Several other research analysts have also commented on the company. Zacks Investment Research raised ViaSat from a hold rating to a buy rating and set a $84.00 price objective for the company in a report on Monday, October 3rd. Jefferies Group started coverage on ViaSat in a report on Monday, August 1st. They set a hold rating and a $85.00 price objective for the company. Finally, B. Riley reissued a buy rating and set a $89.00 price objective on shares of ViaSat in a report on Sunday, August 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $73.80.
Shares of ViaSat (NASDAQ:VSAT) opened at 74.22 on Wednesday. ViaSat has a 52-week low of $56.02 and a 52-week high of $79.15. The firm’s 50-day moving average is $74.26 and its 200-day moving average is $73.42. The firm has a market cap of $3.66 billion, a P/E ratio of 173.41 and a beta of 0.97.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.03. ViaSat had a return on equity of 2.59% and a net margin of 1.46%. The business had revenue of $363.10 million for the quarter, compared to analysts’ expectations of $371.89 million. During the same period in the previous year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that ViaSat will post $1.21 earnings per share for the current year.
In related news, CEO Mark D. Dankberg sold 26,250 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $75.27, for a total value of $1,975,837.50. Following the completion of the sale, the chief executive officer now owns 26,250 shares in the company, valued at approximately $1,975,837.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $73.64, for a total value of $51,548.00. Following the completion of the sale, the director now owns 7,100 shares of the company’s stock, valued at approximately $522,844. The disclosure for this sale can be found here. 9.70% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in VSAT. Nisa Investment Advisors L.L.C. increased its stake in shares of ViaSat by 47.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 13,000 shares of the company’s stock valued at $955,000 after buying an additional 4,200 shares during the last quarter. Pacad Investment Ltd. bought a new stake in shares of ViaSat during the first quarter valued at $303,000. Prudential Financial Inc. increased its stake in shares of ViaSat by 6.6% in the first quarter. Prudential Financial Inc. now owns 110,081 shares of the company’s stock valued at $8,089,000 after buying an additional 6,807 shares during the last quarter. BlackRock Inc. increased its stake in shares of ViaSat by 120.1% in the first quarter. BlackRock Inc. now owns 2,923 shares of the company’s stock valued at $214,000 after buying an additional 1,595 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of ViaSat by 11.2% in the first quarter. BlackRock Group LTD now owns 53,779 shares of the company’s stock valued at $3,951,000 after buying an additional 5,428 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.
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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