Viasat Inc. (NASDAQ:VSAT – Get Free Report) Director John Stenbit sold 653 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $71.74, for a total value of $46,846.22. Following the completion of the sale, the director owned 29,597 shares in the company, valued at approximately $2,123,288.78. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Viasat Price Performance
VSAT opened at $67.18 on Friday. The business has a fifty day moving average of $64.38 and a 200 day moving average of $49.28. Viasat Inc. has a 52-week low of $9.01 and a 52-week high of $89.79. The company has a quick ratio of 2.19, a current ratio of 2.41 and a debt-to-equity ratio of 1.35. The stock has a market cap of $9.17 billion, a P/E ratio of -231.66 and a beta of 1.71.
Analysts Set New Price Targets
A number of research firms recently issued reports on VSAT. Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. New Street Research began coverage on Viasat in a report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price objective for the company. B. Riley Financial boosted their price objective on Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 29th. Needham & Company LLC boosted their price objective on Viasat from $58.00 to $90.00 and gave the company a “buy” rating in a report on Monday, June 1st. Finally, Barclays set a $49.00 price objective on Viasat in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.13.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BankChampaign National Association bought a new position in Viasat in the first quarter worth approximately $437,000. Edgestream Partners L.P. grew its stake in Viasat by 88.4% in the first quarter. Edgestream Partners L.P. now owns 29,825 shares of the communications equipment provider’s stock worth $1,366,000 after purchasing an additional 13,998 shares in the last quarter. Janus Henderson Group PLC grew its stake in Viasat by 11.4% in the first quarter. Janus Henderson Group PLC now owns 52,637 shares of the communications equipment provider’s stock worth $2,412,000 after purchasing an additional 5,400 shares in the last quarter. South Dakota Investment Council grew its stake in Viasat by 92.6% in the first quarter. South Dakota Investment Council now owns 336,056 shares of the communications equipment provider’s stock worth $15,391,000 after purchasing an additional 161,552 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Viasat by 78.1% in the first quarter. EverSource Wealth Advisors LLC now owns 4,026 shares of the communications equipment provider’s stock worth $184,000 after purchasing an additional 1,766 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.
Viasat Company 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.
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