ViaSat Inc. (NASDAQ:VSAT)’s share price gapped up prior to trading on Friday . The stock had previously closed at $70.68, but opened at $71.02. ViaSat shares last traded at $73.56, with a volume of 112,846 shares.

A number of equities analysts have commented on VSAT shares. Drexel Hamilton lowered shares of ViaSat from a “hold” rating to a “sell” rating and set a $61.00 price objective on the stock. in a report on Monday, May 23rd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Thursday, June 23rd. Wunderlich restated a “sell” rating and issued a $50.00 target price (up previously from $48.00) on shares of ViaSat in a research note on Monday, May 23rd. TheStreet lowered shares of ViaSat from a “buy” rating to a “hold” rating in a research note on Wednesday, June 1st. Finally, B. Riley restated a “buy” rating and issued a $89.00 target price on shares of ViaSat in a research note on Monday, May 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. ViaSat presently has a consensus rating of “Hold” and a consensus target price of $70.00.

The firm has a 50 day moving average of $70.82 and a 200-day moving average of $69.35. The firm has a market cap of $3.60 billion and a PE ratio of 167.36.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Tuesday, May 24th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The firm had revenue of $372 million for the quarter, compared to the consensus estimate of $370.17 million. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. Equities research analysts expect that ViaSat Inc. will post $1.16 EPS for the current year.

In other news, VP Keven K. Lippert sold 8,750 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $73.81, for a total transaction of $645,837.50. Following the transaction, the vice president now owns 8,750 shares in the company, valued at approximately $645,837.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John P. Stenbit sold 700 shares of the stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $76.73, for a total transaction of $53,711.00. Following the transaction, the director now owns 7,100 shares in the company, valued at approximately $544,783. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of ViaSat by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 298,761 shares of the company’s stock valued at $18,227,000 after buying an additional 13,416 shares during the period. Wells Fargo & Company MN raised its position in ViaSat by 8.6% in the fourth quarter. Wells Fargo & Company MN now owns 17,647 shares of the company’s stock worth $1,077,000 after buying an additional 1,395 shares during the last quarter. New York State Common Retirement Fund raised its position in ViaSat by 5.4% in the fourth quarter. New York State Common Retirement Fund now owns 41,100 shares of the company’s stock worth $2,508,000 after buying an additional 2,100 shares during the last quarter. Comerica Bank raised its position in ViaSat by 0.5% in the fourth quarter. Comerica Bank now owns 45,152 shares of the company’s stock worth $2,580,000 after buying an additional 240 shares during the last quarter. Finally, Oxford Asset Management raised its position in ViaSat by 78.1% in the fourth quarter. Oxford Asset Management now owns 38,065 shares of the company’s stock worth $2,335,000 after buying an additional 16,689 shares during the last quarter.

ViaSat, Inc is a technology company engaged in broadband technologies and services, including satellite and wireless networking applications and secure networking systems, products and services. The Company conducts its business through three segments: satellite services, commercial networks and government systems.

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