ViaSat Inc. (NASDAQ:VSAT) VP Keven K. Lippert sold 8,750 shares of ViaSat stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $72.38, for a total value of $633,325.00. Following the completion of the transaction, the vice president now owns 9,039 shares in the company, valued at approximately $654,242.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ViaSat Inc. (NASDAQ:VSAT) opened at 73.91 on Thursday. ViaSat Inc. has a 12-month low of $56.02 and a 12-month high of $82.19. The firm’s 50 day moving average price is $73.02 and its 200-day moving average price is $73.13. The stock has a market cap of $3.66 billion, a P/E ratio of 134.63 and a beta of 0.67.

ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.27 by $0.13. ViaSat had a net margin of 1.83% and a return on equity of 2.91%. The business earned $399.20 million during the quarter, compared to the consensus estimate of $378.83 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue was up 13.0% on a year-over-year basis. Equities research analysts anticipate that ViaSat Inc. will post $1.29 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its position in ViaSat by 281.4% in the second quarter. Nationwide Fund Advisors now owns 105,392 shares of the company’s stock valued at $7,525,000 after buying an additional 77,758 shares during the period. State Treasurer State of Michigan acquired a new position in shares of ViaSat during the second quarter worth approximately $1,292,000. UBS Asset Management Americas Inc. increased its position in shares of ViaSat by 1.9% in the second quarter. UBS Asset Management Americas Inc. now owns 31,570 shares of the company’s stock worth $2,254,000 after buying an additional 585 shares during the last quarter. Financial Engines Advisors L.L.C. increased its position in shares of ViaSat by 97.7% in the second quarter. Financial Engines Advisors L.L.C. now owns 30,536 shares of the company’s stock worth $2,180,000 after buying an additional 15,091 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of ViaSat by 4.2% in the first quarter. Geode Capital Management LLC now owns 306,490 shares of the company’s stock worth $22,520,000 after buying an additional 12,242 shares during the last quarter. 94.34% of the stock is owned by institutional investors and hedge funds.

VSAT has been the topic of several analyst reports. Macquarie downgraded ViaSat from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 16th. Zacks Investment Research upgraded ViaSat from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Monday, October 3rd. Bank of America Corp. initiated coverage on ViaSat in a report on Monday. They issued a “buy” rating and a $81.00 price objective on the stock. Jefferies Group initiated coverage on ViaSat in a report on Monday, August 1st. They issued a “hold” rating and a $85.00 price objective on the stock. Finally, Wunderlich boosted their price target on ViaSat from $50.00 to $58.00 and gave the company a “sell” rating in a report on Wednesday, November 9th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. ViaSat presently has a consensus rating of “Hold” and an average target price of $76.33.

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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.

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