7,875 Shares in Viasat Inc. $VSAT Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC acquired a new stake in Viasat Inc. (NASDAQ:VSAT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,875 shares of the communications equipment provider’s stock, valued at approximately $707,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aberdeen Wealth Management LLC acquired a new stake in shares of Viasat in the second quarter valued at about $30,000. Elevation Wealth Partners LLC boosted its position in Viasat by 935.3% during the second quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock worth $32,000 after acquiring an additional 318 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in Viasat during the 2nd quarter valued at about $43,000. Trust Co. of Vermont acquired a new stake in Viasat in the 2nd quarter valued at about $46,000. Finally, Valued Wealth Advisors LLC purchased a new position in Viasat in the 1st quarter worth approximately $25,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Insider Activity at Viasat

In other Viasat news, Director Richard A. Baldridge sold 223,542 shares of Viasat stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $80.62, for a total transaction of $18,021,956.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Theresa Wise sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $69.00, for a total transaction of $172,500.00. Following the completion of the sale, the director directly owned 11,000 shares in the company, valued at $759,000. This trade represents a 18.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 675,861 shares of company stock valued at $47,705,388 over the last quarter. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley set a $95.00 target price on Viasat in a report on Monday, August 10th. Oppenheimer assumed coverage on shares of Viasat in a research report on Monday, June 29th. They set an “outperform” rating and a $140.00 price target on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $97.00 price objective on shares of Viasat in a report on Monday, June 1st. New Street Research initiated coverage on shares of Viasat in a research note on Wednesday, May 13th. They set a “buy” rating and a $100.00 target price on the stock. Finally, Needham & Company LLC boosted their target price on shares of Viasat from $90.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Viasat has an average rating of “Moderate Buy” and an average target price of $90.67.

Viasat Stock Performance

Shares of Viasat stock opened at $71.51 on Thursday. The firm has a market cap of $9.85 billion, a PE ratio of -297.96 and a beta of 1.72. The company has a quick ratio of 1.52, a current ratio of 1.68 and a debt-to-equity ratio of 1.23. Viasat Inc. has a 52 week low of $26.10 and a 52 week high of $93.03. The business’s fifty day simple moving average is $75.09 and its 200-day simple moving average is $64.04.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.34). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.20 billion. Viasat had a positive return on equity of 1.44% and a negative net margin of 0.64%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) earnings per share. Equities analysts forecast that Viasat Inc. will post -0.36 earnings per share for the current year.

Viasat Profile

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.