Viasat Inc. (NASDAQ:VSAT – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $75.18 and last traded at $74.0080, with a volume of 474778 shares. The stock had previously closed at $70.95.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on VSAT. New Street Research began coverage on shares of Viasat in a report on Wednesday, May 13th. They set a “buy” rating and a $100.00 target price for the company. Needham & Company LLC upped their target price on shares of Viasat from $45.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 27th. Barclays raised shares of Viasat from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $23.00 to $49.00 in a report on Wednesday, April 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Viasat from a “hold” rating to a “buy” rating and upped their target price for the stock from $36.00 to $48.00 in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.
View Our Latest Stock Analysis on VSAT
Viasat Price Performance
Insider Activity at Viasat
In related news, SVP Robert James Blair sold 30,411 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $47.04, for a total value of $1,430,533.44. Following the completion of the sale, the senior vice president owned 38,108 shares of the company’s stock, valued at approximately $1,792,600.32. This represents a 44.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Craig Andrew Miller sold 5,260 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $50.00, for a total transaction of $263,000.00. Following the completion of the sale, the senior vice president directly owned 21,252 shares of the company’s stock, valued at $1,062,600. This represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 38,071 shares of company stock valued at $1,804,437. 2.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of VSAT. Price T Rowe Associates Inc. MD boosted its stake in Viasat by 2,821.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,222,981 shares of the communications equipment provider’s stock worth $111,065,000 after buying an additional 3,112,670 shares during the period. Vanguard Group Inc. boosted its stake in Viasat by 8.2% during the third quarter. Vanguard Group Inc. now owns 16,962,958 shares of the communications equipment provider’s stock worth $497,015,000 after buying an additional 1,289,024 shares during the period. Millennium Management LLC boosted its stake in Viasat by 673.7% during the first quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider’s stock worth $14,443,000 after buying an additional 1,206,935 shares during the period. Goldman Sachs Group Inc. boosted its stake in Viasat by 64.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock worth $29,866,000 after buying an additional 1,128,338 shares during the period. Finally, American Century Companies Inc. boosted its stake in Viasat by 38.5% during the third quarter. American Century Companies Inc. now owns 3,713,581 shares of the communications equipment provider’s stock worth $108,808,000 after buying an additional 1,033,194 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.
About Viasat
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.
Featured Articles
- Five stocks we like better than Viasat
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for Viasat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viasat and related companies with MarketBeat.com's FREE daily email newsletter.
