Viasat (NASDAQ:VSAT) Director John Stenbit Sells 616 Shares

Viasat Inc. (NASDAQ:VSAT) Director John Stenbit sold 616 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $75.46, for a total value of $46,483.36. Following the sale, the director owned 634 shares of the company’s stock, valued at approximately $47,841.64. The trade was a 49.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Viasat Stock Performance

Shares of NASDAQ VSAT opened at $81.03 on Thursday. Viasat Inc. has a 12 month low of $21.28 and a 12 month high of $93.03. 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 $11.16 billion, a P/E ratio of -337.62 and a beta of 1.72. The business’s 50 day moving average is $72.39 and its two-hundred day moving average is $60.32.

Viasat (NASDAQ:VSAT) last posted its earnings results on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.34). Viasat had a positive return on equity of 1.45% and a negative net margin of 0.64%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company posted ($0.02) EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Viasat Inc. will post -0.28 EPS for the current year.

Hedge Funds Weigh In On Viasat

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Viasat by 483.2% in the first quarter. Royal Bank of Canada now owns 109,448 shares of the communications equipment provider’s stock valued at $1,140,000 after purchasing an additional 90,680 shares in the last quarter. AQR Capital Management LLC boosted its position in Viasat by 189.7% during the 1st quarter. AQR Capital Management LLC now owns 452,933 shares of the communications equipment provider’s stock worth $4,692,000 after acquiring an additional 296,612 shares during the last quarter. Millennium Management LLC grew its stake in shares of Viasat by 673.7% during the 1st quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider’s stock worth $14,443,000 after acquiring an additional 1,206,935 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Viasat by 64.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock valued at $29,866,000 after purchasing an additional 1,128,338 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Viasat by 6.9% in the first quarter. Empowered Funds LLC now owns 226,184 shares of the communications equipment provider’s stock worth $2,357,000 after purchasing an additional 14,575 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VSAT. Zacks Research upgraded shares of Viasat from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Raymond James Financial set a $74.00 price target on shares of Viasat and gave the company an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a report on Friday, July 17th. B. Riley Financial raised their price objective on Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $97.00 price target on shares of Viasat in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Viasat presently has an average rating of “Moderate Buy” and an average target price of $85.78.

Viasat News Summary

Here are the key news stories impacting Viasat this week:

• Positive Sentiment: Viasat reported fiscal Q1 adjusted earnings of $0.17 per share, above the roughly $0.10 consensus estimate and significantly better than the year-ago result. Lower interest expense helped narrow losses and supported the earnings beat. Viasat Q1 Earnings Surpass Estimates
• Positive Sentiment: Management expects approximately $180 million of fiscal 2027 free cash flow while maintaining its $950 million-$1 billion capital-expenditure plan. Executives also highlighted record Direct-to-Air (DAT) awards and continued growth opportunities in government, aviation and maritime connectivity. Viasat Free Cash Flow and Capital Expenditure Outlook
• Positive Sentiment: Two ViaSat-3 satellites are nearing service, potentially expanding capacity and supporting the company’s next phase of growth. Needham raised its price target to $105 and reiterated a Buy rating, citing the improving outlook. Needham Raises Viasat Price Target
• Neutral Sentiment: VSAT has already rallied substantially over the past three months, leaving investors focused on whether ViaSat-3 commercialization and new contracts can justify the higher valuation. Competitive pressures and execution remain important risks. Viasat Rally and Outlook
• Negative Sentiment: Quarterly revenue of approximately $1.16 billion missed the $1.20 billion analyst estimate and declined year over year. The revenue shortfall is likely outweighing the adjusted earnings beat because it raises questions about near-term demand and the pace of growth.
• Negative Sentiment: Commentary following the report characterized the stock as expensive after its recent advance, while the large capital-spending program leaves limited room for execution missteps. Two insiders also sold shares, including a director and a senior vice president, adding a modest negative signal.

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.