28,218 Shares in Viasat Inc. $VSAT Purchased by Compass Financial Management LLC

Compass Financial Management LLC acquired a new position in shares of Viasat Inc. (NASDAQ:VSAT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,218 shares of the communications equipment provider’s stock, valued at approximately $2,517,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC bought a new position in shares of Viasat in the first quarter worth about $25,000. Elevation Wealth Partners LLC grew its stake in shares of Viasat by 935.3% during the second quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock valued at $32,000 after purchasing an additional 318 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Viasat during the fourth quarter valued at approximately $36,000. Los Angeles Capital Management LLC acquired a new stake in shares of Viasat in the fourth quarter valued at approximately $38,000. Finally, EFG International AG acquired a new stake in shares of Viasat in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VSAT shares. Wall Street Zen downgraded Viasat from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. B. Riley Financial lifted their target price on Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Barclays set a $49.00 target price on Viasat in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $97.00 price target on shares of Viasat in a research note on Monday, June 1st. Finally, Morgan Stanley set a $95.00 price target on Viasat in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.67.

Insider Activity at Viasat

In other news, CFO Garrett L. Chase sold 4,000 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $72.23, for a total value of $288,920.00. Following the transaction, the chief financial officer owned 30,239 shares of the company’s stock, valued at $2,184,162.97. This represents a 11.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John P. Stenbit sold 616 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $75.46, for a total value of $46,483.36. Following the completion of the transaction, the director owned 634 shares in the company, valued at $47,841.64. This represents a 49.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 671,861 shares of company stock worth $47,405,788. 1.40% of the stock is owned by company insiders.

Viasat Trading Up 0.9%

VSAT opened at $74.72 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.68 and a quick ratio of 1.52. The company has a market cap of $10.29 billion, a price-to-earnings ratio of -311.33 and a beta of 1.72. The firm has a 50 day simple moving average of $74.62 and a 200 day simple moving average of $63.23. Viasat Inc. has a fifty-two week low of $26.10 and a fifty-two week high of $93.03.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.34). Viasat had a negative net margin of 0.64% and a positive return on equity of 1.44%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate 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.