Insider Buying: Bruce Leroy Dirks Buys 1,000 Shares of ViaSat Stock (VSAT)
ViaSat (NASDAQ:VSAT) SVP Bruce Leroy Dirks bought 1,000 shares of ViaSat stock on the open market 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 completion of the purchase, the senior vice president now directly owns 9,469 shares of the company’s stock, valued at approximately $520,890. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of ViaSat (NASDAQ:VSAT) opened at 56.30 on Friday. 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 $57.27 and a 200-day moving average of $61.34. The company’s market cap is $2.630 billion.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters 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 $0.72 earnings per share for the current fiscal year.
VSAT has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.88.
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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