ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit sold 700 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $74.10, for a total transaction of $51,870.00. Following the transaction, the director now owns 10,300 shares of the company’s stock, valued at $763,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ViaSat, Inc. (VSAT) traded down $0.72 during trading on Friday, hitting $73.52. 333,618 shares of the stock were exchanged, compared to its average volume of 445,828. ViaSat, Inc. has a fifty-two week low of $57.75 and a fifty-two week high of $74.99. The stock has a market capitalization of $4,280.00, a price-to-earnings ratio of 1,471.20 and a beta of 0.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.71.

ViaSat (NASDAQ:VSAT) last released its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. ViaSat had a negative net margin of 0.75% and a positive return on equity of 0.13%. The business had revenue of $393.10 million during the quarter, compared to analyst estimates of $401.83 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. equities analysts expect that ViaSat, Inc. will post -0.98 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of ViaSat by 9.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock worth $105,000 after buying an additional 131 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of ViaSat by 13.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock valued at $121,000 after purchasing an additional 216 shares during the period. Virtu KCG Holdings LLC purchased a new stake in shares of ViaSat in the second quarter valued at about $203,000. Shelton Capital Management purchased a new stake in shares of ViaSat in the second quarter valued at about $206,000. Finally, Balter Liquid Alternatives LLC purchased a new stake in shares of ViaSat in the second quarter valued at about $208,000. 99.42% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the stock. B. Riley restated a “buy” rating and set a $89.00 price objective on shares of ViaSat in a research report on Sunday, August 13th. TheStreet cut shares of ViaSat from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada set a $50.00 price objective on shares of ViaSat and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Zacks Investment Research cut shares of ViaSat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Needham & Company LLC raised shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.36.

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About ViaSat

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.

Insider Buying and Selling by Quarter for ViaSat (NASDAQ:VSAT)

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