ViaSat Director John P. Stenbit Unloads 3,100 Shares (VSAT)
ViaSat (NASDAQ:VSAT) Director John P. Stenbit sold 3,100 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $58.45, for a total transaction of $181,195.00. Following the completion of the sale, the director now directly owns 3,200 shares in the company, valued at approximately $187,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on VSAT. Analysts at Zacks upgraded shares of ViaSat from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $58.40 price target on the stock. Separately, 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. ViaSat presently has a consensus rating of “Hold” and an average target price of $62.28.
Shares of ViaSat (NASDAQ:VSAT) traded up 0.21% on Tuesday, hitting $58.62. The stock had a trading volume of 257,896 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. and a 200-day moving average of $61.82. The company’s market cap is $2.719 billion.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts predict that ViaSat will post $1.19 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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