ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit sold 800 shares of ViaSat stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $74.86, for a total value of $59,888.00. Following the transaction, the director now directly owns 10,400 shares in the company, valued at $778,544. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ViaSat, Inc. (VSAT) opened at $74.63 on Friday. The firm has a market capitalization of $4,352.65, a PE ratio of -355.38 and a beta of 0.78. ViaSat, Inc. has a 12 month low of $57.75 and a 12 month high of $75.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.71.

ViaSat (NASDAQ:VSAT) last released its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The company had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $401.83 million. During the same quarter in the previous year, the business posted $0.40 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. analysts expect that ViaSat, Inc. will post -0.98 earnings per share for the current fiscal year.

A number of research firms recently issued reports on VSAT. BidaskClub raised ViaSat from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $46.00 target price (down from $48.00) on shares of ViaSat in a report on Tuesday, November 21st. Morgan Stanley initiated coverage on ViaSat in a research note on Friday, December 15th. They issued an “equal weight” rating and a $78.00 price target on the stock. Zacks Investment Research cut ViaSat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, 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 note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $73.75.

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in shares of ViaSat by 9.0% during the 2nd 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ViaSat by 13.4% during the 2nd 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 last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of ViaSat during the 2nd quarter valued at about $203,000. Shelton Capital Management acquired a new stake in shares of ViaSat during the 2nd quarter valued at about $206,000. Finally, Riverhead Capital Management LLC lifted its holdings in shares of ViaSat by 75.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,162 shares of the communications equipment provider’s stock valued at $209,000 after buying an additional 1,362 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

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About ViaSat

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.

Insider Buying and Selling by Quarter for ViaSat (NASDAQ:VSAT)

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