Insider Selling: ViaSat, Inc. (VSAT) VP Sells 2,938 Shares of Stock
ViaSat, Inc. (NASDAQ:VSAT) VP Toro Melinda Michele Del sold 2,938 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $65.11, for a total value of $191,293.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
ViaSat, Inc. (NASDAQ:VSAT) traded down 0.52% during mid-day trading on Monday, hitting $64.70. The company’s stock had a trading volume of 391,206 shares. The firm’s 50-day moving average is $66.36 and its 200-day moving average is $69.96. The company has a market cap of $3.73 billion, a P/E ratio of 153.68 and a beta of 0.67. ViaSat, Inc. has a 12-month low of $63.00 and a 12-month high of $82.19.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm earned $380.60 million during the quarter, compared to analyst estimates of $389.81 million. ViaSat had a return on equity of 2.12% and a net margin of 1.42%. ViaSat’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. Analysts predict that ViaSat, Inc. will post $1.13 EPS for the current fiscal year.
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VSAT has been the subject of a number of analyst reports. Bank of America Corp initiated coverage on ViaSat in a research report on Monday, November 21st. They set a “buy” rating and a $81.00 price objective for the company. B. Riley reaffirmed a “buy” rating and set a $89.00 price objective on shares of ViaSat in a research report on Monday, February 6th. Barclays PLC initiated coverage on ViaSat in a report on Tuesday, February 21st. They issued an “equal weight” rating and a $75.00 target price for the company. Needham & Company LLC reissued a “hold” rating on shares of ViaSat in a report on Thursday, February 16th. Finally, Zacks Investment Research raised ViaSat from a “sell” rating to a “hold” rating in a report on Tuesday, February 14th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. ViaSat presently has an average rating of “Hold” and a consensus target price of $74.30.
Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in shares of ViaSat by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 466,636 shares of the company’s stock worth $34,836,000 after buying an additional 7,860 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of ViaSat by 1.1% in the third quarter. State Treasurer State of Michigan now owns 18,300 shares of the company’s stock worth $1,366,000 after buying an additional 200 shares during the last quarter. Aperio Group LLC raised its stake in shares of ViaSat by 5.0% in the third quarter. Aperio Group LLC now owns 5,557 shares of the company’s stock worth $415,000 after buying an additional 264 shares during the last quarter. Three Peaks Capital Management LLC raised its stake in shares of ViaSat by 5.8% in the third quarter. Three Peaks Capital Management LLC now owns 57,309 shares of the company’s stock worth $4,278,000 after buying an additional 3,118 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of ViaSat by 0.5% in the third quarter. Arizona State Retirement System now owns 19,200 shares of the company’s stock worth $1,433,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 82.39% of the company’s stock.
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.
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