Keven K. Lippert Sells 8,750 Shares of ViaSat Inc. (VSAT) Stock
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.
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.
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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