John P. Stenbit Sells 800 Shares of ViaSat, Inc. (VSAT) Stock
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 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.
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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