ViaSat, Inc. (NASDAQ:VSAT) Director Jeffrey M. Nash sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $72.65, for a total transaction of $145,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
ViaSat, Inc. (NASDAQ VSAT) traded up $0.45 during trading on Friday, hitting $72.80. 806,880 shares of the stock traded hands, compared to its average volume of 381,215. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.21 and a current ratio of 1.68. The stock has a market cap of $4,323.97, a PE ratio of -102.54 and a beta of 0.84. ViaSat, Inc. has a 12-month low of $57.75 and a 12-month high of $80.26.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $381.80 million for the quarter, compared to analysts’ expectations of $392.99 million. ViaSat had a negative net margin of 2.59% and a negative return on equity of 1.13%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. equities research analysts forecast that ViaSat, Inc. will post -1.16 EPS for the current year.
Several analysts have issued reports on the stock. BidaskClub upgraded shares of ViaSat from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. JPMorgan Chase & Co. increased their target price on shares of ViaSat from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Zacks Investment Research cut shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Morgan Stanley assumed coverage on shares of ViaSat in a research note on Friday, December 15th. They issued an “equal weight” rating and a $78.00 target price on the stock. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $46.00 target price (down from $48.00) on shares of ViaSat in a research note on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. ViaSat currently has an average rating of “Hold” and a consensus price target of $74.20.
Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of ViaSat by 7.4% during the 4th quarter. SG Americas Securities LLC now owns 10,153 shares of the communications equipment provider’s stock valued at $760,000 after buying an additional 703 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of ViaSat by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 8,008 shares of the communications equipment provider’s stock valued at $515,000 after buying an additional 825 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ViaSat by 54.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the communications equipment provider’s stock valued at $210,000 after buying an additional 987 shares in the last quarter. Prudential Financial Inc. raised its position in shares of ViaSat by 2.9% during the 3rd quarter. Prudential Financial Inc. now owns 36,796 shares of the communications equipment provider’s stock valued at $2,367,000 after buying an additional 1,023 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of ViaSat by 1.9% during the 3rd quarter. Retirement Systems of Alabama now owns 69,613 shares of the communications equipment provider’s stock valued at $4,478,000 after buying an additional 1,312 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.
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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