ViaSat Director Sells $159,625 in Stock (VSAT)
ViaSat (NASDAQ:VSAT) Director John P. Stenbit sold 2,950 shares of the company’s stock on the open market in a transaction dated Monday, June 2nd. The stock was sold at an average price of $54.11, for a total transaction of $159,624.50. Following the completion of the transaction, the director now directly owns 3,200 shares in the company, valued at approximately $173,152. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on VSAT. Analysts at Drexel Hamilton initiated coverage on shares of ViaSat in a research note on Thursday, May 29th. They set a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of ViaSat from a “neutral” rating to an “underperform” rating in a research note on Monday, May 26th. They now have a $53.00 price target on the stock. Finally, analysts at Oppenheimer cut their price target on shares of ViaSat from $72.00 to $66.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $61.20.
ViaSat (NASDAQ:VSAT) traded up 1.11% on Tuesday, hitting $54.64. The stock had a trading volume of 269,828 shares. ViaSat has a one year low of $53.03 and a one year high of $74.78. The stock’s 50-day moving average is $61.02 and its 200-day moving average is $63.08. The company’s market cap is $2.534 billion.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.01. The company had revenue of $343.90 million for the quarter, compared to the consensus estimate of $348.98 million. During the same quarter last year, the company posted $0.19 earnings per share. ViaSat’s revenue was up 11.4% compared to the same quarter last year. On average, analysts predict that ViaSat will post $1.10 earnings per share for the current fiscal year.
ViaSat, Inc is a provider of high-speed fixed and mobile broadband services, advanced satellite and other wireless networks and secure networking systems, products and services.
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