Theresa Wise Sells 2,500 Shares of Viasat (NASDAQ:VSAT) Stock

Viasat Inc. (NASDAQ:VSAT) Director Theresa Wise sold 2,500 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $84.69, for a total transaction of $211,725.00. Following the sale, the director owned 11,000 shares of the company’s stock, valued at approximately $931,590. This trade represents a 18.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Theresa Wise also recently made the following trade(s):

• On Monday, June 8th, Theresa Wise sold 2,500 shares of Viasat stock. The stock was sold at an average price of $69.00, for a total transaction of $172,500.00.

Viasat Price Performance

VSAT stock opened at $80.38 on Friday. The company has a quick ratio of 2.19, a current ratio of 1.68 and a debt-to-equity ratio of 1.23. The firm has a market cap of $11.07 billion, a price-to-earnings ratio of -334.92 and a beta of 1.72. The company’s fifty day simple moving average is $72.29 and its 200 day simple moving average is $60.71. Viasat Inc. has a 12-month low of $24.95 and a 12-month high of $93.03.

Viasat (NASDAQ:VSAT) last issued its quarterly 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). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.20 billion. Viasat had a positive return on equity of 1.44% and a negative net margin of 0.64%.The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.02) earnings per share. On average, analysts expect that Viasat Inc. will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Viasat

Several hedge funds and other institutional investors have recently modified their holdings of the company. Valued Wealth Advisors LLC bought a new position in shares of Viasat in the 1st quarter worth $25,000. Elevation Wealth Partners LLC increased its stake in Viasat by 935.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock valued at $32,000 after purchasing an additional 318 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Viasat during the 4th quarter valued at $36,000. Los Angeles Capital Management LLC acquired a new position in Viasat during the fourth quarter worth $38,000. Finally, EFG International AG acquired a new position in Viasat during the fourth quarter worth $41,000. Institutional investors own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VSAT shares. Barclays set a $49.00 price target on Viasat in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $97.00 price objective on shares of Viasat in a research report on Monday, June 1st. Needham & Company LLC boosted their target price on shares of Viasat from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research note on Friday, July 17th. Finally, B. Riley Financial raised their price target on shares of Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.78.

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.