John P. Stenbit Sells 1,250 Shares of ViaSat, Inc. (NASDAQ:VSAT) Stock

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ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $83.79, for a total transaction of $104,737.50. Following the sale, the director now owns 2,850 shares in the company, valued at approximately $238,801.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NASDAQ VSAT opened at $83.17 on Friday. ViaSat, Inc. has a 12 month low of $55.93 and a 12 month high of $97.31. The company has a market cap of $5.00 billion, a PE ratio of -73.60 and a beta of 0.85. The business’s 50 day moving average price is $85.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.34 and a current ratio of 1.83.

ViaSat (NASDAQ:VSAT) last released its earnings results on Thursday, May 23rd. The communications equipment provider reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.29. ViaSat had a negative net margin of 3.27% and a negative return on equity of 3.47%. The company had revenue of $557.20 million for the quarter, compared to analysts’ expectations of $538.73 million. During the same quarter last year, the business earned ($0.34) EPS. The firm’s revenue was up 26.7% compared to the same quarter last year. Sell-side analysts predict that ViaSat, Inc. will post -0.1 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in VSAT. Cerebellum GP LLC purchased a new stake in ViaSat during the 1st quarter valued at approximately $90,000. World Asset Management Inc purchased a new stake in ViaSat during the 1st quarter valued at approximately $202,000. Swift Run Capital Management LLC purchased a new stake in ViaSat during the 1st quarter valued at approximately $212,000. Pure Financial Advisors Inc. purchased a new stake in ViaSat during the 1st quarter valued at approximately $241,000. Finally, Piedmont Investment Advisors Inc. purchased a new stake in ViaSat during the 1st quarter valued at approximately $248,000. 96.22% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Gerdau from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Raymond James restated an “outperform” rating and set a $36.00 target price on shares of Zymeworks in a research note on Thursday, May 30th. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Bank of America restated a “buy” rating and set a $25.00 target price on shares of Infineon Technologies in a research note on Monday, June 3rd. Finally, ValuEngine upgraded shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. ViaSat currently has a consensus rating of “Buy” and a consensus price target of $96.99.

ViaSat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.

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