Somewhat Positive News Coverage Somewhat Unlikely to Affect ViaSat (VSAT) Share Price

Headlines about ViaSat (NASDAQ:VSAT) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ViaSat earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 45.0888798545708 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s scoring:

ViaSat (NASDAQ VSAT) traded down $0.11 during trading hours on Thursday, reaching $74.63. 181,700 shares of the company’s stock traded hands, compared to its average volume of 319,467. The company has a quick ratio of 1.71, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The firm has a market cap of $4,350.00, a price-to-earnings ratio of -373.15 and a beta of 0.78. ViaSat has a 12 month low of $57.75 and a 12 month high of $75.88.

ViaSat (NASDAQ:VSAT) last posted its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $393.10 million for the quarter, compared to analyst estimates of $401.83 million. ViaSat had a negative net margin of 0.75% and a positive return on equity of 0.13%. ViaSat’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. sell-side analysts anticipate that ViaSat will post -0.98 EPS for the current year.

Several analysts have recently issued reports on VSAT shares. Zacks Investment Research upgraded shares of ViaSat from a “hold” rating to a “strong-buy” rating and set a $75.00 target price on the stock in a research report on Monday, November 13th. Jefferies Group set a $67.00 price target on shares of ViaSat and gave the stock a “hold” rating in a research report on Sunday, September 10th. Royal Bank of Canada lowered their price target on shares of ViaSat from $50.00 to $48.00 and set an “underperform” rating on the stock in a research report on Thursday, October 5th. Needham & Company LLC upgraded shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Friday, November 10th. Finally, Morgan Stanley assumed coverage on shares of ViaSat in a research report on Friday, December 15th. They set an “equal weight” rating and a $78.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $73.75.

In other news, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $65.40, for a total value of $45,780.00. Following the sale, the director now directly owns 10,300 shares of the company’s stock, valued at approximately $673,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Stenbit sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $74.86, for a total transaction of $59,888.00. Following the completion of the sale, the director now directly owns 10,400 shares in the company, valued at $778,544. The disclosure for this sale can be found here. Insiders sold a total of 22,400 shares of company stock worth $1,616,597 over the last quarter. 7.70% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for ViaSat (NASDAQ:VSAT)

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