Share on StockTwits

ViaSat (NASDAQ:VSAT) Director John P. Stenbit unloaded 2,400 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $56.93, for a total transaction of $136,632.00. Following the transaction, the director now directly owns 3,200 shares of the company’s stock, valued at approximately $182,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of ViaSat (NASDAQ:VSAT) traded down 0.19% on Wednesday, hitting $57.37. The stock had a trading volume of 443,640 shares. ViaSat has a one year low of $51.50 and a one year high of $74.78. The stock has a 50-day moving average of $57.21 and a 200-day moving average of $61.28. The company’s market cap is $2.680 billion.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ 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. Analysts expect that ViaSat will post $0.73 EPS for the current fiscal year.

A number of research firms have recently commented on VSAT. 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 assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. ViaSat currently has an average rating of “Hold” and a consensus target price 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.

Receive News & Ratings for ViaSat Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.