Insider Buying: ViaSat SVP Bruce Leroy Dirks Purchases 1,000 Shares of Stock (VSAT)
ViaSat (NASDAQ:VSAT) SVP Bruce Leroy Dirks bought 1,000 shares of ViaSat stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $55.01 per share, with a total value of $55,010.00. Following the acquisition, the senior vice president now directly owns 9,469 shares in the company, valued at approximately $520,890. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on VSAT shares. Analysts at Stephens downgraded shares of ViaSat from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 15th. Separately, analysts at Oppenheimer downgraded shares of ViaSat from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 14th. They now have a $62.00 price target on the stock. Finally, analysts at Needham & Company LLC cut their price target on shares of ViaSat from $67.00 to $61.00 in a research note on Wednesday, August 13th. They now have a “strong-buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $59.88.
ViaSat (NASDAQ:VSAT) traded up 0.09% during mid-day trading on Wednesday, hitting $55.43. The stock had a trading volume of 295,634 shares. ViaSat has a 52 week low of $51.50 and a 52 week high of $74.78. The stock has a 50-day moving average of $57.36 and a 200-day moving average of $61.42. The company’s market cap is $2.589 billion.
ViaSat (NASDAQ:VSAT) last released its earnings data on Tuesday, August 12th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.10. The company had revenue of $319.50 million for the quarter, compared to the consensus estimate of $349.88 million. On average, analysts predict that ViaSat will post $0.84 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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