ViaSat, Inc. (VSAT) Director Jeffrey M. Nash Sells 2,000 Shares
ViaSat, Inc. (NASDAQ:VSAT) Director Jeffrey M. Nash sold 2,000 shares of ViaSat stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $64.94, for a total value of $129,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
ViaSat, Inc. (VSAT) opened at 64.85 on Wednesday. The firm’s 50-day moving average price is $63.14 and its 200-day moving average price is $64.55. The company has a market cap of $3.76 billion, a PE ratio of 280.74 and a beta of 0.71. ViaSat, Inc. has a one year low of $57.75 and a one year high of $82.19.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $380.00 million during the quarter, compared to analyst estimates of $384.29 million. ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. On average, equities research analysts forecast that ViaSat, Inc. will post $0.05 earnings per share for the current fiscal year.
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A number of analysts recently commented on VSAT shares. Barclays PLC reiterated an “equal weight” rating and issued a $80.00 price objective (down from $82.00) on shares of ViaSat in a research report on Monday, July 10th. Royal Bank Of Canada set a $50.00 price objective on ViaSat and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. B. Riley reiterated a “buy” rating and issued a $89.00 price objective on shares of ViaSat in a research report on Sunday, August 13th. Finally, Jefferies Group LLC set a $67.00 price objective on ViaSat and gave the stock a “hold” rating in a research report on Sunday, September 10th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $73.70.
Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of ViaSat by 9.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after buying an additional 131 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of ViaSat by 13.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock valued at $121,000 after buying an additional 216 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of ViaSat in the second quarter valued at about $203,000. Shelton Capital Management acquired a new stake in shares of ViaSat in the second quarter valued at about $206,000. Finally, Balter Liquid Alternatives LLC acquired a new stake in shares of ViaSat in the second quarter valued at about $208,000. 99.42% of the stock is owned by institutional investors.
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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