ViaSat VP Sells $1,286,614 in Stock (VSAT)
ViaSat (NASDAQ:VSAT) VP Keven K. Lippert unloaded 22,592 shares of ViaSat stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $56.95, for a total transaction of $1,286,614.40. The sale was disclosed in a legal filing with the SEC, which is available at this link.
ViaSat (NASDAQ:VSAT) traded down 1.22% on Monday, hitting $56.87. The stock had a trading volume of 187,464 shares. ViaSat has a one year low of $53.03 and a one year high of $74.78. The stock has a 50-day moving average of $57.61 and a 200-day moving average of $62.68. The company’s market cap is $2.638 billion.
ViaSat (NASDAQ:VSAT) last released its earnings data on Tuesday, May 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts expect that ViaSat will post $1.14 EPS for the current fiscal year.
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 investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. ViaSat presently has a consensus rating of “Hold” and a consensus price target of $61.20.
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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