ViaSat (VSAT) Getting Somewhat Favorable Media Coverage, Analysis Finds
Media stories about ViaSat (NASDAQ:VSAT) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ViaSat earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news coverage about the communications equipment provider an impact score of 45.305673036506 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Satcom Direct named value-added reseller for high-speed Ka-band In-flight Internet service (financial-news.co.uk)
- Press Release: ViaSat signs Satcom Direct as first VAR for Ka-band IFC (runwaygirlnetwork.com)
- ViaSat (VSAT) Inks Reselling Agreement with Satcom Direct (finance.yahoo.com)
- ViaSat Signs Satcom Direct as First Value-Added Reseller for its High-Speed Ka-band In-flight Internet Service (prnewswire.com)
- Royal Bank Of Canada Cuts ViaSat, Inc. (VSAT) Price Target to $46.00 (americanbankingnews.com)
Shares of ViaSat (NASDAQ VSAT) traded up $0.04 during trading on Friday, reaching $73.64. The company had a trading volume of 188,505 shares, compared to its average volume of 447,306. ViaSat has a 1-year low of $57.75 and a 1-year high of $74.95. The firm has a market cap of $4,270.00, a price-to-earnings ratio of 1,472.00 and a beta of 0.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.71 and a current ratio of 2.26.
A number of equities research analysts have recently commented on VSAT shares. B. Riley reaffirmed a “buy” rating and set a $89.00 price target on shares of ViaSat in a research report on Thursday, November 9th. Needham & Company LLC raised ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Friday, November 10th. Zacks Investment Research lowered ViaSat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $46.00 price target (down previously from $48.00) on shares of ViaSat in a research report on Tuesday. Finally, Jefferies Group LLC set a $67.00 price target on ViaSat and gave the stock a “hold” rating in a research report on Sunday, September 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.36.
In related news, Director John P. Stenbit sold 700 shares of ViaSat stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $63.70, for a total value of $44,590.00. Following the sale, the director now owns 8,700 shares of the company’s stock, valued at approximately $554,190. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director B Allen Lay sold 5,000 shares of ViaSat stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $73.53, for a total value of $367,650.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at approximately $367,650. The disclosure for this sale can be found here. In the last three months, insiders sold 128,300 shares of company stock worth $8,169,794. 7.70% of the stock is owned by insiders.
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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