ViaSat, Inc. (VSAT) Director Jeffrey M. Nash Sells 5,000 Shares
ViaSat, Inc. (NASDAQ:VSAT) Director Jeffrey M. Nash sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $71.76, for a total transaction of $358,800.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $358,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
ViaSat, Inc. (NASDAQ:VSAT) traded up 0.75% during mid-day trading on Thursday, reaching $72.40. 349,891 shares of the company were exchanged. ViaSat, Inc. has a one year low of $61.85 and a one year high of $82.19. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 160.89 and a beta of 0.67. The stock has a 50 day moving average of $65.55 and a 200-day moving average of $66.26.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Tuesday, May 23rd. The communications equipment provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm had revenue of $416.40 million for the quarter, compared to analysts’ expectations of $400.90 million. ViaSat had a net margin of 1.02% and a return on equity of 1.55%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share. On average, equities analysts expect that ViaSat, Inc. will post $0.42 earnings per share for the current fiscal year.
Several research analysts recently weighed in on VSAT shares. JPMorgan Chase & Co. started coverage on shares of ViaSat in a report on Tuesday, April 4th. They set a “neutral” rating and a $74.00 price target on the stock. Royal Bank of Canada restated an “underperform” rating and set a $48.00 price target (up from $42.00) on shares of ViaSat in a report on Tuesday, March 28th. Barclays PLC started coverage on shares of ViaSat in a report on Tuesday, February 21st. They set an “equal weight” rating and a $75.00 price target on the stock. Zacks Investment Research upgraded shares of ViaSat from a “sell” rating to a “hold” rating in a report on Tuesday, February 14th. Finally, Wells Fargo & Co set a $96.00 price target on shares of ViaSat and gave the stock a “buy” rating in a report on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. ViaSat currently has a consensus rating of “Hold” and an average target price of $76.40.
Several large investors have recently added to or reduced their stakes in VSAT. Neuburgh Advisers LLC boosted its stake in ViaSat by 20.5% in the first quarter. Neuburgh Advisers LLC now owns 1,600 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 272 shares during the last quarter. Quantbot Technologies LP bought a new stake in ViaSat during the first quarter valued at about $105,000. Glen Harbor Capital Management LLC boosted its stake in ViaSat by 20.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,200 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 374 shares during the last quarter. Elkfork Partners LLC bought a new stake in ViaSat during the fourth quarter valued at about $154,000. Finally, Independent Portfolio Consultants Inc. bought a new stake in ViaSat during the first quarter valued at about $163,000. Hedge funds and other institutional investors own 82.39% of the company’s stock.
ViaSat Company Profile
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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