ViaSat, Inc. (VSAT) Director Sells $129,880.00 in Stock
ViaSat, Inc. (NASDAQ:VSAT) Director Jeffrey M. Nash sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $64.94, for a total value of $129,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of ViaSat, Inc. (VSAT) traded down 0.15% during trading on Tuesday, reaching $64.85. The company had a trading volume of 192,723 shares. The firm has a market capitalization of $3.76 billion, a P/E ratio of 280.74 and a beta of 0.71. The firm’s 50 day moving average price is $63.14 and its 200 day moving average price is $64.55. ViaSat, Inc. has a 12 month low of $57.75 and a 12 month high of $82.19.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The business had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $384.29 million. During the same period in the prior year, the company earned $0.23 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that ViaSat, Inc. will post $0.05 EPS for the current year.
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Several institutional investors have recently modified their holdings of VSAT. UBS Asset Management Americas Inc. lifted its stake in shares of ViaSat by 25.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 28,696 shares of the communications equipment provider’s stock worth $1,831,000 after purchasing an additional 5,878 shares during the period. Karp Capital Management Corp purchased a new position in shares of ViaSat during the 1st quarter worth $252,000. Ameriprise Financial Inc. lifted its stake in shares of ViaSat by 6.7% during the 1st quarter. Ameriprise Financial Inc. now owns 149,084 shares of the communications equipment provider’s stock worth $9,515,000 after purchasing an additional 9,337 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of ViaSat by 44.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 25,190 shares of the communications equipment provider’s stock worth $1,608,000 after purchasing an additional 7,758 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of ViaSat by 8.5% during the 1st quarter. Prudential Financial Inc. now owns 35,113 shares of the communications equipment provider’s stock worth $2,241,000 after purchasing an additional 2,740 shares during the period. 99.42% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on VSAT shares. B. Riley reiterated a “buy” rating and set a $89.00 price objective on shares of ViaSat in a research report on Sunday, August 13th. TheStreet downgraded ViaSat from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and set a $80.00 price objective (down previously from $82.00) on shares of ViaSat in a research report on Monday, July 10th. Jefferies Group LLC set a $67.00 price objective on ViaSat and gave the stock a “hold” rating in a research report on Sunday, September 10th. Finally, Royal Bank Of Canada set a $50.00 price objective on ViaSat and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $73.70.
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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