ViaSat, Inc. (VSAT) Director John P. Stenbit Sells 700 Shares
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.
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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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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