ViaSat, Inc. (VSAT) Director John P. Stenbit Sells 800 Shares

ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit sold 800 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $74.86, for a total value of $59,888.00. Following the transaction, the director now owns 10,400 shares of the company’s stock, valued at $778,544. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

ViaSat, Inc. (VSAT) traded down $0.27 during trading hours on Wednesday, reaching $74.58. The company had a trading volume of 511,900 shares, compared to its average volume of 432,500. ViaSat, Inc. has a one year low of $57.75 and a one year high of $75.88. The stock has a market cap of $4,340.00, a price-to-earnings ratio of -372.90 and a beta of 0.78. The company has a quick ratio of 1.71, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.

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

A number of large investors have recently added to or reduced their stakes in VSAT. JPMorgan Chase & Co. increased its stake in ViaSat by 1,936.1% in the second quarter. JPMorgan Chase & Co. now owns 12,135 shares of the communications equipment provider’s stock worth $803,000 after purchasing an additional 11,539 shares during the period. Fiduciary Management Inc. WI purchased a new stake in ViaSat in the second quarter worth $28,948,000. ThornTree Capital Partners LP increased its stake in ViaSat by 12.3% in the third quarter. ThornTree Capital Partners LP now owns 259,700 shares of the communications equipment provider’s stock worth $16,704,000 after purchasing an additional 28,500 shares during the period. Bank of New York Mellon Corp increased its stake in ViaSat by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 612,164 shares of the communications equipment provider’s stock worth $40,525,000 after purchasing an additional 29,808 shares during the period. Finally, Cobblestone Capital Advisors LLC NY increased its stake in ViaSat by 3.9% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 110,785 shares of the communications equipment provider’s stock worth $7,126,000 after purchasing an additional 4,165 shares during the period. Institutional investors own 99.42% of the company’s stock.

A number of research analysts have recently commented on the company. BidaskClub upgraded ViaSat from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley assumed coverage on ViaSat in a research report on Friday, December 15th. They set an “equal weight” rating and a $78.00 target price for the company. Royal Bank of Canada reiterated an “underperform” rating and set a $46.00 target price (down from $48.00) on shares of ViaSat in a research report on Tuesday, November 21st. Zacks Investment Research downgraded ViaSat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Needham & Company LLC upgraded ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $73.75.

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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.

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

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