Viasat (NASDAQ:VSAT) CFO Garrett Chase Sells 4,000 Shares

Viasat Inc. (NASDAQ:VSATGet Free Report) CFO Garrett Chase sold 4,000 shares of the stock in a transaction dated 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 approximately $2,184,162.97. The trade was a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Viasat Stock Down 3.0%

Shares of VSAT stock traded down $2.27 during trading on Tuesday, reaching $72.59. The company’s stock had a trading volume of 589,499 shares, compared to its average volume of 2,102,715. The business has a fifty day moving average price of $72.11 and a 200-day moving average price of $58.48. 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 company has a market cap of $9.91 billion, a price-to-earnings ratio of -250.15 and a beta of 1.70. Viasat Inc. has a one year low of $14.50 and a one year high of $93.03.

Viasat (NASDAQ:VSATGet Free Report) last released its earnings results on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.34). Viasat had a negative net margin of 0.73% and a positive return on equity of 1.58%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted ($0.02) EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that Viasat Inc. will post -0.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on VSAT shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $97.00 target price on shares of Viasat in a research report on Monday, June 1st. B. Riley Financial boosted their price target on Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Zacks Research cut Viasat from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a report on Friday, July 17th. Finally, New Street Research started coverage on shares of Viasat in a research note on Wednesday, May 13th. They issued a “buy” rating and a $100.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $84.11.

Check Out Our Latest Research Report on Viasat

Hedge Funds Weigh In On Viasat

Institutional investors have recently bought and sold shares of the business. Valued Wealth Advisors LLC bought a new stake in Viasat in the first quarter valued at approximately $25,000. Elevation Wealth Partners LLC raised its stake in Viasat by 935.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock valued at $32,000 after acquiring an additional 318 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Viasat during the 4th quarter valued at $36,000. Los Angeles Capital Management LLC bought a new position in Viasat during the fourth quarter worth $38,000. Finally, EFG International AG acquired a new position in shares of Viasat in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Company Profile

(Get Free Report)

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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