wednesday, hitting $64.07. 156,495 shares of the company’s stock traded hands. ViaSat has a one year low of $45.28 and a one year high of $74.78. The stock has a 50-day moving average of $68.89 and a 200-day moving average of $64.12. The company’s market cap is $2.953 billion.
ViaSat (NASDAQ:VSAT) last released its earnings data on Tuesday, February 11th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.06. The company had revenue of $332.60 million for the quarter, compared to the consensus estimate of $348.89 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts predict that ViaSat will post $0.46 earnings per share for the current fiscal year.
A number of research firms have recently commented on VSAT. Analysts at Wunderlich reiterated a “sell” rating on shares of ViaSat in a research note on Monday, March 17th. Analysts at Needham & Company LLC cut their price target on shares of ViaSat from $75.00 to $62.00 in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. ViaSat has an average rating of “Hold” and an average price target of $69.80.
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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