ViaSat, Inc. (NASDAQ:VSAT) VP Toro Melinda Michele Del sold 2,938 shares of the stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $65.11, for a total value of $191,293.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of ViaSat, Inc. (NASDAQ:VSAT) traded down 0.52% on Monday, reaching $64.70. 391,206 shares of the company were exchanged. The stock has a 50 day moving average of $66.36 and a 200-day moving average of $69.96. The company has a market capitalization of $3.73 billion, a P/E ratio of 153.68 and a beta of 0.67. ViaSat, Inc. has a 52-week low of $63.00 and a 52-week high of $82.19.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. ViaSat had a net margin of 1.42% and a return on equity of 2.12%. The firm earned $380.60 million during the quarter, compared to analysts’ expectations of $389.81 million. During the same period in the previous year, the company earned $0.40 earnings per share. ViaSat’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that ViaSat, Inc. will post $1.13 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of ViaSat by 41.8% in the third quarter. PNC Financial Services Group Inc. now owns 1,405 shares of the company’s stock worth $105,000 after buying an additional 414 shares during the period. Elkfork Partners LLC bought a new stake in shares of ViaSat during the fourth quarter worth $154,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of ViaSat by 0.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,765 shares of the company’s stock worth $206,000 after buying an additional 25 shares during the period. LS Investment Advisors LLC boosted its stake in shares of ViaSat by 6.1% in the third quarter. LS Investment Advisors LLC now owns 2,889 shares of the company’s stock worth $216,000 after buying an additional 166 shares during the period. Finally, World Asset Management Inc bought a new stake in shares of ViaSat during the third quarter worth $216,000. 82.39% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the stock. Raymond James Financial, Inc. raised shares of ViaSat from a “market perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a research note on Tuesday, February 7th. B. Riley reissued a “buy” rating and set a $89.00 target price on shares of ViaSat in a research note on Monday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of ViaSat in a research note on Thursday, February 16th. Zacks Investment Research lowered shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Thursday, February 2nd. Finally, Royal Bank of Canada assumed coverage on shares of ViaSat in a research note on Wednesday, January 25th. They set an “underperform” rating and a $42.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $74.30.
ViaSat Company Profile
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.
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