ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $62.67, for a total transaction of $50,136.00. Following the completion of the transaction, the director now owns 800 shares in the company, valued at approximately $50,136. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

VSAT stock opened at $61.85 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.37 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of -71.92 and a beta of 0.81. ViaSat, Inc. has a 12 month low of $59.16 and a 12 month high of $80.26.

ViaSat (NASDAQ:VSAT) last posted its earnings results on Thursday, August 9th. The communications equipment provider reported ($0.57) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by ($0.07). The business had revenue of $438.90 million during the quarter, compared to the consensus estimate of $429.75 million. ViaSat had a negative return on equity of 3.97% and a negative net margin of 5.58%. The business’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 earnings per share. equities research analysts predict that ViaSat, Inc. will post -1.66 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of VSAT. Sylebra HK Co Ltd boosted its holdings in shares of ViaSat by 158.6% during the 2nd quarter. Sylebra HK Co Ltd now owns 1,304,806 shares of the communications equipment provider’s stock worth $85,752,000 after buying an additional 800,248 shares during the period. Fiduciary Management Inc. WI increased its position in shares of ViaSat by 27.4% during the 1st quarter. Fiduciary Management Inc. WI now owns 1,157,779 shares of the communications equipment provider’s stock worth $76,089,000 after purchasing an additional 248,804 shares in the last quarter. BlackRock Inc. increased its position in shares of ViaSat by 4.1% during the 1st quarter. BlackRock Inc. now owns 5,968,682 shares of the communications equipment provider’s stock worth $392,261,000 after purchasing an additional 236,104 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of ViaSat by 16.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 820,464 shares of the communications equipment provider’s stock worth $53,921,000 after purchasing an additional 116,824 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in ViaSat during the 1st quarter worth about $5,455,000.

Several research analysts have weighed in on VSAT shares. BidaskClub upgraded shares of ViaSat from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. ValuEngine raised shares of ViaSat from a “hold” rating to a “buy” rating in a research report on Friday, July 6th. William Blair reissued a “buy” rating on shares of ViaSat in a research report on Saturday, June 2nd. Needham & Company LLC decreased their target price on shares of ViaSat from $74.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, August 13th. Finally, TheStreet raised shares of ViaSat from a “d+” rating to a “c-” rating in a research report on Thursday, July 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. ViaSat presently has a consensus rating of “Hold” and an average target price of $70.33.

About ViaSat

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.

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

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