Insider Buying: ViaSat, Inc. (VSAT) Insider Purchases 1,000 Shares of Stock
ViaSat, Inc. (NASDAQ:VSAT) insider Bruce Leroy Dirks bought 1,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $59.78 per share, with a total value of $59,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
ViaSat, Inc. (NASDAQ:VSAT) traded down 0.11% on Tuesday, reaching $62.33. The company’s stock had a trading volume of 196,311 shares. The stock has a 50-day moving average of $65.16 and a 200-day moving average of $65.57. The stock has a market cap of $3.62 billion, a P/E ratio of 269.83 and a beta of 0.68. ViaSat, Inc. has a one year low of $57.75 and a one year high of $82.19.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $380 million during the quarter, compared to analysts’ expectations of $384.29 million. ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, analysts predict that ViaSat, Inc. will post $0.05 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the company. Neuburgh Advisers LLC boosted its stake in ViaSat by 20.5% in the first quarter. Neuburgh Advisers LLC now owns 1,600 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 272 shares in the last quarter. Quantbot Technologies LP acquired a new stake in ViaSat during the first quarter valued at about $105,000. PNC Financial Services Group Inc. boosted its stake in ViaSat by 9.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after buying an additional 131 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ViaSat by 13.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock valued at $121,000 after buying an additional 216 shares in the last quarter. Finally, Glen Harbor Capital Management LLC boosted its stake in ViaSat by 20.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,200 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 374 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.
VSAT has been the subject of several research analyst reports. TheStreet raised ViaSat from a “c” rating to a “b-” rating in a research report on Tuesday, May 23rd. B. Riley set a $89.00 target price on ViaSat and gave the company a “buy” rating in a research report on Wednesday, June 14th. Wells Fargo & Company set a $96.00 target price on ViaSat and gave the company a “buy” rating in a research report on Wednesday, May 24th. Barclays PLC reaffirmed an “equal weight” rating and set a $80.00 target price (down from $82.00) on shares of ViaSat in a research report on Monday, July 10th. Finally, Wunderlich raised ViaSat from a “sell” rating to a “hold” rating and set a $58.00 target price for the company in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $76.45.
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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